KELLOGG COMPANY Reports Second Quarter Earnings for FY2023
August 13, 2023
🌥️Earnings Overview
On August 3 2023, KELLOGG COMPANY ($NYSE:K) announced its earnings results for the second quarter of FY2023, ending June 30 2023. Total revenue was USD 4041.0 million, a rise of 4.6% compared to the previous year, and net income was USD 357.0 million, up 9.5% year-over-year.
Stock Price
The company stock opened at $66.7 and closed at $66.2, down by 0.6% from the prior closing price of $66.6. The decrease in stock prices reflects this lack of strong growth for the company. Live Quote…
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% |
Analysis
At GoodWhale, we have conducted an in-depth analysis of KELLOGG COMPANY‘s fundamentals. We have assessed the financial and business aspects of the firm and determined that KELLOGG COMPANY is a low risk investment, by assigning it a Risk Rating. Our analysis did detect one risk warning within the cashflow statement; however, this risk is not high enough to affect our overall judgement of the firm. To get a more specific look at the risk warning, register on our website goodwhale.com. More…
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
KELLOGG COMPANY reported strong financial results for the second quarter of FY2023. Total revenues increased by 4.6% to USD 4041.0 million compared to the same period last year, while net income rose 9.5% year-over-year to USD 357.0 million. This indicates that the company is on a positive overall trend, and investors should consider this stock as an attractive investment opportunity.
The company continues to benefit from its portfolio of leading products and strong customer relationships, resulting in improved financial performance. Looking forward, KELLOGG COMPANY is well-positioned to capitalize on its growth opportunities and deliver further value to its investors.
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