WK Kellogg (KLG) Q2 Earnings and Revenues Miss Estimates
WK Kellogg (KLG) came out with quarterly earnings of $0.25 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.36 per share a year ago.
Earnings Preview: WK Kellogg (KLG) Q2 Earnings Expected to Decline
WK Kellogg (KLG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Cerberus and Dean Metropoulos also made a bid for WK Kellogg, sources say
Private equity firm Cerberus Capital Management, which owns a stake in grocer Albertsons , and billionaire investor Dean Metropoulos teamed up in an unsuccessful bid for cereal maker WK Kellogg , according to three sources familiar with the matter.
Ferrero Set to Acquire WK Kellogg: Here's What the $3.1B Deal Means
Ferrero is set to acquire KLG for $3.1B in cash, marking its North America expansion and entry into the cereal market.
Kellogg's Stock Explodes On M&A Talk—Too Late To Buy?
WK Kellogg Co. (NYSE: KLG) jumped nearly 30% on July 10 following the announcement from Italian food leader Ferrero regarding a $3.1 billion acquisition, inclusive of debt. This all-cash transaction values WK Kellogg at $23 per share, representing an almost 40% premium over the 30-day volume-weighted average trading price, and is anticipated to finalize in the second half of 2025, subject to regulatory approvals.
Cereal giant WK Kellogg's shares surge 30% on $3B deal to be acquired by Ferrero Rocher owner
The deal brings legacy brands such as Nutella, Kinder, Tic Tac, Frosted Flakes, Froot Loops and Special K under one roof.
WK Kellogg shares soar as Nutella maker Ferrero readies $3bn bid
WK Kellogg shares soared 49% ahead of Thursday's opening bell in New York, after reports surfaced that Italian confectionery group Ferrero is close to acquiring the US cereal maker in a deal worth around $3 billion. The sharp rally, which sent shares to $26, comes as Ferrero looks to unite its brand portfolio with Kellogg's iconic brands such as Special K and Corn Flakes.
Kellogg shares surge over afterhours as Ferrero nears $3B deal
Shares of WK Kellogg Co. (NYSE: KLG) jumped more than 47% in afterhours trading on Wednesday following reports that Italian confectionery giant Ferrero is close to acquiring the US cereal maker for approximately $3 billion. According to sources cited by The Wall Street Journal, the deal could be finalized as soon as this week.
Cereal maker WK Kellogg shares jump 50% on report of possible $3 billion deal with Ferrero
The standalone cereal business WK Kellogg began trading in 2023.
WK Kellogg (KLG) Soars 7.0%: Is Further Upside Left in the Stock?
WK Kellogg (KLG) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn't suggest further strength down the road.
WK Kellogg: Hard-Pressed To Start My Investment Day With This Cereal Company
WK Kellogg's post-spin-off performance remains challenged, with persistent volume declines and only modest margin improvement despite ambitious turnaround plans. Shares have rallied over 30% since late 2023, but this re-rating appears disconnected from underlying fundamentals, as sales and cash flow trends remain negative. Leverage has increased due to weak cash generation and continued high dividends, raising financial risk amid ongoing operational softness.
WK Kellogg Co (KLG) Q1 2025 Earnings Call Transcript
WK Kellogg Co (NYSE:KLG ) Q1 2025 Results Conference Call May 6, 2025 10:00 AM ET Company Participants Karen Duke - VP, Investor Relations Gary Pilnick - Chairman & Chief Executive Officer David McKinstray - Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Megan Clapp - Morgan Stanley Peter Galbo - Bank of America Robert Moskow - TD Securities Operator Hello, and welcome to WK Kellogg Co to report First Quarter Results May 6. My name is Harry, and I will be your operator today.
