WK Kellogg 3Q Revenue, Profit Expected to Fall -- Earnings Preview

Dow Jones

2024-11-07

By Ben Glickman

WK Kellogg is set to report third-quarter results before the market opens on Thursday. Here's what you need to know.

PROFIT: WK Kellogg's per-share profit is expected to fall to 23 cents a share from 49 cents a year earlier, according to FactSet analysts.

REVENUE: The cereal maker is expected to report revenue of $674 million, according to the consensus of five analysts polled by FactSet. That would be a slight decline from the $684 million the company reported in the year-ago period.

Shares of the company fell about 6.7% during the quarter and recently traded around $17.

WHAT TO WATCH

-- WK Kellogg has been working to expand margins by modernizing its supply chain. Last quarter, the company said that those efforts would require nearly $400 million in capital investment. Investors will be looking for updates on progress in transforming the company's supply chain.

-- Packaged food companies have struggled to regain volumes, with shoppers continually wary of higher prices. WK Kellogg last quarter reported that price and product mix benefited sales by 2.1%, but that was more than offset by a 4.8% drop in volumes. Investors will likely be looking for signs that the company has started to win over shoppers again in the grocery store aisle.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

November 06, 2024 15:09 ET (20:09 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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Here's what you need to know. \n</p>\n<pre>\n \n</pre>\n<p>\n  PROFIT: WK Kellogg's per-share profit is expected to fall to 23 cents a share from 49 cents a year earlier, according to FactSet analysts. \n</p>\n<p>\n  REVENUE: The cereal maker is expected to report revenue of $674 million, according to the consensus of five analysts polled by FactSet. That would be a slight decline from the $684 million the company reported in the year-ago period. \n</p>\n<p>\n  Shares of the company fell about 6.7% during the quarter and recently traded around $17. \n</p>\n<pre>\n \n</pre>\n<p>\n  WHAT TO WATCH \n</p>\n<pre>\n \n</pre>\n<p>\n  -- WK Kellogg has been working to expand margins by modernizing its supply chain. Last quarter, the company said that those efforts would require nearly $400 million in capital investment. Investors will be looking for updates on progress in transforming the company's supply chain. \n</p>\n<p>\n  -- Packaged food companies have struggled to regain volumes, with shoppers continually wary of higher prices. WK Kellogg last quarter reported that price and product mix benefited sales by 2.1%, but that was more than offset by a 4.8% drop in volumes. Investors will likely be looking for signs that the company has started to win over shoppers again in the grocery store aisle. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ben Glickman at ben.glickman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 15:09 ET (20:09 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WK Kellogg 3Q Revenue, Profit Expected to Fall -- Earnings Preview</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWK Kellogg 3Q Revenue, Profit Expected to Fall -- Earnings Preview\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 04:09</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  By Ben Glickman \n</p>\n<pre>\n \n</pre>\n<p>\n  WK Kellogg is set to report third-quarter results before the market opens on Thursday. Here's what you need to know. \n</p>\n<pre>\n \n</pre>\n<p>\n  PROFIT: WK Kellogg's per-share profit is expected to fall to 23 cents a share from 49 cents a year earlier, according to FactSet analysts. \n</p>\n<p>\n  REVENUE: The cereal maker is expected to report revenue of $674 million, according to the consensus of five analysts polled by FactSet. That would be a slight decline from the $684 million the company reported in the year-ago period. \n</p>\n<p>\n  Shares of the company fell about 6.7% during the quarter and recently traded around $17. \n</p>\n<pre>\n \n</pre>\n<p>\n  WHAT TO WATCH \n</p>\n<pre>\n \n</pre>\n<p>\n  -- WK Kellogg has been working to expand margins by modernizing its supply chain. Last quarter, the company said that those efforts would require nearly $400 million in capital investment. Investors will be looking for updates on progress in transforming the company's supply chain. \n</p>\n<p>\n  -- Packaged food companies have struggled to regain volumes, with shoppers continually wary of higher prices. WK Kellogg last quarter reported that price and product mix benefited sales by 2.1%, but that was more than offset by a 4.8% drop in volumes. Investors will likely be looking for signs that the company has started to win over shoppers again in the grocery store aisle. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Ben Glickman at ben.glickman@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 06, 2024 15:09 ET (20:09 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"WK","symbol_name":"Workiva","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481958009","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481958009","pubTimestamp":1730923740,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"WK Kellogg is set to report third-quarter results before the market opens on Thursday. Here's what you need to know.PROFIT: WK Kellogg's per-share profit is expected to fall to 23 cents a share from 49 cents a year earlier, according to FactSet analysts.REVENUE: The cereal maker is expected to report revenue of $674 million, according to the consensus of five analysts polled by FactSet. That would be a slight decline from the $684 million the company reported in the year-ago period.Shares of the company fell about 6.7% during the quarter and recently traded around $17.-- Packaged food companies have struggled to regain volumes, with shoppers continually wary of higher prices. WK Kellogg last quarter reported that price and product mix benefited sales by 2.1%, but that was more than offset by a 4.8% drop in volumes. 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That would be a slight decline from the $684 million the company reported in the year-ago period. \n\n\n  Shares of the company fell about 6.7% during the quarter and recently traded around $17. \n\n\n \n\n\n  WHAT TO WATCH \n\n\n \n\n\n  -- WK Kellogg has been working to expand margins by modernizing its supply chain. Last quarter, the company said that those efforts would require nearly $400 million in capital investment. Investors will be looking for updates on progress in transforming the company's supply chain. \n\n\n  -- Packaged food companies have struggled to regain volumes, with shoppers continually wary of higher prices. WK Kellogg last quarter reported that price and product mix benefited sales by 2.1%, but that was more than offset by a 4.8% drop in volumes. Investors will likely be looking for signs that the company has started to win over shoppers again in the grocery store aisle. \n\n\n \n\n\n  Write to Ben Glickman at ben.glickman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  November 06, 2024 15:09 ET (20:09 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1}}}