WK Kellogg Co KLG shares are trading lower on Tuesday.
WK Kellogg reported fourth-quarter adjusted revenues per share of 42 cents, beating the street view of 26 cents. Quarterly sales of $640 million (down 1.8%) missed out on the expert agreement quote of $641.69 million.
In the 4th quarter, price/mix increased by 3.8%, however volume visited 5.6%. The net sales decrease was because of a hard organization environment and the weak Canadian Dollar versus the U.S. Dollar.
The business reported adjusted EBITDA of $57 million, up 7.5% year over year. Changed EBITDA margin broadened to 8.9% from 8.2%.
4th quarter reported earnings was $19 million, a 26.7% boost year-over-year. These boosts show enhanced efficiency and decreased waste within its supply chain operations.
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WK Kellogg left the quarter with money and equivalents worth $40 million and stocks worth $353 million. Long-lasting financial obligation since quarter end stood at $460 million.
As formerly revealed on February 6 2025, the business authorized a 3% boost in its quarterly dividend to $0.165, up from $0.16 per share.
The dividend will be paid on March 14 to investors of record on February 28.
Outlook: Kellogg’s 2025 natural net sales are anticipated to decrease by about 1.0%. Changed EBITDA development for 2025 is forecasted to be in between 4.0% and 6.0%.
Cost Action: KLG shares are trading lower by 0.67% to $16.20 at last check Tuesday.
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