
WK Kellogg Co reported fourth-quarter earnings that surpassed Wall Street's expectations with an adjusted earnings per share of $0.42, beating the estimate of $0.26. However, the company's sales of $640 million fell short of the anticipated $641.69 million, marking a decline of 1.8% in dollar terms and 5.6% in volume. Despite the sales miss, WK Kellogg's stock rose 6% following the announcement. The company attributed the sales decline to a challenging business environment and a weakening Canadian dollar. Looking ahead, WK Kellogg forecasted a 2025 adjusted profit between $286 million and $292 million, slightly below Wall Street's expectation of $288.5 million. The company has been restructuring its supply chain, including closing and downsizing factories, since its spin-off from Kellogg Co in October 2023.
🥫📉 Kraft Heinz Forecasts 2025 Profit Below Estimates Amid Weak Demand Tickers of interest: $KHC Full Story → https://t.co/jORnguQS7D https://t.co/R046YCSBIA
$KHC Earnings: - Diluted EPS was $1.76, up 188.5%; Adjusted EPS was $0.84, up 7.7% - Net sales decreased 4.1 percent versus the year-ago period to $6.6 billion - Operating Income decreased 103.1 percent versus the year-ago period to $(40) million as a result of non-cash… https://t.co/gmp5N599ew
KRAFT HEINZ Q424 EARNINGS: ADJ EPS: $0.84 (EST $0.78) || REVENUE: $6.6B (EST $6.67B) || ORGANIC REVENUE: -3.1% || SEES 2025 ADJ EPS BETWEEN $2.63 TO $2.74 (EST $3.05) || SEES 2025 ADJ OPER PROFIT BETWEEN -1% TO -4%