Kellogg Firm (NYSE: K) has reported a modest decline in first-quarter earnings regardless of a rise in revenues. Gross sales grew throughout all geographical segments besides the U.S.
Web earnings, adjusted for particular gadgets, dropped to $1.10 per share in the latest quarter from $1.11 per share a yr earlier. In the meantime, unadjusted revenue rose to $422 million or $1.23 per share from $368 million or $1.07 per share.
Learn administration/analysts’ feedback on quarterly outcomes
The corporate additionally offered steerage for the complete fiscal yr, projecting a 4% enhance in natural gross sales and a 1-2% enhance in adjusted working revenue. The administration is on the lookout for money flows of $1.7-1.8 billion for fiscal 2022.