Kellogg quarterly sales top Wall Street estimates

August 2, 2018

(Reuters) – Cereal maker Kellogg Co <K.N> topped Wall Street estimates for sales on Thursday, helped by its acquisition of RXBAR and consolidation of Nigerian distributor Multipro.

Net income rose to $596 million, or $1.71 per share, in the second quarter ended June 30, from $283 million, or 80 cents per share, a year earlier.

Net sales rose to $3.36 billion from $3.18 billion. Analysts had estimated revenue of $3.30 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Nivedita Balu in Bengaluru)

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August 02, 2018 at 05:40PM
from One America News Network