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Kellogg Company (K - Free Report) has a balanced portfolio of cereal and snack products. Popular brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Ready Crust and Kashi.
A couple of years prior to 2015 were tough for Kellogg when it saw sales and profits shrink due to reducing demand. However, product introductions and brand building investments funded by the savings from Project K led to better-than-expected sales trends in 2015, especially in the U.S. cereals businesses.
Kellogg has been struggling to drive sales over the past two years primarily due to weak performance by its cereal products in developed markets as well as soft U.S. snacks businesses owing to lower demand. The company failed to register higher sales in the Q3 as well.
Nonetheless, all the factors that affected sales are temporary. Management is optimistic about better results as sales trends improve in certain categories and markets as the year progresses. Investors should note that earnings estimate revisions for K has been stable over the past 30 days. Moreover, K has a superb earnings history, with the company delivering positive earnings surprises consecutively over the past four quarters, thereby bringing the average to a positive earnings surprise of 5.27%.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: K beat on earnings. Our consensus earnings estimate called for EPS of 85 cents/share, and the company reported adjusted EPS of 92 cents instead.
Revenues: K reported revenues of $3.097 billion. This is almost in line with our consensus estimate of $3.10 billion.
Key Stats to Note: Organic revenues (excluding the impact of acquisitions, dispositions and foreign exchange) was up 1.1%, higher than 1% decline in the previous quarter .
Stock Price: Shares were up 1.37% in the pre-market session at the time of writing.
Check back later for our full write up on this K earnings report later!
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Kellogg (K) Tops on Q4 Earnings; Revenues In-Line
Kellogg Company (K - Free Report) has a balanced portfolio of cereal and snack products. Popular brands include Kellogg’s, Keebler, Pop-Tarts, Eggo, Cheez-It, Ready Crust and Kashi.
A couple of years prior to 2015 were tough for Kellogg when it saw sales and profits shrink due to reducing demand. However, product introductions and brand building investments funded by the savings from Project K led to better-than-expected sales trends in 2015, especially in the U.S. cereals businesses.
Kellogg has been struggling to drive sales over the past two years primarily due to weak performance by its cereal products in developed markets as well as soft U.S. snacks businesses owing to lower demand. The company failed to register higher sales in the Q3 as well.
Nonetheless, all the factors that affected sales are temporary. Management is optimistic about better results as sales trends improve in certain categories and markets as the year progresses.
Investors should note that earnings estimate revisions for K has been stable over the past 30 days. Moreover, K has a superb earnings history, with the company delivering positive earnings surprises consecutively over the past four quarters, thereby bringing the average to a positive earnings surprise of 5.27%.
Currently, K has a Zacks Rank #3 (Hold), but that could definitely change following Kellogg’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
We have highlighted some of the key stats from this just-revealed announcement below:
Earnings: K beat on earnings. Our consensus earnings estimate called for EPS of 85 cents/share, and the company reported adjusted EPS of 92 cents instead.
Revenues: K reported revenues of $3.097 billion. This is almost in line with our consensus estimate of $3.10 billion.
Key Stats to Note: Organic revenues (excluding the impact of acquisitions, dispositions and foreign exchange) was up 1.1%, higher than 1% decline in the previous quarter .
Stock Price: Shares were up 1.37% in the pre-market session at the time of writing.
Check back later for our full write up on this K earnings report later!
Kellogg Company Price and EPS Surprise
Kellogg Company Price and EPS Surprise | Kellogg Company Quote
"Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest tickers for the entirety of 2017?
Who wouldn't? These 10 are painstakingly hand-picked from 4,400 companies covered by the Zacks Rank. They are our primary picks to buy and hold. Be among the very first to see them >>"