Kellogg's: Q1 EPS pretty flat
(CercleFinance.com) - Kellogg's has reported Q1 2022 constant currency adjusted EPS that is up 0.
9% at 1.12 dollar, with adjusted operating profit down 2.4% at 485 million dollars.
The breakfast cereal giant's revenues rose 2.4% to 3.67 billion dollars (+4.2% in organic terms), with growth supported by snacks, international momentum and positive price-mix effects.
Looking ahead to 2022, Kellogg confirms that it expects constant currency growth of 1%-2% for both adjusted EPS and adjusted operating profit, but is now targeting organic revenue growth of around 4% (rather than 3%).
Copyright (c) 2022 CercleFinance.com. All rights reserved.
9% at 1.12 dollar, with adjusted operating profit down 2.4% at 485 million dollars.
The breakfast cereal giant's revenues rose 2.4% to 3.67 billion dollars (+4.2% in organic terms), with growth supported by snacks, international momentum and positive price-mix effects.
Looking ahead to 2022, Kellogg confirms that it expects constant currency growth of 1%-2% for both adjusted EPS and adjusted operating profit, but is now targeting organic revenue growth of around 4% (rather than 3%).
Copyright (c) 2022 CercleFinance.com. All rights reserved.