WK Kellogg Co. (KLG) reported Tuesday net income for the fourth quarter of $15 million or $0.18 per share, compared to a net loss of $152 million or $1.77 per share in the prior-year quarter.
Net sales for the quarter declined to $651 million from $676 million in the same quarter last year.
On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.21 per share on revenues of $645.87 million for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2024, the company now projects adjusted net sales to be between a 1 percent decline and 1 percent growth. Adjusted EBITDA growth is projected to be 3.0 to 5.0 percent. The Street is currently looking for a net sales decline of 1.2 percent to $2.70 billion for the year.
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May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.