MW WK Kellogg's stock soars 6% as profit beat overshadows sales miss
WK Kellogg Co.'s stock soared 6% early Tuesday, after the breakfast cereal company's fourth-quarter adjusted profit swept past estimates and offset a sales miss.
Battle Creek, Michigan-based Kellogg (KLG) had per-share earnings of 21 cents a share for the quarter, up from 18 cents a year ago. Adjusted for one-time items, it had EPS of 42 cents, ahead of the 25-cent FactSet consensus.
Sales fell 1.8% to $640 million, below the $645 million FactSet consensus.
The company is now expecting an organic sales decline of about 1% in 2025. Organic sales exclude the impact of currency and acquisitions. The guidance also excludes any potential impact from President Trump's planned tariffs with Mexico and Canada.
(This is a breaking news story. Check back for updates)
-Ciara Linnane
This content was created by MarketWatch, which is operated by Dow Jones & Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
February 11, 2025 07:57 ET (12:57 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。