WK Kellogg Co. (KLG), the maker of popular cereal brands like Froot Loops and Frosted Flakes, saw its stock soar 7.23% in the pre-market trading session on Tuesday, February 11, 2025. This surge was driven by the company's better-than-expected fourth-quarter earnings results and an optimistic outlook for the year ahead.
In its Q4 2024 earnings report, WK Kellogg posted an adjusted earnings per share of $0.42, surpassing analyst estimates of $0.26 by a significant margin. Despite a slight miss on revenue expectations, the company's cost-cutting efforts and pricing strategies helped boost profitability and margins.
Looking ahead, WK Kellogg provided an upbeat forecast for fiscal 2025, projecting adjusted EBITDA growth of 4% to 6% compared to the previous year. The company's management expressed confidence in their ability to execute on strategic priorities and drive growth, thanks to ongoing initiatives such as product innovation and supply chain optimization.
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