Kellogg Co. said Thursday that its profit rose 3.7 percent in the second quarter because of product innovation and raising prices again to offset higher costs.

The maker of Special K and other cereals and Keebler cookies came in slightly ahead of Wall Street’s expectations, and it boosted its guidance for the full year.

Kellogg reported a profit of $312 million, or 82 cents per share, for the three-month period ending June 28, up from $301 million, or 75 cents per share, during the same period last year.