K - Kellogg Non-GAAP EPS of $1.01 beats by $0.03 revenue of $3.95B beats by $170M
- Kellogg press release ( NYSE: K ): Q3 Non-GAAP EPS of $1.01 beats by $0.03 .
- Revenue of $3.95B (+9.1% Y/Y) beats by $170M .
- Organic sales growth of 13%.
- FY2022 Outlook : Raises its guidance for organic-basis net sales growth to approximately +10%, from its prior guidance of +7-8%. This reflects better-than-expected growth through the most recent quarter, as well as revenue growth management actions and good in-market momentum, particularly in snacks and emerging markets.
- Raises its guidance for adjusted-basis operating profit growth to approximately +6% on a currency neutral basis, from its prior guidance of +4-5%.
- Raises its guidance for adjusted-basis earnings per share growth to approximately +3% on a currency neutral basis, from prior guidance of approximately +2%.
- Updates its expectation for net cash provided by operating activities to be approximately $1.7 billion, with capital expenditure of approximately $0.5 billion, resulting in affirming its guidance for cash flow of approximately $1.2 billion.
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Kellogg Non-GAAP EPS of $1.01 beats by $0.03, revenue of $3.95B beats by $170M