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WK Kellogg Co (KLG)
NYSE:KLG
US Market
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WK Kellogg Co (KLG) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date
Feb 18, 2025
TBA Not Confirmed
Period Ending
2024 (Q4)
Consensus EPS Forecast
$0.26
Last Year’s EPS
$0.3
Same Quarter Last Year
Moderate Sell
Based on 6 Analysts Ratings
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Earnings Call Summary

Earnings Call Date:Nov 07, 2024
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% Change Since: 4.67%
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Next Earnings Date:Feb 18, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a positive sentiment overall, with significant EBITDA growth and substantial improvements in gross margins and supply chain performance. Although there are challenges with the Special K brand and the overall decline in the U.S. cereal category, the company showed strong performance in key markets like Canada and successfully launched new products. The reaffirmation of sales guidance and increased EBITDA guidance further supports a positive outlook.
Company Guidance
During the Q3 2024 earnings call, WK Kellogg Co provided guidance affirming their 2024 net sales outlook, projecting it to be at the lower end of the range from a decline of 1% to an increase of 1% compared to the previous year. The company also raised their full-year EBITDA growth guidance to a range of 5% to 6%, up from the prior 3% to 5% range, citing robust operational execution and improved supply chain performance. The reported Q3 net sales increased by 0.7% and the gross margin expanded by 90 basis points to 29.4%. Additionally, EBITDA for the quarter rose by 27.5% year-over-year, fueled by enhanced commercial activation and operational discipline. The company highlighted a leverage ratio of 1.6x, with expectations to peak around 3x in 2026 due to supply chain modernization investments.
Net Sales Growth
For the quarter, net sales increased 0.7%, driven by a balance of improving volume and price realization.
Gross Margin Expansion
Gross margin for the quarter was 29.4%, a 90 basis point increase versus last year.
EBITDA Growth
EBITDA grew 27.5% in the quarter versus prior year.
Market Share Gains in Canada
For the year, Canada increased their market leading position by 110 basis points to 38.8%.
U.S. Brand Performance
5 of the Core 6 brands grew or maintained share, with Frosted Flakes and Raisin Bran being among the fastest-growing brands.
Successful Halloween Innovation
The 'Wednesday' cereal was the highest velocity innovation item in the category during the third quarter.
Supply Chain Improvements
Significant improvements in service levels and supply chain performance were noted.
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WK Kellogg Co (KLG) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

KLG Earnings History

Report Date
Fiscal Quarter
Forecast / EPS
Last Year's EPS
EPS YoY Change
Press Release
Slides
Play Transcript
Feb 18, 20252024 (Q4)
0.26 / -
0.302
Nov 07, 20242024 (Q3)
0.26 / 0.31
0.384-19.27% (-0.07)
Aug 06, 20242024 (Q2)
0.41 / 0.49
0.72-32.08% (-0.23)
May 07, 20242024 (Q1)
0.38 / 0.37
0.27932.62% (+0.09)
Feb 13, 20242023 (Q4)
0.21 / 0.30
-1.767117.09% (+2.07)
Nov 08, 20232023 (Q3)
0.26 / 0.38
0.26942.75% (+0.11)
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KLG Earnings-Related Price Changes

Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Nov 07, 2024$16.72$19.50+16.63%
Aug 06, 2024$17.10$15.91-6.96%
May 07, 2024$22.96$23.67+3.09%
Feb 13, 2024$12.16$13.15+8.14%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ

When does WK Kellogg Co (KLG) report earnings?
WK Kellogg Co (KLG) is schdueled to report earning on Feb 18, 2025, TBA Not Confirmed.
    What is WK Kellogg Co (KLG) earnings time?
    WK Kellogg Co (KLG) earnings time is at Feb 18, 2025, TBA Not Confirmed.
      Where can I see when companies are reporting earnings?
      You can see which companies are reporting today on our designated earnings calendar.
        What companies are reporting earnings today?
        You can see a list of the companies which are reporting today on TipRanks earnings calendar.
          What is KLG EPS forecast?
          KLG EPS forecast for the fiscal quarter 2024 (Q4) is $0.26.
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