WK Kellogg Co

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 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.

WK Kellogg Co reports Q3 growth, addresses challenges with new plans

WK Kellogg Co delivered solid financial performance in Q3 2024, with net sales growth, improved EBITDA, and stable category trends.
While facing challenges such as Special K's share decline, the company is proactively addressing issues with new commercial plans and strategic initiatives.
Opportunities lie in supply chain enhancements, core brand growth, and strategic marketing efforts to drive further sales and market expansion.

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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.

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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WK Kellogg has been undervalued since its split from parent company Kellanova in September last year. Unlike some spinoffs, KLG carries a strong balance sheet and pays a respectable and well-covered dividend. KLG's focus on modernizing its supply chain and introducing innovative products positions it for potential growth in 2024 and beyond.

WK Kellogg: Undervalued Dividend With Solid Upside Potential

The cereal maker's revenue and bottom line went in opposite directions in its fourth quarter. It beat on revenue but fell just short on profitability.

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WK Kellogg Co. (KLG) Q4 2023 Earnings Call Transcript

WK Kellogg Co.'s stock KLG, +1.45% rose 4.5% in premarket trades Tuesday after the cereal company reported better-than-expected fourth-quarter revenue despite a year-over-year sales decline impacted by price elasticity and lower promotional spend. WK Kellogg, which was previously part of snack giant Kellanova K, +2.17%, said its net income was $15 million, or 18 cents a share, after a loss of $152 million or a loss of $1.77 a share in the prior year's period.

WK Kellogg's stock rises after Q4 revenue beat

BATTLE CREEK, Mich. , Feb. 13, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2023 fourth quarter and full year earnings results in documents posted to the company website at  https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx.

WK Kellogg Co Announces Strong Fourth Quarter and Full Year 2023 Financial Results, and increased 2024 EBITDA Guidance

BATTLE CREEK, Mich. , Feb. 9, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that the company will present at the Consumer Analyst Group of New York Conference live at 8:00 am ET, Wednesday, February 21, 2024.

WK Kellogg Co to Webcast Presentation at CAGNY Conference on Feb. 21, 2024

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BATTLE CREEK, Mich. , Jan. 18, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Tuesday, February 13, 2024, at 9:30 a.m.

WK Kellogg Co to Host Conference Call on February 13

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WK Kellogg Co holds the second-largest market share in the U.S. ready-to-eat cereal sector and leads in Canada and the Caribbean. The spin-off from Kellogg ParentCo aims to streamline operations and focus on individual market segments. KLG reported a slight decrease in net sales for Q3 2023 but remains confident in its direction and aims to increase EBITDA margins to the mid-teens by 2026.

WK Kellogg Co: Crunching Numbers, Expanding Margins

BATTLE CREEK, Mich. , Nov. 29, 2023 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today announced that Gary Pilnick, Chairman and Chief Executive Officer, and Dave McKinstray, Chief Financial Officer, will participate in a fireside chat at the Morgan Stanley Global Consumer & Retail Conference on December 6, 2023, at 3:00PM ET.

WK Kellogg Co to Participate in Morgan Stanley Global Consumer & Retail Conference

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WK Kellogg's (KLG) third-quarter 2023 results reflect the rise in earnings. However, net sales decline on reduced volumes.

WK Kellogg (KLG) Q3 Earnings Top Estimates, Sales Down Y/Y

WK Kellogg impressed investors with its first financial report as a standalone company after it was spun off from Kellanova, formerly known as the Kellogg Company (NYSE:K), in October. Shares of the cereal giant - whose brands include Kellogg's, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Brand, Rice Krispies, Corn Flakes, and Kashi – moved higher as WK Kellogg's third quarter revenue and earnings topped estimates, up 3.5% at US$10.83.

WK Kellogg 3Q earnings impress with sales and profits above estimates

WK Kellogg Co.'s stock KLG, was up by 2.8% in premarket trading after the cereal company that was formerly part of snack giant Kellanova K, -0.86% said its third-quarter profit rose by 82.6%. WK Kellogg said its net income increased to $42 million, or 49 cents a share, from $23 million, or 27 cents a share, in the year-ago quarter.

News for WK Kellogg Co Stock (KLG)