WK Kellogg's stock soars 6% as profit beat overshadows sales miss

Dow Jones

11 Feb

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.

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MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 11, 2025 07:57 ET (12:57 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"KLG","symbol_name":"WK Kellogg Co.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2510538527","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2510538527","pubTimestamp":1739278620,"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 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  had per-share earnings of 21 cents a share for the quarter, up from 18 cents a year ago. 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Adjusted for one-time items, it had EPS of 42 cents, ahead of the 25-cent FactSet consensus. \n\n\n     Sales fell 1.8% to $640 million, below the $645 million FactSet consensus. \n\n\n     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. \n\n\n     (This is a breaking news story. Check back for updates) \n\n\n     -Ciara Linnane \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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