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2.27%PE Ratio
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WK Kellogg Co (KLG Q3 2024 Results Conference Call November 7, 2024 9:30 AM ET Company Participants Karen Duke - Vice President, Finance and IR Gary Pilnick - Chairman and CEO Dave McKinstray - Chief Financial Officer Conference Call Participants Kenneth Goldman - JPMorgan Peter Galbo - Bank of America Andrew Lazar - Barclays David Palmer - Evercore ISI Max Gumport - BNP Paribas Robert Moskow - TD Cowen Rob Dickerson - Jefferies Operator Good morning. Thank you for attending today's WK Kellogg Co Q3 Earnings Call.
WK Kellogg, a mid-cap consumer staples stock, is undervalued with a forward P/E of 11.58x, a 3.63% dividend yield, and a $500M supply chain modernization plan. The company was spun off from Kellanova, aiming to streamline operations and expand EBITDA margins from 9% to 14% by 2026 through facility optimizations. Despite volume declines and negative free cash flow, KLG's gross margin improvements and a concrete transformation plan make it a compelling buy for value-focused investors.
WK Kellogg Co (NYSE:KLG ) Q2 2024 Earnings Conference Call August 6, 2024 9:30 AM ET Company Participants Karen Duke - Vice President, Finance and IR Gary Pilnick - Chairman and CEO Dave McKinstray - Chief Financial Officer Conference Call Participants Kenneth Goldman - JPMorgan David Palmer - Evercore ISI Peter Galbo - Bank of America Max Gumport - BNP Paribas Scott Marks - Jefferies Robert Moskow - TD Cowen Operator Good afternoon. And welcome to the Q2 WK Kellogg Company Earnings Conference Call.
Shares of Rice Krispies and Special K maker WK Kellogg (KLG) slipped Wednesday after Bank of America Securities put a bearish rating on the cereal company's shares.
The U.S. has become a nation defined by its taste for all things gourmet, be it high-end coffee or imported olive oil. But what trends will define the future of food?
On May 7, 2024, WK Kellogg Co (NYSE: KLG, $21.77, Market Capitalization $1.9 billion), a top producer of branded ready-to-eat cereals in the U.S., Canada, and Caribbean, announced positive 1Q24 results with higher adjusted EPS than expected. 1Q24 adjusted net sales decreased by 0.8% compared to the same period last year. For further details, please visit spinoffresearch.com.
WK Kellogg Co (NYSE: KLG) will be holding a conference call on Tuesday, May 7, 2024, at 9:30 a.m. in Battle Creek, Michigan.
Gary Pilnick, WK Kellogg co-chairman and CEO, joins 'Squawk on the Street' to discuss the consumer share of income spent on food, what's landing well with the consumer, and Pilnick's conversations with clients like Walmart and Target.
The cereal maker's revenue and bottom line went in opposite directions in its fourth quarter. It beat on revenue but fell just short on profitability.
WK Kellogg Co. (KLG) Q4 2023 Earnings Call Transcript
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