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Kellogg (K) cuts its outlook for FY12 as it realizes a worse-than-anticipated Q1 after seeing...

Kellogg (K) cuts its outlook for FY12 as it realizes a worse-than-anticipated Q1 after seeing "significant" challenges in Europe and in some U.S. categories. The company expects that full-year internal net sales will increase at a rate between 2%-3%, leading to EPS to fall in a range of $3.18 to $3.30 a share - compared to the consensus mark of analysts calling for $3.48.
Comments (2)
  • Moon Kil Woong
    , contributor
    Comments (11158) | Send Message
     
    I think this has a lot to do with people eating less grains and fibers as the gluten free and anti-rock gut trend takes hold. Depressed earnings may remain for the time being. I don't think its a one off trend.
    23 Apr 2012, 12:58 PM Reply Like
  • Neal Razi
    , contributor
    Comments (1220) | Send Message
     
    Moon, Kellogg's does make plenty of healthy stuff via Kashi and Morningstar. I may buy into Kellogg's when this shakes down. Might be time to play a little defense with more consumer staples anyways.
    23 Apr 2012, 04:09 PM Reply Like
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