Kellog's: beats consensus in Q2.
(CercleFinance.com) - Kellogg's reported Q2 2017 adjusted net earnings that were up 6% at 340 million dollars, meaning EPS of 97 cents a share, while analysts were expecting EPS of 92 cents.
The adjusted sales of the breakfast cereal giant fell 3.8% to just over 3.1 billion dollars. At constant exchange rates, net sales contracted by 3.1%.
Over FY 2017, Kellogg's confirms its forecast of adjusted EPS that is up between 8% and 10% at constant exchange rates, on adjusted revenues that are down by about 3% - again at constant exchange rates.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The adjusted sales of the breakfast cereal giant fell 3.8% to just over 3.1 billion dollars. At constant exchange rates, net sales contracted by 3.1%.
Over FY 2017, Kellogg's confirms its forecast of adjusted EPS that is up between 8% and 10% at constant exchange rates, on adjusted revenues that are down by about 3% - again at constant exchange rates.
Copyright (c) 2017 CercleFinance.com. All rights reserved.