BATTLE CREEK, Mich., Oct. 10, 2012 (GLOBE NEWSWIRE) -- Kellogg Company (NYSE:K) today announced that it was reaffirming 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. These costs will also be recognized in the third quarter and are expected to total between $20 million and $30 million.
About Kellogg Company
Driven to enrich and delight the world through foods and brands that matter, Kellogg Company (NYSE:K) is the world's leading producer of cereal, second largest producer of cookies and crackers and - through the May 2012 acquisition of the iconic Pringles® business - the world's second largest savory snacks company. In addition, Kellogg is a leading producer of frozen foods. Every day, our well-loved brands - produced in 18 countries and marketed in more than 180 countries - nourish families so they can flourish and thrive. With 2011 sales of more than $13 billion, these brands include Cheez-It®, Coco Pops®, Corn Flakes®, Eggo®, Frosted Flakes®, Kashi®, Keebler®, Kellogg's®, Mini-Wheats®, Pop-Tarts®, Pringles®, Rice Krispies®, Special K®, and many more. To learn more about Kellogg Company, including our corporate responsibility initiatives and rich heritage, please visit www.kelloggcompany.com .The Kellogg Company logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=3194 Forward-Looking Statements Disclosure This news release contains, or incorporates by reference, "forward-looking statements" with projections concerning, among other things, the integration of the Pringles® business, the Company's strategy, and the Company's sales, earnings, margin, operating profit, costs and expenditures, interest expense, tax rate, capital expenditure, dividends, cash flow, debt reduction, share repurchases, costs, brand building, ROIC, working capital, growth, new products, innovation, cost reduction projects, and competitive pressures. Forward-looking statements include predictions of future results or activities and may contain the words "expects," "believes," "should," "will," "anticipates," "projects," "estimates," "implies," "can," or words or phrases of similar meaning.
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