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
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February 11, 2025 07:57 ET (12:57 GMT)
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