Why Kellogg Stock Is Up 14% after Q1 2018 Earnings
As of May 29, Kellogg (K) stock is up 14% since the company reported better-than-expected first-quarter results on May 3. Kellogg not only surpassed analysts’ expectations on the sales and earnings front but also managed to improve its organic sales on a YoY (year-over-year) basis. Kellogg’s organic sales have remained weak in the past several quarters, reflecting lower demand for packaged foods and list price adjustments following the company’s transition.