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.

免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。

熱議股票

1
2
3
4
5
6
7
8
9
10

{"basename":"/hant","ssrTDKData":{"titleTemplate":"%s - 老虎證券","title":"老虎证券全球投资理财平台| 一站式投资美股新股港股A股","description":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","keywords":"老虎證券,老虎證券開戶,老虎券商,老虎證券官網,老虎證券app,tigertrade老虎證券,股票,炒股,新加坡股票交易平臺,投資,投資理財","social":{"ogDescription":"老虎证券助您一站式投资美股，新股，港股，A股等全球金融理财产品。新加坡华人最信赖的在线投资平台，现在加入即享低费用，24/5 无时差炒美股投资理财！","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/hant/news/2481958009"},"companyName":"老虎證券"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2481958009\",edition:\"fundamental\",,,undefined,":{"share":"https://ttm.financial/m/news/2481958009?lang=zh_TW&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-11-07 04:09","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2481958009","market":"us","top_or_hot":-1,"title":"WK Kellogg 3Q Revenue, Profit Expected to Fall -- Earnings Preview","media":"Dow Jones","content":"<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>","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: 12.5px; color: #7E829C; margin: 0;}\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<h4 class=\"meta\">\n<div class=\"head\" \">\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 smaller\">2024-11-07 04:09</p>\n</div>\n</div>\n</h4>\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</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. Investors will likely be looking for signs that the company has started to win over shoppers again in the grocery store aisle.","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"WK":"Workiva","KLG":"WK Kellogg Co."},"translate_title":"WK家乐氏第三季度营收、利润预计下降——盈利预览","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"KLG":0.9,"WK":1},"content_text":"By Ben Glickman \n\n\n \n\n\n  WK Kellogg is set to report third-quarter results before the market opens on Thursday. Here's what you need to know. \n\n\n \n\n\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\n\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\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}}}