Kellogg: Q4 EPS above expectations
(CercleFinance.com) - Kellogg has unveiled sluggish adjusted EPS of 91 cents for the last three months of 2019, while analysts were expecting five cents less, for revenues of 3.
22 billion dollars, down 2.8% as reported, although up 2.7% in organic terms.
The company ended the year either within or above its target ranges for each of its KPIs, management said, adding that its productivity actions and restructuring gradually generated savings over the year.
Thus, the agri-food group reported FY 2019 adjusted EPS of 3.94 dollars (four dollars at constant exchange rates), although it expects it to fall by 3% to 4%, excluding currency effects, over 2020.
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22 billion dollars, down 2.8% as reported, although up 2.7% in organic terms.
The company ended the year either within or above its target ranges for each of its KPIs, management said, adding that its productivity actions and restructuring gradually generated savings over the year.
Thus, the agri-food group reported FY 2019 adjusted EPS of 3.94 dollars (four dollars at constant exchange rates), although it expects it to fall by 3% to 4%, excluding currency effects, over 2020.
Copyright (c) 2020 CercleFinance.com. All rights reserved.