WK Kellogg Beats Q3 Earnings Estimates, Driven By Strong Price/Mix and Operational Discipline: Details [Yahoo! Finance]
WK Kellogg Co (KLG)
Company Research
Source: Yahoo! Finance
the street view of 26 cents . Quarterly sales of $689 million outpaced the analyst consensus estimate of $674 million. The company's reported net sales decreased 0.4% year-over-year, while adjusted net sales rose 0.7% compared to standalone adjusted net sales. In the third quarter, price/mix increased 1.8%, while volume decreased 1.1%. WK Kellogg's third quarter adjusted EBITDA grew 27.5% to $65 million year-over-year when compared to standalone adjusted EBITDA. The increase in adjusted EBITDA reflects improved top-line performance, continued operational discipline, and the timing of brand-building spend. Also Read: Hershey's Q3 Earnings Sour As Sales Dip And Outlook Darkens; CEO Pledges Aggressive Turnaround Amid High Cocoa Costs “This quarter marks WK's first full year as an independent company, and we are making good progress executing our strategic priorities as we transform our business,” said Gary Pilnick, Chairman and Chief Executive Officer. Outlook : WK Kellogg Co
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KLG
News
- WK Kellogg Co (NYSE: KLG) had its price target raised by analysts at Barclays PLC from $16.00 to $19.00. They now have an "underweight" rating on the stock.MarketBeat
- WK Kellogg Co Announces Third Quarter Financial Results and Raises 2024 Adjusted EBITDA Guidance [Yahoo! Finance]Yahoo! Finance
- WK Kellogg Co Announces Third Quarter Financial Results and Raises 2024 Adjusted EBITDA GuidancePR Newswire
- WK Kellogg Co Declares Quarterly Dividend of $0.16 per SharePR Newswire
- Kellogg is under fire for using artificial food dyes. Here's how they may affect your health and where else to find them [Yahoo! Finance]Yahoo! Finance
KLG
Earnings
- 11/7/24 - Miss
KLG
Sec Filings
- 11/8/24 - Form SC
- 11/7/24 - Form 10-Q
- 11/7/24 - Form 8-K
- KLG's page on the SEC website