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Benzinga
Kellogg Shares Gain On Q2 Beat, FY22 Guidance Boost
Kellogg Co (NYSE: K) reported second-quarter FY22 sales growth of 8.7% year-on-year to $3.86 billion, beating the consensus of $3.64 billion. Adjusted EPS of $1.18 beat the analyst consensus of $1.05. Kellogg North America’s sales increased 12%, Europe fell 3%, Latin America’s sales gained 8%, Asia Pacific, Middle East, and Africa’s sales jumped 11%. Selling, general and administrative expenses rose 1.1% Y/Y to $728 million. The operating margin was 10.7%, and operating income for the quarter de
