Categories AlphaGraphs, Consumer, Earnings
Infographic: Highlights of Kellogg Company’s Q4 2022 earnings report
Kellogg Company (NYSE: K) on Thursday reported higher adjusted earnings for the fourth quarter of 2022 amid an increase in revenues.
Net income, adjusted for special items, rose to $0.94 per share in the most recent quarter from $0.83 per share a year earlier. Meanwhile, on reported basis, the company posted a net loss of $98 million or $0.29 per share, compared to a profif of $433 million or $1.26 per share in the same period of last year.
Total sales increased 12% annually to $3.83 billion during the three-month period. The company also provided financial guidance for fiscal 2023.
Check this space to read management/analysts’ comments on Kellogg’s Q4 results
“Facing significant cost inflation, worldwide bottlenecks and shortages, and a significant inventory rebuild in North America cereal following last year’s fire and strike, the team executed with grit and agility to deliver another year of better-than-expected results, while at the same time making progress toward our planned transformation,” said Steve Cahillane, Kellogg’s CEO.
Prior Performance
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
What to look for when CVS Health (CVS) reports Q3 earnings
Healthcare company CVS Health Corporation (NYSE: CVS) is all set to report earnings next week, with Wall Street expecting a mixed outcome. The company has been facing challenges in certain
eBay (EBAY): A few factors that helped drive growth in Q3 2024
Shares of eBay Inc. (NASDAQ: EBAY) stayed green on Friday. The stock has gained 32% year-to-date. The ecommerce leader delivered revenue and earnings growth for the third quarter of 2024,
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to