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Consumer Goods | Processed & Packaged Goods | USA
Kellogg Drops as Cereal Maker Issues Soft 2019 Guidance
Kellogg issues soft guidance for 2019.
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The Battle Creek, Mich.-based company reported adjusted ourth-quarter earnings per share of 93 cents on revenue of $3.32 billion, a 5% increase year over year. Analysts, on average, were expecting the company to report earnings of 88 cents on revenue of $3.32 billion. On a non-adjusted basis, the loss in the quarter was 24 cents a share.
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The company said sales this year are expected to increase between 3% and 4% with adjusted operating profit expected to be about flat while adjusted per-share earnings are expected to decrease by 5% to 7%. Cash flow also is expected to be flat in 2019.
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https://www.thestreet.com/investing/stoc...yptr=yahoo
![[Bild: Kc1dl1548.png]](https://finviz.com/publish/020719/Kc1dl1548.png)
Kellogg Drops as Cereal Maker Issues Soft 2019 Guidance
Kellogg issues soft guidance for 2019.
...
The Battle Creek, Mich.-based company reported adjusted ourth-quarter earnings per share of 93 cents on revenue of $3.32 billion, a 5% increase year over year. Analysts, on average, were expecting the company to report earnings of 88 cents on revenue of $3.32 billion. On a non-adjusted basis, the loss in the quarter was 24 cents a share.
...
The company said sales this year are expected to increase between 3% and 4% with adjusted operating profit expected to be about flat while adjusted per-share earnings are expected to decrease by 5% to 7%. Cash flow also is expected to be flat in 2019.
...
https://www.thestreet.com/investing/stoc...yptr=yahoo
