K - Kellogg Non-GAAP EPS of $1.18 beats by $0.13 revenue of $3.86B beats by $220M raises FY22 revenue guidance
- Kellogg press release ( NYSE: K ): Q2 Non-GAAP EPS of $1.18 beats by $0.13 .
- Revenue of $3.86B (+8.7% Y/Y) beats by $220M .
- Raisesitsguidancefororganic-basisnetsalesgrowthto+7-8% vs. 2.64% consensus,fromitspriorguidanceofapproximately 4%.
- Raisesitsguidanceforadjusted-basisoperatingprofitgrowthto+4-5%onacurrency-neutralbasis,from itspriorguidanceof+1-2%.
- Raisesitsguidanceforadjusted-basisearningspersharegrowthtoapproximately+2%onacurrencyneutralbasis,frompriorguidanceof+1-2%,reflectingtheimprovedoperatingprofitoutlook,partially offsetbyareductioninnon-operating,non-cashpensionincome,stemmingfromaremeasurementthat nowreflectsthisyear'shigherinterestratesandsharplylowerequityandbondvalues.
- Raisesitsguidancefornetcashprovidedbyoperatingactivitiestoapproximately$1.8billion,fromprior guidanceof$1.7-1.8billion.Asaresult,cashflowisexpectedtobeapproximately$1.2billion,upfromprior guidanceof$1.1-1.2billion.
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Kellogg Non-GAAP EPS of $1.18 beats by $0.13, revenue of $3.86B beats by $220M, raises FY22 revenue guidance