Kellogg’s Posts Massive $12B 2008 Profit, Strong Q4

kelloggsMichigan-based cereal maker Kellogg announced good Q4 earnings. Revenue for Q4 was up 5% YoY to $2.93 billion. Net profit for Q4 was up 7% to $179 million ($0.47 per share), up from $176 million ($0.44 per share). Kellog’s still managed to earn a profit despite a costly recall from possible salmonella contamination related to products with nuts made from a Georgia factory. Aggregately for 2008, the company reported a net profit of $1.15 billion ($2.99 per share), compared with $1.1 billion ($2.76 per share) in 2007. Total revenue for 2008 was $12.82 billion, up from $11.78 billion in 2007.


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