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WK Kellogg Co Announces First Quarter 2025 Results and Updates 2025 Outlook
Prnewswire· 2025-05-06 11:59
Financial Results - WK Kellogg Co reported its financial results for the first quarter of 2025 and updated its full year 2025 financial outlook [1] - The company will provide additional financial documents including press releases, GAAP reconciliations, and management remarks on its website [1] Live Webcast - WK Kellogg Co will host a live webcast for analysts to discuss its first quarter 2025 results on May 6, 2025, at 10:00 a.m. Eastern Time [2] - The Q&A session will be available for live streaming on the company's investor relations website [2] Company Overview - WK Kellogg Co has a long history dating back to 1894, known for its iconic products such as Corn Flakes and various breakfast cereals [3] - The company emphasizes its commitment to consumer well-being through its brand portfolio and sustainable business strategy, Feeding Happiness™ [3] - WK Kellogg Co aims to create positive impacts in communities while providing nourishing foods that enhance consumer joy [3]
WK Kellogg Co(KLG) - 2025 FY - Earnings Call Transcript
2025-05-01 17:00
Financial Data and Key Metrics Changes - The company reported a quarterly dividend of $0.01 per share, payable on June 13, 2025, with a record date of May 30, 2025, as part of its strategy to return value to shareholders [25]. Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided during the meeting [17]. Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed in the meeting [17]. Company Strategy and Development Direction - The company is focusing on its "Feeding Happiness" sustainable business strategy, which aims to make eating well easy, help kids be their best, and better communities [20][22]. - The initiative "Mission Tiger" has reached over 2 million kids in more than 3,000 schools, promoting access to sports [22][23]. - The company emphasizes the importance of understanding its impact on people and the planet as essential for sustainable business practices [24]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's commitment to ethical, responsible, and sustainable operations, continuing the legacy of its founder [21][24]. - The company views itself as a "119-year-old startup," indicating a forward-looking approach and ongoing innovation [26]. Other Important Information - The meeting utilized a virtual format to enhance accessibility for shareholders [2]. - The board of directors recommended the reelection of three nominees and the approval of executive compensation, which were all approved by shareholders [19]. Q&A Session Summary - There were no questions or comments from shareholders regarding the proposals during the meeting [18].
WK Kellogg Co Declares Quarterly Dividend of $0.165 per Share
Prnewswire· 2025-05-01 16:00
Group 1 - WK Kellogg Co declared a dividend of $0.165 per share on its common stock, payable on June 13, 2025, to shareholders of record at the close of business on May 30, 2025, with an ex-dividend date of May 30, 2025 [1] Group 2 - WK Kellogg Co has a rich history dating back to 1894, known for its iconic products such as Corn Flakes, Frosted Flakes®, Rice Krispies®, and Froot Loops®, which have significantly impacted breakfast culture [2] - The company emphasizes a sustainable business strategy called Feeding HappinessTM, aiming to enhance the well-being of families and communities through its food products [2]
WK Kellogg (KLG) Earnings Expected to Grow: Should You Buy?
ZACKS· 2025-04-29 15:07
The market expects WK Kellogg (KLG) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...
Why WK Kellogg (KLG) is Poised to Beat Earnings Estimates Again
ZACKS· 2025-04-17 17:15
If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider WK Kellogg (KLG) . This company, which is in the Zacks Consumer Products - Staples industry, shows potential for another earnings beat.This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 43.62%.For the most re ...
WK Kellogg Co to Host Annual Shareholder Meeting
Prnewswire· 2025-04-16 11:59
BATTLE CREEK, Mich., April 16, 2025 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) will host a live virtual webcast of its 2025 Annual Shareholder Meeting on Thursday, May 1, 2025, at 1:00 PM ET.Information about the webcast, which will include both the audio and slide presentation from the meeting, is available on the Investor Relations page of our website at investor.wkkellogg.com. Only Shareholders will be permitted to participate.A rebroadcast will be available 24 hours after the meeting, and available for a ...
WK Kellogg (KLG) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-04-03 17:05
WK Kellogg (KLG) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a chang ...
KLG or KMB: Which Is the Better Value Stock Right Now?
ZACKS· 2025-04-01 16:40
Core Viewpoint - The comparison between WK Kellogg (KLG) and Kimberly-Clark (KMB) indicates that KLG currently offers better value for investors based on various financial metrics and earnings outlook [1][3]. Valuation Metrics - KLG has a forward P/E ratio of 12.76, significantly lower than KMB's forward P/E of 18.96, suggesting KLG is undervalued relative to KMB [5]. - The PEG ratio for KLG is 2.03, while KMB's PEG ratio is 4.56, indicating that KLG has a more favorable earnings growth outlook relative to its price [5]. - KLG's P/B ratio stands at 5.41, compared to KMB's P/B of 48.64, further supporting KLG's position as a more attractive investment option [6]. Earnings Outlook - KLG holds a Zacks Rank of 2 (Buy), reflecting positive revisions to its earnings estimates, while KMB has a Zacks Rank of 3 (Hold), indicating a less favorable earnings outlook [3]. - The solid earnings outlook for KLG contributes to its Value grade of A, whereas KMB has a Value grade of C, reinforcing KLG's superior value proposition [6].
WK Kellogg Q4: Progressing In The Right Direction, But Uncertainty Lingers
Seeking Alpha· 2025-03-13 18:24
Core Insights - WK Kellogg Co (NYSE: KLG) reported mixed Q4 earnings but demonstrated progress in operational efficiency [1] Financial Performance - The earnings report indicated decent improvements in operational efficiency, although specific financial metrics were not detailed in the provided text [1]
WK Kellogg Co(KLG) - 2024 Q4 - Annual Report
2025-02-25 22:03
Spin-Off and Restructuring - The Spin-Off of WK Kellogg Co from Kellanova was completed on October 2, 2023, with Kellanova distributing one share of WK Kellogg Co for every four shares of Kellanova common stock[17]. - Kellanova's North America cereal business was separated and spun off into WK Kellogg Co, with the distribution of one share of WK Kellogg Co common stock for every four shares of Kellanova common stock on October 2, 2023[17]. - The restructuring plan includes the closure of the Omaha, Nebraska plant by the end of 2026 and a reduction in production at the Memphis, Tennessee facility, with actions expected to be completed by the end of fiscal year 2026[18]. - The company plans to close its Omaha, Nebraska plant by the end of 2026 and scale back production at its Memphis, Tennessee facility, as part of a restructuring plan aimed at modernizing its supply chain[18]. - The company entered into a Transition Services Agreement with Kellanova, which will provide specified services until October 2, 2025, to ensure an orderly transition post Spin-Off[20]. - The company has entered into several agreements with Kellanova post-spin-off, including a Transition Services Agreement to ensure an orderly transition[20]. Products and Market Position - WK Kellogg's principal products are cereals categorized into taste, wellness, and balance sub-categories, with leading brands including Frosted Flakes, Froot Loops, and Special K[22]. - The company’s diverse portfolio of cereals is designed to enhance consumer lives, appealing to a wide range of demographics[16]. - The company’s product offerings are diversified across taste, wellness, and balance sub-categories, appealing to a wide range of consumers[16]. - The company is committed to ongoing innovation and marketing to maintain its leading market position in the North American cereal industry[34]. - The company competes with both branded and private label products, focusing on product quality, taste, and innovation to maintain market position[34]. Financial Performance and Risks - Wal-Mart Stores, Inc. accounted for approximately 29% of consolidated net sales during 2024, with the top five customers collectively representing about 52% of total sales[33]. - The company faces risks related to supply chain disruptions and increases in costs of raw materials, labor, and utilities due to geopolitical and economic conditions[25]. - The company faces risks from supply chain disruptions and increases in costs due to geopolitical, economic, and market conditions, which could adversely impact profitability[25]. - Agricultural commodities such as corn, wheat, and sugar are the principal raw materials, with costs subject to fluctuations due to various market conditions[23]. - The principal raw materials include agricultural commodities such as corn, wheat, and sugar, with costs subject to fluctuations due to various external factors[23]. - The company is navigating a rapidly evolving geopolitical landscape that may affect its operations and financial results due to potential new tariffs[37]. - The company is subject to tariff regulations and the impact of new tariffs on its operations remains uncertain due to the evolving geopolitical landscape[37]. Employee Engagement and Culture - The company aims to foster a culture of employee engagement and well-being, offering competitive compensation and benefits[41]. - The company had approximately 3,280 employees as of December 28, 2024, and is focused on attracting, developing, and retaining talent through various engagement and reward programs[40]. - The company is committed to fostering a culture of employee well-being, offering competitive compensation and benefits packages that include defined benefit pension plans and flexible work arrangements[41]. - The company emphasizes ongoing training and development programs to enhance leadership and technical capabilities among its employees[45]. - The company aims to cultivate a supportive work environment that values diversity and inclusion among its workforce[40]. - The company provides a wide array of opportunities for employees to engage in community volunteering[40]. Research and Development - Research and development expenditures were approximately $24 million for the year ended December 28, 2024[35]. - The company is focused on expanding its product offerings and enhancing existing products through research and development initiatives[35]. Regulatory Compliance - The company is subject to various regulations from U.S. government agencies, which could impact financial performance if violations occur[36]. - The company is subject to various regulations by government agencies, which could impact financial performance if compliance is not maintained[36]. - Compliance with environmental laws did not materially affect the company's financial condition in 2024, and no significant impact is expected for 2025[39]. - Compliance with existing environmental laws and regulations did not materially affect the company's capital expenditures, earnings, or competitive position in 2024, and is not expected to do so in 2025[39]. - The company is not currently involved in any material legal proceedings related to environmental regulations[39]. Leadership - The executive team includes Gary Pilnick as CEO, Sherry Brice as Chief Supply Chain Officer, Bruce Brown as Chief Customer Officer, David McKinstray as Chief Financial Officer, and Doug VanDeVelde as Chief Growth Officer, all appointed on October 2, 2023[43][44][45][46][47]. Segment Reporting - The company’s financial information regarding geographic areas can be found in Note 15 "Segment Reporting" within its consolidated financial statements[42].