Profile
Sector:
Consumer DefensiveIndustry:
Packaged FoodsCountry:
United StatesIPO:
27 September 2023Website:
http://www.wkkellogg.comNext earnings report:
07 November 2024Last dividends:
29 August 2024Next dividends:
N/APrice
regular market | 11 min agoAnalysts recommendations
Institutional Ownership
KLG Latest News
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
WK Kellogg impressed investors with its first financial report as a standalone company after it was spun off from Kellanova, formerly known as the Kellogg Company (NYSE:K), in October. Shares of the cereal giant - whose brands include Kellogg's, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Brand, Rice Krispies, Corn Flakes, and Kashi – moved higher as WK Kellogg's third quarter revenue and earnings topped estimates, up 3.5% at US$10.83.
What type of business is WK Kellogg Co?
WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co. and changed its name to WK Kellogg Co in March 2023. The company was founded in 1894 and is headquartered in Battle Creek, Michigan.
What sector is WK Kellogg Co in?
WK Kellogg Co is in the Consumer Defensive sector
What industry is WK Kellogg Co in?
WK Kellogg Co is in the Packaged Foods industry
What country is WK Kellogg Co from?
WK Kellogg Co is headquartered in United States
When did WK Kellogg Co go public?
WK Kellogg Co initial public offering (IPO) was on 27 September 2023
What is WK Kellogg Co website?
https://www.wkkellogg.com
Is WK Kellogg Co in the S&P 500?
No, WK Kellogg Co is not included in the S&P 500 index
Is WK Kellogg Co in the NASDAQ 100?
No, WK Kellogg Co is not included in the NASDAQ 100 index
Is WK Kellogg Co in the Dow Jones?
No, WK Kellogg Co is not included in the Dow Jones index
When was WK Kellogg Co the previous earnings report?
No data
When does WK Kellogg Co earnings report?
The next expected earnings date for WK Kellogg Co is 07 November 2024