WK Kellogg beats third-quarter estimates on demand, higher prices [Yahoo! Finance]
Kellanova (K)
Last kellanova earnings: 4/30 08:00 am
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Source: Yahoo! Finance
Shares of the Battle Creek, Michigan-based company rose about 10% in premarket trading as higher product pricing and cost-cutting efforts bolstered results. Despite raising prices, the company increased sales volume as the brand maintained its strong presence in American households' breakfast routines, suggesting that brand loyalty and customer retention remain strong. The Rice Krispies-maker's results contrasted those of other packaged food companies such as Kraft Heinz and Conagra Brands, which saw disappointing sales as customers opted for cheaper options. Organic volume for the quarter declined 1.1%, improving compared to a 4.8% decline the previous quarter. The third quarter product pricing rose 1.8%, down from 2.1% in the second quarter. WK Kellogg, which split from Kellanova last year, retained the North American cereal business of the original Kellogg company. Its gross margin increased to 29.4% from 28.5% a year ago in the quarter. In early August, the company an
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- Kellanova (NYSE: K) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
K
Earnings
- 11/1/24 - Beat
K
Sec Filings
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- 11/14/24 - Form 4
- K's page on the SEC website