Kelloggs: adjusted EPS down almost 7% in Q4
(CercleFinance.com) - Kellogg's has reported Q4 adjusted EPS at constant exchange rates that is down 6.
6% to 85 cents, short of the consensus, on revenue that is up 7.5% at 3.46 billion dollars (+2.5% in organic terms).
For the year ahead, the agri-food group expects adjusted EPS at constant exchange rates to edge up 1%, while it forecasts about a 1% dip in revenues, against respective increases of 2.3% and 6% in 2020.
In addition, the group's Board of Directors has announced a dividend per share of 57 cents for the first quarter of 2021 (with payment in March), and has stated its intention to increase this to 58 cents from the following quarter.
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6% to 85 cents, short of the consensus, on revenue that is up 7.5% at 3.46 billion dollars (+2.5% in organic terms).
For the year ahead, the agri-food group expects adjusted EPS at constant exchange rates to edge up 1%, while it forecasts about a 1% dip in revenues, against respective increases of 2.3% and 6% in 2020.
In addition, the group's Board of Directors has announced a dividend per share of 57 cents for the first quarter of 2021 (with payment in March), and has stated its intention to increase this to 58 cents from the following quarter.
Copyright (c) 2021 CercleFinance.com. All rights reserved.