AUS
NZ
UK
CA
USA
IND
_11_13_2025_18_02_02_174695.jpg)
Source:insta_photos, Shutterstock
Summary
- Kellogg’s famous brands included Pringles chips, Cheez-It crackers, Special K cereal, Eggo waffles, and Pop-Tarts.
- Sales went up to USD 3.46 billion in the quarter, from USD 3.22 billion in the same period last year.
- Earnings per share or EPS edged up to 59 cents from 42 cents.
Kellogg Co. on Thursday reported a net income of USD 208 million in the fourth quarter ended January 2, 2021, up from USD 152 million in the corresponding period a year ago.
Sales were up as the lockdown pushed up demand for packaged food. People ordered food from outside as they mostly stayed indoors due to the COVID restrictions. Some of Kellogg’s top brands included Pringles chips, Cheez-It crackers, and Special K cereal.
Earnings per share or EPS edged up to 59 cents from 42 cents. The adjusted profit, however, was lower than what analysts had than forecast.
Sales went up to USD 3.46 billion from USD 3.22 billion, but lower than the estimated USD 3.51 billion. Sales of Kellogg frozen products in North American markets rose by 5.5 percent, compared to the same period last year. The company said that cereal sales also dropped 1.2 per cent.
The Battle Creek-based company said that comparable sales are expected to drop in 2021 because the demand in the previous quarters was driven by the eat-at-home trend during the pandemic.
Kellogg estimates that comparable sales could slip by 1 per cent.
Presenting the Q4 results on Thursday, it also said that its adjusted earnings per share is likely to go up by around 1 per cent this year. It also forecast cash flow of around USD 1.1 billion in 2021.
Kellogg said that it remains positive on the deliverables and does not expect any major supply chain disruptions or other prolonged market disturbances from the pandemic or from the global economy.
Kellogg’s other famous brands included Eggo waffles, and Pop-Tarts.
