Kellogg reaffirms full-year e.p.s.

by Eric Schroeder
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BATTLE CREEK, MICH. — The Kellogg Co. today reaffirmed its full-year 2012 earnings guidance of between $3.18 and $3.30 per share.

“During the third quarter of 2012, good performance from the Pringles business and changes in the estimates for certain non-operating items allowed the company to offset substantially all of the costs related to the recent, limited recall of certain packages of Mini-Wheats cereal,” Kellogg said.

Kellogg said the costs will be recognized in the third quarter and are expected to total between $20 million and $30 million.

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