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February 20, 2013
07:25 EDTKKellogg sees FY13 reported EPS up 5%-7%, consensus $3.87
Sees FY13 reported net sales up approximately 7%, consensus $15.28B. Sees FY cash flow $1.1B-$1.2B. Sees reported operating profit growth slightly higher than EPS growth. Sees "solid" sales growth in Q1, highest net inflation of the year. Long-term targets include: Internal net sales growth 3%-4%-, underlying operating profit growth 4%-6%, underlying currency-neutral EPS growth 7%-9%. Comments from slides that will be presented at CAGNY 2013.
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September 28, 2015
05:29 EDTKKellogg acquires Mass Food Group for $50M
Kellogg announced it has acquired Egypt's cereal company, Mass Food Group. Mass Food Group is a family-owned business headquartered in Cairo. As the first company to introduce breakfast cereal to Egyptian consumers, Mass Food Group has grown into an $18M business with 600 employees in less than 20 years. Kellogg Company has agreed to pay approximately $50M for Mass Food Group. Kellogg Company is financing the transaction with international cash on hand. Due to the size of Mass Food Group's annual sales, the transaction is not expected to have a material impact on Kellogg company's annual operating profit and net earnings in 2015.
September 25, 2015
06:48 EDTKCereal makers tweak recipes in emerging markets, WSJ says
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