What to Expect From Kellogg’s Upcoming Q3 Results?
<p>RBC Capital analysts provided their outlook on <a href='https://financialmodelingprep.com/financial-summary/K'>Kellogg Company (NYSE:K)</a> ahead of the upcoming Q3 earnings announcement, expecting adjusted EPS of $0.95, slightly below the Street estimate of $0.98.</p>
<p>The analysts expect growth to continue being driven by strong double-digit pricing offsetting mild volume softness. To date, trends in packaged food have remained strong, with elasticities holding up surprisingly well, supported by consumer tradedown from AFH meals to at-home, and snacking boosted by strong summer mobility.</p>
<p>The analysts expect the company to continue providing conservative forward commentary on top of strong results. They expect the continued assumption of further volume declines despite the fact that elasticities are so far holding up. The analysts expect the company to be able to raise the full-year guidance or, at the least, reaffirm the existing 7-8% growth guide at the higher end. </p>

NYSE:K