Kellogg (NYSE:K) reported its Q1 earnings results on Thursday, May 4, 2023 at 08:00 AM.

Here's what investors need to know about the announcement.

Earnings

Kellogg beat estimated earnings by 11.11%, reporting an EPS of $1.1 versus an estimate of $0.99.

Revenue was up $381.00 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.1 which was followed by a 0.83% increase in the share price the next day.

Here's a look at Kellogg's past performance:

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Guidance

Kellogg management provided guidance for FY 2023, expecting earnings between $4.25 and $4.34 per share.

To track all earnings releases for Kellogg visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.