Kellogg Company has reported continued strong sales and earnings growth exceeding the company’s long-term internal growth targets in Q1.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Reported net earnings for the first quarter of 2006 were US$274.1m, an 8% increase from last year’s $254.7m, building on a 15% growth in the comparable period of last year.


Kellogg’s chairman and chief executive officer Jim Jenness said: “The strong momentum we’ve built in recent years continued through the first quarter. We exceeded our growth targets, made significant investment in our businesses, and overcame continued cost pressures. These results again demonstrate the strength and flexibility of our business model.”


Kellogg’s revenue in the quarter increased by 6% to $2.7bn, with internal net sales growth at 7%, compared to growth of 6% in the first quarter of last year.


Operating profit increased narrowly, by 1% to $472.5m in the first quarter, and internal operating profit growth, excluding the impact of foreign exchange and stock compensation, was 6% in the quarter.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In its outlook for the year, Kellogg stated that it now expects full-year earnings to be in a range of $2.45-2.49 per share.


In addition, the company expects gross margin expansion and operating profit growth to equal or exceed sales growth for the full year.


Jenness added: “We began the year with significant sales momentum. This momentum and our commitment to run the business for long-term growth, give us increased confidence that we will achieve our full-year targets. The strong performance we expect in 2006 is a testament to our continued commitment to delivering sustainable, dependable results.”