KELLOGG COMPANY Reports 4.6% Increase in Total Revenue for Q2 2023
August 25, 2023
☀️Earnings Overview
KELLOGG COMPANY ($NYSE:K) reported total revenue of USD 4041.0 million for the quarter ending June 30, 2023, a 4.6% rise compared to the same quarter in the prior fiscal year. Net income for the quarter also increased 9.5% year over year, to USD 357.0 million.
Analysis
The analysis of KELLOGG COMPANY‘s financials using GoodWhale showed that the company has a high health score of 7/10 with regard to its cashflows and debt, suggesting that it is capable to pay off debt and fund future operations. According to the Star Chart, KELLOGG COMPANY is strong in asset, dividend, and profitability, and weak in growth. This classification places KELLOGG COMPANY in the ‘rhino’ category, meaning that the company has achieved moderate revenue or earnings growth. Given the financials analysis of KELLOGG COMPANY, investors who are looking for safe investments with a moderate return on investment may be interested in this company. Investors who are looking for more aggressive investments may find that KELLOGG COMPANY does not meet their needs. As such, it is important for investors to do their own research before investing in any company. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kellogg Company. More…
| Total Revenues | Net Income | Net Margin |
| 15.87k | 867 | 5.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kellogg Company. More…
| Operations | Investing | Financing |
| 1.49k | -474 | -997 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kellogg Company. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 18.1k | 13.88k | 11.58 |
Key Ratios Snapshot
Some of the financial key ratios for Kellogg Company are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 5.6% | 1.3% | 8.6% |
| FCF Margin | ROE | ROA |
| 5.9% | 21.2% | 4.7% |
Peers
Kellogg Co is in competition with Nestle SA, McCormick & Co Inc, and Procter & Gamble Co. All four companies are large, international corporations that manufacture and sell food products. Kellogg Co’s primary product is cereal, but it also manufactures snacks and frozen foods. Nestle SA is a Swiss company that is the largest food company in the world. It manufactures a wide variety of food products, including baby food, bottled water, cereals, coffee, and confectioneries. McCormick & Co Inc is an American company that manufactures spices, herbs, and seasonings. Procter & Gamble Co is an American company that manufactures a wide variety of consumer goods, including food, beverages, cleaning products, and personal care products.
– Nestle SA ($OTCPK:NSRGY)
Nestle SA is a food and beverage company with a market capitalization of 288.43 billion as of 2022. The company has a return on equity of 14.82%. Nestle SA is a food and beverage company that manufactures and markets a variety of food and beverage products, including baby food, bottled water, cereals, coffee, dairy products, and pet food. The company has operations in over 190 countries and employs over 339,000 people.
– McCormick & Co Inc ($NYSE:MKC)
McCormick & Co Inc is a US-based company that manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavoring products. It has a market cap of 19.85B as of 2022 and a return on equity of 13.21%. The company operates through three segments: Consumer, Industrial, and Other.
– Procter & Gamble Co ($NYSE:PG)
Procter & Gamble Co is a consumer goods company with a market cap of $304.7B as of 2022. The company has a return on equity of 25.38%. Procter & Gamble Co manufactures and markets a variety of consumer goods, including beauty, grooming, health care, fabric care and home care products. The company operates in over 180 countries and has over 125,000 employees. Procter & Gamble Co is one of the largest consumer goods companies in the world.
Summary
Investors interested in Kellogg Company should be pleased with the latest results for the quarter ended June 30, 2023. Revenue increased 4.6% compared to the same quarter in the prior year, while net income jumped 9.5%. This reveals a healthy and growing business, which should be attractive to potential investors. The company’s growth prospects and financial position make it a strong buy-and-hold candidate for investors looking for a reliable long-term return on their investment.
