Kellogg Company: Reports Q1-2020 Results

Battle Creek / MG. (kc) Kellogg Company announced first-quarter 2020 results and affirmed its full-year financial guidance. Highlights:

• During the global Covid-19 pandemic and unprecedented operating environment, Kellogg’s priorities have been ensuring our employees’ health and safety, supplying food to the marketplace, and aiding our communities.
• The Company’s Deploy for Growth strategy continues to drive business momentum.
• Globally, demand for the Company’s products increased significantly in March, as consumers around the world stocked up on packaged foods amidst stay-at-home mandates.
• The Company affirmed its full-year financial guidance, with a shift in sales and earnings toward the first half of the year.

«We are truly living and working in a time unlike any other, and our hearts and thoughts go out to families around the world that have been affected by the global Covid-19 pandemic,» said Steve Cahillane, Kellogg Company’s Chairman and Chief Executive Officer. «I’m extremely proud of how our organization has risen to the challenge of keeping our employees safe, supplying much-needed food to the marketplace, and giving back to our communities in a time of need. I want to recognize and thank our colleagues around the world who have shown their dedication, courage, and agility in these efforts. Our Deploy For Growth strategy has continued to improve the underlying performance of our business, and our financial condition is solid as we manage through the crisis. In the meantime, we are taking prudent steps to deliver stable and dependable performance now and into the future.»

For detailed information please read the Company’s PDF file on the Company’s server.