Kellogg Company Lowers FY 2012 EPS Guidance

Kellogg Company lower fiscal 2012 earnings guidance and expects reported earnings, which include the expected impact of the acquisition of Pringles, to be in a range of $3.18 to $3.30 per share. The Company expects that fiscal 2012 internal net sales to increase at a rate between 2% and 3%. Fiscal 2012 internal operating profit is expected to decrease at a rate between 2% and 4% as the result of the slower sales growth and continued investment in the business. According to I/B/E/S Estimates, analysts were expecting the Company to report EPS of $3.48 for fiscal 2012.