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Kellogg's First Quarter Highlights : ● ● Exhibit 99.1 Kellogg Company Reports Strong First Quarter 2021 Results , Raises Full - Year Outlook BATTLE CREEK , Mich . - May 6 , 2021 - Kellogg Company ( NYSE : K ) today announced first quarter 2021 results and raised its full - year financial guidance . Kellogg Company Financial News Release Analyst Contact : John Renwick , CFA ( 269 ) 961-9050 Jamie Duies , CFA ( 269 ) 961-2486 Media Contact : Kris Bahner ( 269 ) 961-3799 During the global COVID - 19 pandemic and unprecedented operating environment , Kellogg continues to execute well against its priorities of protecting our employees ' health and safety , supplying food to the marketplace , and aiding our communities . Strong net sales growth was broad - based across regions and global categories despite lapping exceptional year - ago performance . Operating profit and earnings per share grew on top of year - ago exceptional growth as higher net sales and operating leverage resulted in balanced financial delivery . On the strength of this performance , the Company increased its full - year financial outlook . 1 " Amidst continued difficult circumstances , our organization executed exceptionally well in the first quarter and delivered very good results , both financially and in - market , " said Steve Cahillane , Kellogg Company's Chairman and Chief Executive Officer . " The quarter featured continued momentum in major brands and categories , accelerated growth in emerging markets , and effective management of cost pressures through productivity and revenue growth management . " Mr. Cahillane added , " This strong start to the year enables us to raise our full - year financial outlook , and underscores confidence in our ability to sustain balanced financial delivery . " Guidance and goals expressed in this press release are on a currency - neutral basis , and adjusted to exclude restructuring charges , mark - to - market adjustments of pensions ( service cost , interest cost , expected return on plan assets , and other net periodic pension costs are not excluded ) and various financial instruments , and other costs impacting comparability . Organic basis also excludes acquisitions , divestitures , and differences in shipping days . Expected net sales , margins , operating profit , and earnings per share are provided on a non - GAAP basis only because certain information necessary to calculate such measures on a GAAP basis is unavailable , dependent on future events outside of our control and cannot be predicted without unreasonable efforts by the Company . Please refer to the " Non - GAAP Financial Measures " section included later in this press release for a further discussion of our use of non - GAAP measures , including quantification of known expected adjustment items . The company will use the term " low single digit " to refer to percent changes of up to 3 % , " mid single - digit " to refer to