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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Cal-Maine Foods

Performance Food Group

Inflation is an inevitable market factor. However, investors can protect themselves by steering clear of stocks likely to be hit by inflation for whatever reason.

Dump These 3 Stocks Before Inflation Eats Into Profits

Dollar Tree

Estee Lauder

Tyson Foods

The most oversold stocks in the consumer staples sector presents an opportunity to buy into undervalued companies.

Top 4 Risk Off Stocks That May Rocket Higher In Q2

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

Kenvue

Solventum Corporation

Too often spinoff stocks don't perform well out of the gate. Because an investor bought the business of the parent company, he doesn't care too much about whatever side project is being shed.

Divide and Conquer: 3 Stock Spinoffs Set to Trounce the Market

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

Conagra Brands

General Mills

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.

3 High-Yield Stocks In Rebound Mode: How High Can They Go?

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.

Why Investors Found WK Kellogg Stock So Tasty This Week

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

By the time the United States Federal Reserve convened for its Federal Open Markets Committee (FOMC) meeting in December, federal economic data had already pointed to a sustained cooling in consumer prices. The Consumer Price Index, for example, only rose 3.2%, from a year-over-year (Y/Y) perspective, in October, which was approximately 590 basis points lower than the peak price increase of 9.1% Y/Y in June 2022.

3 Stocks to Sell as Inflation Cools Down in 2024

Newmont Mining

WEC Energy Group

For savvy investors, hunting down undervalued stocks can mean unearthing overlooked stocks with big potential. In any market cycle, undervalued stocks are there, waiting to be scooped up at bargain prices, but they tend to get even less attention in a bull market, as we saw in 2023.

3 undervalued stocks: Is now the right time to buy?

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

Kellogg

As other investors grow more euphoric over the tech sector, perhaps it's smart to take on a more contrarian mindset, with more defensive plays like those in the food scene. While you are diving into the food scene, you should also look for high-value dividend stocks.

3 Top Dividend Stocks to Eat Up in 2024

Abbott Labs

BellRing Brands Inc

Hershey

Mondelez

Medtronic

Insulet

Post Holdings

J. M. Smucker

Stryker

Utz Brands

Zimmer Biomet Hlds

Investors have such high hopes for popular weight-loss medications like Wegovy and Ozempic, the wonder drugs have sent shock waves through the stock market.

Ozempic and other weight-loss drugs' popularity set these stocks up for big gains

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

Kontoor Brands Inc

Nucor

I've never had the benefit of talking personally with Warren Buffett. Buffett considers it important to fill his writing and speaking engagements with bits of folksy wisdom.

News for WK Kellogg Co Stock (KLG)