For the year, net income rose 11 percent to $961 million, or $2.67 per share. That compares with $866 million, or $2.38, in the prior year. Revenue rose nearly 8 percent to $14.2 billion from $13.2 billion in 2011.
The company, based in Battle Creek, Mich., stood by its outlook for 2013, with sales expected to increase by about 7 percent. Full-year earnings per share are expected to grow between 5 percent and 7 percent.