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

|About: Kellogg Company (K)|By:, SA News Editor

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.