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Kellogg's ● ● Kellogg Company Financial News Release Exhibit 99.1 Kellogg Company Reports Third Quarter 2021 Results , Reaffirms Full - Year Outlook BATTLE CREEK , Mich . - November 4 , 2021 - Kellogg Company ( NYSE : K ) today announced third quarter 2021 results and reaffirmed its full - year financial guidance . Third Quarter Highlights : Analyst Contact : John Renwick , CFA ( 269 ) 961-9050 Jamie Duies , CFA ( 269 ) 961-2486 Media Contact : Kris Bahner , ( 269 ) 961-3799 Sustained net sales growth , led by international momentum and positive price / mix . Increased operating profit year on year , in spite of high costs and economy - wide supply challenges . Continued to outpace category consumption growth in most key markets on a 2 - year compound annual growth basis , led by many of the Company's biggest brands . Reflecting underlying business momentum , Kellogg raised its full - year outlook for net sales , while reaffirming its guidance for operating profit , earnings per share , and cash flow to reflect a current business environment of supply challenges and higher costs . 1 " I'm incredibly proud of how our organization has executed through an extremely difficult operating environment , marked by economy - wide bottlenecks and shortages and high cost inflation , " said Steve Cahillane , Kellogg Company's Chairman and Chief Executive Officer . " That we could deliver strong third - quarter results and reaffirm our full - year earnings guidance in this environment is a testament to our strategy , our portfolio , and our people . " Mr. Cahillane added , " These business conditions do not get any easier in the fourth quarter , especially with the added challenge of a current labor disruption . However , our underlying business momentum remains strong , particularly for our biggest snacking and frozen foods brands , and for our businesses in emerging markets . And we will continue to navigate through the various supply challenges , with an eye to sustaining balanced financial growth over time . " 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 ) , commodity contracts , certain equity investments and certain foreign currency contracts , 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