KELLOGG COMPANY Reports 4.6% Increase in Total Revenue for Q2 2023
August 22, 2023
☀️Earnings Overview
For the second quarter of their 2023 fiscal year ending June 30, 2023, KELLOGG COMPANY ($NYSE:K) reported total revenue of USD 4041.0 million – a 4.6% increase from the second quarter of the previous year. Additionally, net income was up by 9.5%, totaling USD 357.0 million.
Analysis
The Risk Rating that GoodWhale assigned to the company reflects this fact. However, one risk warning was detected in the cashflow statement. Registering with GoodWhale allows investors to check out this warning and make a more informed decision about investing in the company. GoodWhale provides investors with a comprehensive look at the company’s fundamentals and financial health, allowing investors to make sound decisions about their investments. 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
Investing in Kellogg Company is a healthy option for potential investors. The company’s second quarter of their 2023 fiscal year ended June 30 2023 reported total revenue of USD 4041.0 million, a 4.6% increase from the year prior, and net income of USD 357.0 million, a 9.5% increase. This indicates a strong growth trajectory and a positive outlook, which suggests that investing in Kellogg Company now could be a wise decision for investors.
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