WK Kellogg Co

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

WK Kellogg Co reports Q1 results, affirms 2024 guidance confidently

KLG's Q1 performance showed mixed results with sales decline but EBITDA growth, highlighting strategic goals and core brand strength. The company faces challenges in managing seasonality and achieving margin expansion targets. Opportunities exist in EBITDA growth, supply chain modernization, and advertising strategy.

WK Kellogg Co reports Q2 challenges, reaffirms guidance, and plans investments

WK Kellogg Co faced challenges in Q2 with net sales decline and EBITDA reduction, necessitating strategic adjustments and financial management.
Despite challenges, the company reaffirmed guidance, highlighted investment in supply chain modernization, and emphasized stability and margin expansion strategies.
Opportunities lie in planned investments, margin expansion, operational optimizations, and sequential improvement expected in the back half of the year.
Addressing challenges while capitalizing on opportunities will be crucial for WK Kellogg Co to navigate current market conditions and drive future growth.

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WK Kellogg Co. produces and sells cereal based breakfast products. Its products include Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini- Wheats, Rice Krispies, Kashi, Corn Flakes, and Apple Jacks. The company was founded on November 23, 2022 and is headquartered in Battle Creek, MI.

Cereal maker WK Kellogg Co. on Thursday talked up its longer-term prospects at an analyst conference, saying that it was better off focused solely on breakfast staples like Frosted Flakes and Raisin Bran after breaking off from Kellanova last year.

WK Kellogg is upbeat about going it alone as CEO says ‘don't sleep on our core brands'

BATTLE CREEK, Mich. , Aug. 15, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that Gary Pilnick, Chairman and Chief Executive Officer, and David Mckinstray, Chief Financial Officer, will participate in a virtual fireside chat at the Barclays 17th Annual Global Consumer Staples Conference at 3:45 PM ET on September 4, 2024.

WK Kellogg Co to Participate in the Barclays 17th Annual Global Consumer Staples Conference on Wednesday, September 4, 2024

WK Kellogg Co stock is a potential buy opportunity at the current price post-separation of the snacks and food business. Kellogg owns significant market share in the cereal industry, with a relatively stable stock price despite economic uncertainties, and a valuable brand name. Management focuses on growing cereal brands, improving the supply chain process, and expanding market share, with potential for future growth in a changing culture.

WK Kellogg Co May Be Worth More Than The Cereal It Sells

WK Kellogg reported its Q2 results with revenues in line with estimates despite a boycott affecting the company in the quarter. The ongoing supply chain modernization should aid margins further in the mid-term through great manufacturing optimization. The long-term growth profile remains poor as consumers are opting for private label alternatives after rapid inflation, leaving WK Kellogg's strong brand portfolio with weaker demand.

WK Kellogg: Boycott Didn't Cause Sales Catastrophe

WK Kellogg Co (NYSE:KLG ) Q2 2024 Earnings Conference Call August 6, 2024 9:30 AM ET Company Participants Karen Duke - Vice President, Finance and IR Gary Pilnick - Chairman and CEO Dave McKinstray - Chief Financial Officer Conference Call Participants Kenneth Goldman - JPMorgan David Palmer - Evercore ISI Peter Galbo - Bank of America Max Gumport - BNP Paribas Scott Marks - Jefferies Robert Moskow - TD Cowen Operator Good afternoon. And welcome to the Q2 WK Kellogg Company Earnings Conference Call.

WK Kellogg Co (KLG) Q2 2024 Earnings Call Transcript

WK Kellogg Co. beat Wall Street's revenue expectations in its second-quarter results Tuesday but the food giant's shares slipped on weaker-than-expected earnings and lowered sales guidance.

WK Kellogg Q2 revenue beats but stock slips on earnings miss, lowered guidance

WK Kellogg plans to completely shutdown its Omaha, Nebraska, plant by the end of 2026 under a reorganization that will also reduce the cereal maker's headcount by more than 17%, it said on Tuesday, as it streamlines its production.

WK Kellogg to streamline production as slowing demand pressures sales

BATTLE CREEK, Mich. , Aug. 6, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 second quarter results in documents posted to the company website at https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx.

WK Kellogg Co Announces Second Quarter Financial Results and Next Steps of Supply Chain Modernization Plan

BATTLE CREEK, Mich. , Aug. 1, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today announced that its Board of Directors declared a dividend of $0.16 per share on the common stock of WK Kellogg Co, payable on September 13, 2024, to shareowners of record at the close of business on August 29, 2024.

WK Kellogg Co Declares Quarterly Dividend of $0.16 per Share

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BATTLE CREEK, Mich. , July 11, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Tuesday, August 6, 2024, at 9:30 a.m.

WK Kellogg Co to Host Conference Call on August 6

Shares of Rice Krispies and Special K maker WK Kellogg (KLG) slipped Wednesday after Bank of America Securities put a bearish rating on the cereal company's shares.

WK Kellogg Stock Drops After Bank of America Turns Bearish on It

BofA Securities analyst Peter Galbo downgraded the shares of WK Kellogg Co KLG from Neutral to Underperform and lowered the price target from $24 to $17.

WK Kellogg Faces Grim Outlook: BofA Analyst Downgrades Stock Amid Persistent Volume Challenges

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BATTLE CREEK, Mich. , May 30, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that Gary Pilnick, Chairman and Chief Executive Officer, and David Mckinstray, Chief Financial Officer, will participate in a virtual fireside chat at the 4th Annual Evercore ISI Consumer and Retail Conference at 1:15 PM ET on June 11, 2024.

WK Kellogg Co to Participate in the 4th Annual Evercore ISI Consumer and Retail Conference on June 11, 2024

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On May 7, 2024, WK Kellogg Kellogg Kellogg Co (NYSE: KLG, $21.77, Market Capitalization $1.9 billion), a leading manufacturer, marketer, and distributor of branded ready-to-eat cereals in the U.S., Canada, and Caribbean, reported upbeat 1Q24 results with a beat on adjusted EPS vs consensus (for more information, visit spinoffresearch.com). 1Q24 adjusted net sales declined 0.8% YoY compared to the prior-year period.

WK Kellogg On Strong Growth Trajectory

WK Kellogg Co. (NYSE:KLG ) Q1 2024 Earnings Conference Call May 7, 2024 9:30 AM ET Company Participants Karen Duke - Vice President, Planning and Investor Relations Gary Pilnick - Chief Executive Officer and Chairman of the Board Dave McKinstray - Chief Financial Officer Conference Call Participants Ken Goldman – J.P. Morgan Peter Galbo - Bank of America Andrew Lazar – Barclays David Palmer - Evercore ISI Max Gumport - BNP Paribas Robert Moskow - TD Cowen Robert Dickerson - Jefferies Operator Good day and welcome to the Q1, WK Kellogg Co. Earnings Conference Call.

WK Kellogg Co. (KLG) Q1 2024 Earnings Call Transcript

WK Kellogg Co beat Wall Street estimates for quarterly sales on Tuesday, as higher product prices offset pressure from slowing demand for the Froot Loops maker's ready-to-eat breakfast items and snacks.

Froot Loops maker WK Kellogg beats revenue estimates on higher prices

WK Kellogg's stock KLG, +1.47% rose 1.5% in premarket trading on Tuesday after the breakfast cereal giant said its first-quarter profit rose to $33 million, or 37 cents a share, from $24 million, or 28 cents a share, in the year-ago quarter. WK Kellogg matched the FactSet consensus estimate of 37 cents a share.

WK Kellogg's stock rises as revenue beats analyst estimate on wider margins

BATTLE CREEK, Mich. , May 7, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 first quarter results in documents posted to the company website at  https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx.

WK Kellogg Co Announces First Quarter Financial Results; Company Reaffirms 2024 Guidance

BATTLE CREEK, Mich. , April 18, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Tuesday, May 7, 2024, at 9:30 a.m.

WK Kellogg Co to Host Conference Call on May 7

BATTLE CREEK, Mich. , April 17, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) will host a live virtual webcast of its 2024 Annual Shareholder Meeting on Thursday, May 2, 2024, at 1:00 PM ET.

WK Kellogg Co to Host Annual Shareholders Meeting

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General Mills NYSE: GIS, WK Kellogg NYSE: KLG and Conagra NYSE: CAG are among the stocks with the lowest ratings tracked by Marketbeat. Their analysts are more pessimistic than most other stocks the platform tracks, yet they are rebounding because their industry and businesses are on track to pivot this year.

News for WK Kellogg Co Stock (KLG)