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Stock Market & Financial Investment News

News Breaks
November 15, 2013
07:21 EDTKKellogg downgraded at Barclays
As previously reported, Barclays downgraded Kellogg to Underweight from Equal Weight. The analyst believes Kellogg's investment in the announced Project K initiative, the sluggish cereal environment, and the challenging U.S. snacks market will limit share upside.
News For K From The Last 14 Days
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February 11, 2016
09:50 EDTKKellogg says US cereal business has momentum in 2016
Expects improved gross margin in 2016, excluding Venezuela. Sees FY16 interest expense $235M-$245M. Sees FY16 effective tax rate of 27%-28%. Still expects to repurchase $700M-$750M in 2016 as a part of the $1.5B share repurchase program that will run through 2017. Currency translation could have impact of as much as 10c per share in 2016. Said FX headwinds hurt Q4 EPS by 6c. The currency headwind will be much more impactful in Q1 and 1H16. Expects integration costs from Egypt and Nigeria will be between 2c-3c for FY16. Sees incremental savings for Project K to be $100M in FY16. Comments taken from Q4 earnings conference call.
08:04 EDTKKellogg backs FY16 view of currency-neutral comparable net sales growth of 1%-3%
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08:03 EDTKKellogg reports Q4 comparable EPS 79c, consensus 75c
Reports Q4 revenue $3.14B, consensus $3.16B. Reports Q4 currency-neutral comparable EPS 85c.
06:32 EDTKKellogg volatility elevated into Q4 and outlook
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February 10, 2016
14:32 EDTKNotable companies reporting before tomorrow's open
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