WK Kellogg Co KLG shares are buying and selling decrease on Tuesday.
WK Kellogg reported fourth-quarter adjusted earnings per share of 42 cents, beating the road view of 26 cents. Quarterly gross sales of $640 million (down 1.8%) missed the analyst consensus estimate of $641.69 million.
Within the fourth quarter, worth/combine elevated by 3.8%, however quantity dropped by 5.6%. The web gross sales decline was resulting from a troublesome enterprise setting and the weak Canadian Greenback towards the U.S. Greenback.
The corporate reported adjusted EBITDA of $57 million, up 7.5% yr over yr. Adjusted EBITDA margin expanded to eight.9% from 8.2%.
Fourth quarter reported internet revenue was $19 million, a 26.7% improve year-over-year. These will increase replicate improved productiveness and lowered waste inside its provide chain operations.
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WK Kellogg exited the quarter with money and equivalents price $40 million and inventories price $353 million. Lengthy-term debt as of quarter finish stood at $460 million.
As beforehand introduced on February 6 2025, the corporate authorised a 3% improve in its quarterly dividend to $0.165, up from $0.16 per share.
The dividend shall be paid on March 14 to shareholders of report on February 28.
Outlook: Kellogg’s 2025 natural internet gross sales are anticipated to say no by about 1.0%. Adjusted EBITDA progress for 2025 is projected to be between 4.0% and 6.0%.
Worth Motion: KLG shares are buying and selling decrease by 0.67% to $16.20 finally examine Tuesday.
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