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08-Feb-2019
Kellogg Company (K) announced, for 2019, the company projects adjusted EPS to decrease by 5%-7% on a currency-neutral basis as it laps 2018's discrete tax benefits.
Adjusted operating profit is expected to be approximately flat on a currency-neutral basis. Kellogg expects 2019 net sales to increase 3%-4% on a currency-neutral basis, and an organic net sales growth of 1%-2%. Kellogg reported that its fourth-quarter earnings per share declined slightly on a reported basis, owing to a sharply negative swing in the mark-to-market adjustments and higher restructuring charges. On a currency-neutral adjusted basis, earnings per share were at $0.93, flat with previous year. Reported net sales grew more than 4% year-on-year to $3.32 billion. On an organic basis, net sales declined by less than 1%. (dpa)
Recall: CDC links Kellogg´s Honey Smacks, salmonella
The Centers for Disease Control and Prevention says a popular Kellogg's cereal has been linked to a salmonella outbreak that has infected 100 people in 33 states. The CDC announced Thursday that customers should avoid Honey Smacks, tweeting, "Do not eat this cereal." The agency says it foun ... more
Kellogg's Honey Smacks Linked To Salmonella
The US Centers for Disease Control and Prevention has recommended people to not eat recalled Kellogg's Honey Smacks cereal because it has been linked to a multistate outbreak of Salmonella infections. Kellogg Company on Thursday announced a voluntarily recall of 15.3 oz. and 23 oz. package ... more
Kellogg latest US brand to ditch crisis-wracked Venezuela
The Kellogg Company is closing operations in Venezuela at a time of widespread hunger in the crisis-wracked South American nation. Workers arriving Tuesday for the early shift at Kellogg's factory in the central city of Maracay were surprised to find a notice taped to an iron gate informing ... more
More than 100 years ago, our founder, W.K. Kellogg, saw the promise in a single grain. Through his passion and commitment to nutrition, Kellogg’s Corn Flakes® were made, and an industry was born. Today nutrition continues to be the core of our business. And cereal is an integral part of ho ... more
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