trending Market Intelligence /marketintelligence/en/news-insights/trending/jzOf3uV66Cc3TCmbMKRfIA2 content esgSubNav
In This List

Kellogg fiscal Q2 profit climbs YOY

Podcast

Private Markets 360° | Episode 2: ESG maturity in private markets (with Josh Green of Novata)

The Cobalt Expansion Drive Is A Copper Story

Blog

IPEM 2023: Industry Outlook & Key Takeaways- In Crisis Lies Opportunity

Podcast

Maritime and Trade Talk | EP12: Oil Price Cap - Implications for Trade and Shipping Risk


Kellogg fiscal Q2 profit climbs YOY

Kellogg Co. said its normalized net income for the fiscal second quarter ended July 1 amounted to 85 cents per share, compared with the S&P Capital IQ consensus estimate of 92 cents per share.

EPS increased year over year from 81 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $297.5 million, an increase from $286.3 million in the prior-year period.

The normalized profit margin rose to 9.3% from 8.8% in the year-earlier period.

Total revenue fell year over year to $3.19 billion from $3.27 billion, and total operating expenses fell on an annual basis to $2.64 billion from $2.75 billion.

Reported net income totaled $281.6 million, or 80 cents per share, compared with $279.7 million, or 79 cents per share, in the year-earlier period.