0855 ET - WK Kellogg rise 4% premarket after the cereal giant's adjusted profit tops analyst estimates, outweighing disappointing sales. The maker of Frosted Flakes and Froot Loops posted sales of $640M, down nearly 2% from year-ago levels, in part reflecting what Kellogg CEO Gary Pilnick calls an "ongoing challenging business environment." The sales decline also comes as consumers reject higher cereal prices. Kellogg says 4Q sales volumes fell 6% as prices increased 4%. Kellogg posts adjusted earnings of 42 cents per share, ahead of the 25 cents analysts expected. (jesse.newman@wsj.com)
(END) Dow Jones Newswires
February 11, 2025 08:56 ET (13:56 GMT)
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