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.

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.

WK Kellogg beats profit and revenue estimates in its first earnings update since spinning off from Kellanova

BATTLE CREEK, Mich. , Nov. 8, 2023 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2023 third quarter 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 Third Quarter 2023 Financial Results and Reaffirms Financial Outlook

WK Kellogg received a lukewarm welcome from Wall Street when it went public last month, causing it to plunge as it struggled to gain support. The company has declared its first dividend and will report its first financial earnings this week.

Why WK Kellogg Stock Plunged 32% Last Month

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WK Kellogg Co stock has suffered, falling more than 43%, since Kellogg spun out Kellanova, its snacks and other foods-focused division, into a separate, publicly traded entity.   In an update to clients, BofA Securities analysts initiated coverage of WK Kellogg (KLG), which holds its traditional cereal brands such as Frosted Flakes and Rice Krispies, with a ‘Neutral' rating and $11.50 per share price objective, implying 13% potential upside from current levels.

WK Kellogg's ‘soggy' market debut already priced in: analysts

An analyst with a prominent firm failed to inspire the market with his neutral outlook for WK Kellogg stock. The company is focusing on the low-growth cereal opportunity but its valuation could be reaching attractive levels.

Here's Why WK Kellogg Stock Dropped Again Today

BATTLE CREEK, Mich. , Oct. 16, 2023 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Wednesday, November 8, 2023, at 10:30 a.m.

WK Kellogg Co to Host Conference Call on November 8

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The Score: WK Kellogg, Cal-Maine, Pioneer and More Stocks That Defined the Week

Kellanova has spun off its WK Kellogg Co business, with investors receiving one share in WK Kellogg for every four shares owned in Kellanova. WK Kellogg is a $2.7 billion business focused on cereal, with plans to turn around its business in a huge way in the coming years. Kellanova is the larger remaining business, expected to generate $13 billion in sales this year and trade at a reasonable multiple.

Kellanova: An Intriguing Spinoff Of WK Kellogg

BATTLE CREEK, Mich. , Oct. 3, 2023 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today is celebrating its launch as an independent, publicly traded company with the completion of its planned separation from Kellanova (NYSE: K), formerly Kellogg Company, on October 2, 2023.

WK KELLOGG CO CELEBRATES LAUNCH AS AN INDEPENDENT COMPANY

Kellogg officially split into two distinct, publicly traded companies, and shares of both tumbled on Monday in their first trading session since the separation.

Kellogg Splits Into Two Firms, and Shares of Both Tumble in First Session After Separation

Kellogg's cereal business began trading as “WK Kellogg Co” on the New York Stock Exchange Monday after spinning off from its parent company.  The remaining business, which includes snack brands such as Pringles and Cheez-It plus North American frozen food brands like Morningstar Farms, has been renamed Kellanova.

Kelloggs brand split goes into effect Monday but shares of both companies fall

Kellanova — the company once known as Kellogg — said the spin-off of its cereal business is official. The company announced Monday (Oct. 2) that it had completed the separation, with WK Kellogg Co. now trading on the New York Stock Exchange, allowing Kellanova to focus on its snack business.

Kellogg's Cereal Business Split Becomes Official

WK Kellogg (NYSE: KLG ) stock made its public debut today as the cereal company completes its spinoff from Kellogg. Let's go over everything investors in Kellogg need to know about this split and how it affects the company.

KLG Stock Alert: 7 Things to Know as WK Kellogg Starts Trading

Kellanova K, -4.39%, formerly known as Kellogg Co., didn't receive a warm reception on the first day as a snacks, frozen foods and international cereals company, and the new North America cereals business WK Kellogg Co. KLG didn't either, as the new stocks started trading following the completion the separation into two independent public companies. Kellanova's stock, which was trading under the previous Kellogg ticker of “K,” fell 4.0% in morning trading, while WK Kellogg's stock under the new ticker “KLG” was down 9.4%.

Stocks of both former-Kellogg Kellanova, and new WK Kellogg fall on first day after separation completed

As part of the separation, Kellogg has been renamed Kellanova but is still trading under the ticker "K."

Kellogg's cereal business begins trading as standalone company W.K. Kellogg

CHICAGO , Oct. 2, 2023 /PRNewswire/ -- Today, Kellanova, formerly known as Kellogg Company, (NYSE: K), announced the completion of the previously announced separation of its North American cereal business, WK Kellogg Co, resulting in two independent, public companies, each better positioned to unlock its full standalone potential. The separation was achieved through the distribution of all of the shares of WK Kellogg Co to holders of Kellanova common stock at 12:01 a.m.

KELLANOVA, FORMERLY KELLOGG COMPANY, ANNOUNCES COMPLETION OF THE SEPARATION OF ITS NORTH AMERICAN CEREAL BUSINESS

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BATTLE CREEK, Mich. , Sept. 28, 2023 /PRNewswire/ -- Kellogg Company (NYSE: K) announced that 2023 third quarter financial results, which includes financial results for the period ended September 30, 2023, for both Kellanova and WK Kellogg Co, will be issued at approximately 8:00 am EST on Wednesday, November 8, 2023.

News for WK Kellogg Co Stock (KLG)