Kellogg Earnings: Everything You Must Know Now

Kellogg Company (NYSE:K) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

Kellogg Company Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 19.05% to $1.00 in the quarter versus EPS of $0.84 in the year-earlier quarter.

Revenue: Rose 6.91% to $3.71 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kellogg Company reported adjusted EPS income of $1.00 per share. By that measure, the company beat the mean analyst estimate of $0.98. It missed the average revenue estimate of $3.81 billion.

Quoting Management: “We are reaffirming our full-year earnings guidance on a currency-neutral basis,” said John Bryant, Kellogg Company’s president and chief executive officer. “While sales growth has been slower than we anticipated in developed markets, particularly the U.S., the work we have been doing on our cost base has enabled us to offset the impact. In addition, we have now owned Pringles for more than a year. The integration has gone very well, and we remain excited regarding the opportunities we see for future growth.”

Key Stats (on next page)…

Revenue decreased 3.81% from $3.86 billion in the previous quarter. EPS increased 1.01% from $0.99 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $1.00 and has not changed. For the current year, the average estimate has moved down from a profit of $3.85 to a profit of $3.84 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]