NYSE$KLG
WK Kellogg Co · Q2 2024 earnings
Q2 2024 earnings · · Investor relations
Briefing
WK Kellogg Co's second quarter results were announced, revealing a slight year-over-year decline in net sales but an increase in net income, alongside updates to its supply chain modernization plan.
WK Kellogg Co reported a 3.9% decline in reported net sales and a 2.7% decline in adjusted net sales year-over-year. Reported net income increased by 14.8%, while adjusted EBITDA decreased by 11.4%. The company reaffirmed its 2024 adjusted net sales and adjusted EBITDA guidance, expecting net sales to be at the lower end of the range. Additionally, WK Kellogg Co announced further details of its supply chain modernization plan.
- Net sales declined by 3.9% year-over-year.
- Net income increased by 14.8% year-over-year.
- Adjusted EBITDA decreased by 11.4% year-over-year.
- Company reaffirms 2024 adjusted net sales and adjusted EBITDA guidance.
Headline financials
Revenue & EPS history
Kellogg's · Revenue · Quarterly
$672M
Forward guidance
WK Kellogg Co reaffirms the 2024 financial guidance provided on its fourth quarter 2023 earnings call and now expects 2024 adjusted net sales to be at the lower end of the guidance range.
Tailwinds
- 2024 Adjusted Net Sales growth is projected to be (1.0)% to 1.0%
- 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 Q2 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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