NYSE$KLG
WK Kellogg Co · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
Announced first quarter financial results and reaffirmed 2024 guidance.
WK Kellogg Co reported first quarter net sales of $707 million, a decrease of 1.9% year-over-year. Net income grew 37.5% to $33 million, resulting in a net income margin of 4.7%. The company reaffirmed its 2024 adjusted net sales and adjusted EBITDA guidance.
- Reported net sales decreased 1.9% year-over-year to $707 million.
- Adjusted net sales decreased 0.8% year-over-year on a standalone basis to $707 million.
- Reported net income grew 37.5% year-over-year to $33 million, resulting in a reported net income margin of 4.7%.
- Adjusted EBITDA grew 13.6% year-over-year on a standalone basis to $75 million, resulting in an adjusted EBITDA margin of 10.6%.
Headline financials
Revenue & EPS history
Kellogg's · Revenue · Quarterly
$707M
Forward guidance
WK Kellogg Co reaffirmed the 2024 financial guidance provided on our fourth quarter 2023 earnings call. 2024 Adjusted Net Sales growth is projected to be (1.0)% to 1.0% and 2024 Adjusted EBITDA growth is projected to be 3.0% to 5.0%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 10 quarterly earnings reports · overlaid with Q1 2024
+0.3%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+8.2%
Avg return
30 days after
31%
4 / 13 earnings
Positive
+14.2%
Q4 2023
Best reaction
-6.7%
Q1 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -0.0% | -0.8% | -1.0% | |
| Q1 2025 | +3.2% | -2.1% | -10.0% | |
| Q4 2024 | +3.9% | +21.3% | +23.1% | |
| Q3 2024 | +7.2% | +4.2% | +21.2% | |
| Q2 2023 | -4.1% | -2.0% | +6.3% | |
| Q2 2024 | -4.1% | -2.0% | +6.3% | |
| Q1 2024 | -6.7% | -5.7% | -22.4% | |
| Q1 2023 | -6.7% | -5.7% | -22.4% | |
| Q1 2022 | +0.0% | +8.7% | +38.6% | |
| Q4 2023 | +14.2% | +20.0% | +26.5% | |
| Q4 2022 | -1.0% | +1.9% | +13.3% | |
| Q3 2023 | -1.0% | +1.9% | +13.3% | |
| Q3 2022 | -1.0% | +1.9% | +13.3% | |
| Q2 2022 | — | — | — |
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