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.

BATTLE CREEK, Mich. , Nov. 19, 2024 /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 4, 2024, at 8:00AM ET.

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

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KLG's Q3 earnings and net sales exceed expectations but decline year over year. However, the company raises its 2024 adjusted EBITDA growth forecast.

Here's Why WK Kellogg Stock is Down 8% Despite Q3 Earnings Beat

WK Kellogg Co (KLG Q3 2024 Results Conference Call November 7, 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 Peter Galbo - Bank of America Andrew Lazar - Barclays David Palmer - Evercore ISI Max Gumport - BNP Paribas Robert Moskow - TD Cowen Rob Dickerson - Jefferies Operator Good morning. Thank you for attending today's WK Kellogg Co Q3 Earnings Call.

WK Kellogg Co (KLG) Q3 2024 Earnings Call Transcript

WK Kellogg Co.'s stock rose 9% Thursday after the cereal giant beat analyst estimates for third-quarter adjusted profit and revenue.

WK Kellogg's stock rises as revenue and adjusted profit beat analyst estimates

WK Kellogg beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by robust consumer demand for its ready-to-eat cereals, including Froot Loops and Apple Jacks.

WK Kellogg beats third-quarter estimates on demand, higher prices

BATTLE CREEK, Mich. , Nov. 7, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 third 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 Third Quarter Financial Results and Raises 2024 Adjusted EBITDA Guidance

BATTLE CREEK, Mich. , Oct. 31, 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 December 13, 2024, to shareowners of record at the close of business on November 29, 2024.

WK Kellogg Co Declares Quarterly Dividend of $0.16 per Share

WK Kellogg, a mid-cap consumer staples stock, is undervalued with a forward P/E of 11.58x, a 3.63% dividend yield, and a $500M supply chain modernization plan. The company was spun off from Kellanova, aiming to streamline operations and expand EBITDA margins from 9% to 14% by 2026 through facility optimizations. Despite volume declines and negative free cash flow, KLG's gross margin improvements and a concrete transformation plan make it a compelling buy for value-focused investors.

WK Kellogg: Minimal Risks And Strong Upside Ahead

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BATTLE CREEK, Mich. , Oct. 16, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Thursday, November 7, 2024, at 9:30 a.m.

WK Kellogg Co to Host Conference Call on November 7

If WK Kellogg's management can deliver on its promise of higher margins, an investment today could outperform over the long run.

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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

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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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News for WK Kellogg Co Stock (KLG)