Kellogg's comes out stronger from the pandemic
Net global revenues up 1.4% to $ 13.77 billion
Kellogg Company has released Q4 2020 and full fiscal year results. "The year 2020 was different from the others, a year in which the world faced an unprecedented situation and challenges", said Steve Cahillane , president and CEO of the Group. "With the priority of keeping our employees safe, ensuring the use of products on the market and being of help to our communities, we can say that we have come out well from this pandemic, also achieving exceptional results. None of this would have worked and would have been possible without the dedication, resilience and agility of our employees around the world". Cahillane added,“We are entering 2021 with strong momentum and are confident that Kellogg's will emerge from this pandemic as a stronger company. We have enhanced business capabilities, reached more families, invested in our supply chain and improved our financial flexibility. We have solid foundations to continue to make a balanced financial disbursement".
The group recorded an increase in net sales of 1.4% for the full year to $ 13.77 billion, with an operating result of 1.76 billion (+ 25.7%) and earnings per share. equal to 3.63 dollars (+ 29.6%). Net sales for the fourth quarter of 2020 were $ 3.46 billion, up 7.5% or about 8% year-on-year.
EFA News - European Food Agency