Kellogg Company (K) Q1 2023 Earnings: Key financials and quarterly highlights

Kellogg Company (NYSE: K) reported its first quarter 2023 earnings results today.

Net sales increased 10.4% year-over-year to $4 billion. Organic net sales grew 13.7%.

Net income attributable to Kellogg Company dropped to $298 million, or $0.86 per share, from $422 million, or $1.23 per share, last year. Adjusted EPS was $1.10.

Both revenue and earnings beat expectations.

For the full year of 2023, Kellogg expects organic sales to grow 6-7% versus last year.

Prior performance