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Kellogg sees FY23 tax rate 22%
The Fly

Kellogg sees FY23 tax rate 22%

Says navigated through bottlenecks and shortages. Says snacks business should see sustained momentum. Says input cost inflation remains high. Says decided to retain plant based food business. Sees FY23 tax rate 22%. Sees FY23 operating profit up 7%-9%. Sees FY23 free cash flow $1B-$1.1B. Says expects momentum to continue into 2023. Says Kellogg Europe remains in good condition. Comments and guidance taken from Q4 earnings conference call.

Published first on TheFly

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