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Kellogg Co (K)

K on New York Consolidated

70.48USD
21 Jun 2017
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Latest Key Developments (Source: Significant Developments)

Avon Products appoints Jonathan Myers chief operating officer
Tuesday, 20 Jun 2017 04:01pm EDT 

June 20 (Reuters) - Avon Products Inc -:Avon Products, Inc. appoints Jonathan Myers as chief operating officer.Avon Products Inc says ‍most recently, Jonathan served as kellogg's vice president, western european markets, and managing director, uk and ireland​.Avon Products Inc - James Scully, Avon's current executive vice president and chief operating officer, will be leaving company on october 1, 2017.Avon Products - Fernando Acosta, Avon's executive vice president and chief marketing and social selling officer, will be leaving co, Nov 1st 2017.  Full Article

Kellogg company reports 2017 first quarter results
Thursday, 4 May 2017 08:00am EDT 

May 4 (Reuters) - Kellogg Co : :Kellogg company reports 2017 first quarter results.Kellogg Co - qtrly reported diluted earnings per share $ 0.74.Says company reaffirms its guidance for currency-neutral operating profit and earnings per share, as well as for cash flow.Kellogg Co - qtrly comparable diluted earnings per share $ 1.06.Kellogg Co qtrly reported net sales $3,254 million, down 4.1 percent.Kellogg Co - qtrly U.S. Morning foods net sales $719 million versus $767 million.Says " got off to a slow start on net sales, as mentioned previously, but we expect sequential improvement in coming quarters".Q1 earnings per share view $0.99, revenue view $3.28 billion -- Thomson Reuters I/B/E/S.Kellogg Co - on track toward full-year 2017 forecasts for currency-neutral comparable operating profit, earnings and cash flow.Kellogg Co - qtrly U.S. snacks net sales $781 million versus $832 million.Kellogg Co - qtrly currency-neutral comparable eps $ 1.09.Kellogg Co - Q1 reported, currency-neutral comparable net sales decreased, owing to softness in underlying consumption, particularly early in quarter.Kellogg co - "U.S. Morning foods, U.S. Snacks, and Europe region got off to a soft start to the year".  Full Article

Kellogg executive says expects to see sequential improvement in Q2 - conf call
Thursday, 4 May 2017 07:40am EDT 

May 4 (Reuters) - :Kellogg CEO - experienced reduction in trade inventory in Q1 due to early shipments in Q4 in categories in U.S. - conf call.Kellogg CEO - encountered customer-specific interruptions in Q1, related to price pack changes on Pringles to cover input costs, product reformulations, currency - conf call.Kellogg executive - "Q1 was not the norm", expect to see sequential improvement in Q2 with further improvement coming in the second half - conf call.  Full Article

Kellogg declares regular dividend of $0.52 per share, plans to raise dividend to $0.54 per share beginning Q3 2017
Friday, 28 Apr 2017 11:05am EDT 

April 28 (Reuters) - Kellogg Co ::Kellogg Company declares regular dividend of $0.52 per share and announces plans for 4% dividend increase.Board of directors announced plans to increase quarterly dividend by four percent to $0.54 per share beginning with Q3 of 2017.  Full Article

Kellogg Co says three-year extension of its collegiate multimedia rights partnership with IMG
Monday, 3 Apr 2017 02:08pm EDT 

Kellogg Co :Kellogg Co says three-year extension of its collegiate multimedia rights partnership with IMG.  Full Article

Kellogg's Cheez-It and Pringles announce multi-year partnership with Major League Soccer
Thursday, 2 Mar 2017 09:01am EST 

Kellogg Co :Says Cheez-It and Pringles officially announced a multi-year partnership with Major League Soccer.  Full Article

Kellogg Company declares regular dividend of $0.52 per share
Friday, 17 Feb 2017 01:51pm EST 

Kellogg Co :Kellogg Company declares regular dividend of $0.52 per share.  Full Article

Kellogg Company qtrly comparable EPS $0.92
Thursday, 9 Feb 2017 08:00am EST 

Kellogg Co : Kellogg company reports 2016 fourth quarter and full-year financial results . Kellogg co - qtrly loss per share $0.15 . Kellogg co - qtrly comparable earnings per share $0.92 . Q4 earnings per share view $0.85 -- Thomson Reuters I/B/E/S . Kellogg co - q4 u.s. Morning foods net sales $704 million versus $712 million . Kellogg co - q4 u.s. Snacks net sales $767 million versus $750 million . Qtrly reported net sales $3.10 billion versus $3.14 billion . Q4 earnings per share view $0.85, revenue view $3.08 billion -- Thomson Reuters I/B/E/S . Q4 revenue view $3.08 billion -- Thomson Reuters I/B/E/S . Kellogg co - currency-neutral comparable net sales are expected to decline by about 2% in 2017 . Kellogg co - exit from dsd is expected to be neutral to operating profit in 2017 . Sees 2017 eps on a currency-neutral comparable basis of $4.03-$4.09 . Kellogg co - transition from dsd will be primarily executed during q2 and a3, encompassing a reduction in workforce . Kellogg co - including impact of currency translation, comparable-basis earnings per share are expected to be $3.91-3.97 in 2017 . Kellogg says anticipates reduction in net sales in u.s. Snacks in 2017, owing to initial volume disruption, impact of reducing stock-keeping units . Kellogg - transition from dsd will contribute to expanded project k program whose savings now extend through 2019 . 2017 cash from operating activities should be approximately $1.6-1.7 billion.  Full Article

Kellogg Co will begin to exit its direct store delivery network in Q2
Wednesday, 8 Feb 2017 04:45pm EST 

Kellogg Co : Kellogg Co - will begin to exit its direct store delivery (dsd) network in Q2 . New model "will be transformational" for Kellogg, reducing complexity and cost structure . Kellogg Co - transition from DSD network will be complete in Q4 of 2017 . Kellogg Co - company is providing severance and benefits, as well as offering retention packages for impacted employees . Kellogg Co- moving to warehouse model will also allow company to reduce complexity and bring benefits to both retail partners and Kellogg . Initiative will be part of an expanded project K program . Company expects initiative to bring U.S. Snacks' operating profit margin in line with that of Kellogg North America . Kellogg Co - "after a transition period, company expects this initiative to contribute to accelerating its top-line growth over time" .Kellogg - transitioning dsd-distributed portion of co's U.S. Snacks business to warehouse model used by pringles, rest of its north american business.  Full Article

Kellogg Co entered into an unsecured 364-day credit agreement dated as of January 31 - SEC Filing
Wednesday, 1 Feb 2017 05:12pm EST 

Kellogg Co : Kellogg Co- On Jan 31, 2017 Kellogg Company entered into an unsecured 364-day credit agreement dated as of January 31, 2017 - SEC Filing .Kellogg Co says new credit facility allows borrower, to borrow, on a revolving credit basis up to $800 million at any time outstanding - SEC Filing.  Full Article

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* Bright Greens says has raised a $2 million seed round led by Eighteen94 Capital, venture capital fund of Kellogg Company Source text for Eikon: Further company coverage: