Kellogg Earnings Perspective: Return On Capital Employed
Portfolio Pulse from Benzinga Insights
Kellogg (NYSE:K) reported Q1 earnings of $302 million, a 402% increase from the previous quarter, and sales of $4.05 billion, a 5.77% increase since Q4. The company posted a positive return on capital employed (ROCE) of 0.07%, indicating effective capital allocation.
May 24, 2023 | 2:54 pm
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POSITIVE IMPACT
Kellogg's Q1 earnings show a significant increase in revenue and a positive ROCE of 0.07%, indicating effective capital allocation and potential for future growth.
Kellogg's Q1 earnings report shows a significant increase in revenue and a positive ROCE, which is a sign of effective capital allocation. This suggests that the company is operating at a higher level of efficiency than other companies in its industry and is likely to achieve more durable success and favorable long-term returns. The positive earnings report and ROCE are likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100