UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-41755 WK Kellogg Co (Exact name of registrant as specified in its charter) Delaware 92-1243173 (State or other jurisdiction of incorporation or organization) (IRS Employer Identification No.) For the quarterly period ended March 29, 2025 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECUR ...

WK Kellogg Co (KLG) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Company Participants Karen Duke - Vice President Finance and Investor RelationsAndrew Lazar - Managing DirectorGary Pilnick - Chairman & CEODavid McKinstray - Chief Financial OfficerKen Goldman - Managing DirectorMegan Clapp - Executive DirectorPeter Galbo - Director - Equity ResearchRobert Moskow - Managing Director Operator Hello, and welcome to WK Kellogg Co. To report First Quarter Results May 6. My name is Harry, and I will be your ope ...

WK Kellogg (KLG) came out with quarterly earnings of $0.20 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -51.22%. A quarter ago, it was expected that this company would post earnings of $0.25 per share when it actually produced earnings of $0.42, delivering a surprise of 68%.Over the last four quarters, the company has surp ...

WK Kellogg Co (KLG) Q1 2025 Earnings Call May 06, 2025 10:00 AM ET Speaker0 Hello, and welcome to WK Kellogg Co. To report First Quarter Results May 6. My name is Harry, and I will be your operator today. All lines are currently in a listen only mode, and there will be an opportunity for Q and A after management's prepared remarks. I I would now like to hand the conference over to Karen Duke, Vice President of Investor Relations. Thank you. Please go ahead. Speaker1 Thank you, Harry, and good morning, every ...

Q1 2025 EARNINGS May 6, 2025 Forward-Looking Statements This presentation contains a number of forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include predictions of future results or activities and may contain the words "expect," "believe," "will," "can," "anticipate," "estimate," "project," "should," "would," or words or phrases of similar meaning. You are cautioned not to rely on these forward- ...

Financial Performance - Reported net sales for Q1 2025 were $663 million, a decrease of 6.2% year-over-year[5] - Organic net sales decreased by 5.6% year-over-year, driven by reduced retailer inventory and weaker consumption trends[5] - Reported net income was $18 million, reflecting a 45.5% decline year-over-year due to restructuring costs related to supply chain modernization[6] - Adjusted EBITDA for Q1 2025 was $72 million, a decrease of 4.0% year-over-year[6] - Net income for the year-to-date period ended March 29, 2025, was $18 million, a decrease of 45.5% compared to $33 million for the same period in 2024[26] - Adjusted EBITDA for the quarter ended March 29, 2025, was $72 million, compared to $75 million for the same quarter in 2024, indicating a decrease of 4%[35] Guidance and Projections - The company has lowered its 2025 organic net sales growth guidance to a range of (2.0)% to (3.0)% from a previous estimate of ~(1.0)%[3] - Adjusted EBITDA growth guidance for 2025 has been revised to flat to (2.0)% from the prior range of 4.0% to 6.0%[3] - Projected adjusted EBITDA for the full year 2025 is estimated to be between $270 million and $275 million[10] Costs and Expenses - Restructuring costs in Q1 2025 amounted to $14 million, contributing to the decline in operating profit[25] - The company incurred $14 million in separation costs related to the Spin-Off for the quarter ended March 29, 2025[39] Cash Flow and Debt - Free cash flow for the year-to-date period was $(62) million, down from $1 million in the same period last year[26] - Net debt rose to $570 million as of March 29, 2025, compared to $495 million at the end of 2024[37] - Cash and cash equivalents decreased to $27 million at the end of the period, down from $40 million at the beginning of the period[27] Sales Composition - Price/mix increased by 3.0% in Q1 2025, while volume decreased by 8.6%[5] - Organic net sales decreased by 5.6% year-over-year, with a volume decline of 8.6% and a pricing/mix increase of 3.0%[28] Assets - Total assets increased to $2,016 million as of March 29, 2025, up from $1,962 million at the end of 2024[27] Tariffs Impact - The company anticipates a modest impact from tariffs on raw materials sourced outside North America[9]

BATTLE CREEK, Mich., May 6, 2025 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today reported financial results for its first quarter 2025 and updated its full year 2025 financial outlook.All documents will be posted to the company website including: the financial press release and tables, GAAP reconciliations, presentation slides, pre-recorded management remarks, and transcript at https://investor.wkkellogg.com/news-events/events-and-presentations/default.aspx.A Current Report on Form 8-K was furnished with t ...

Financial Data and Key Metrics Changes - The company reported a quarterly dividend of $0.01 per share, payable on June 13, 2025, with a record date of May 30, 2025, as part of its strategy to return value to shareholders [25]. Business Line Data and Key Metrics Changes - No specific data on individual business lines was provided during the meeting [17]. Market Data and Key Metrics Changes - No specific market data or key metrics changes were discussed in the meeting [17]. Company Strategy and Development Direction - The company is focusing on its "Feeding Happiness" sustainable business strategy, which aims to make eating well easy, help kids be their best, and better communities [20][22]. - The initiative "Mission Tiger" has reached over 2 million kids in more than 3,000 schools, promoting access to sports [22][23]. - The company emphasizes the importance of understanding its impact on people and the planet as essential for sustainable business practices [24]. Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's commitment to ethical, responsible, and sustainable operations, continuing the legacy of its founder [21][24]. - The company views itself as a "119-year-old startup," indicating a forward-looking approach and ongoing innovation [26]. Other Important Information - The meeting utilized a virtual format to enhance accessibility for shareholders [2]. - The board of directors recommended the reelection of three nominees and the approval of executive compensation, which were all approved by shareholders [19]. Q&A Session Summary - There were no questions or comments from shareholders regarding the proposals during the meeting [18].

BATTLE CREEK, Mich., May 1, 2025 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) today announced that its Board of Directors declared a dividend of $0.165 per share on the common stock of WK Kellogg Co, payable on June 13, 2025, to shareowners of record at the close of business on May 30, 2025. The ex-dividend date is May 30, 2025.About WK Kellogg Co At WK Kellogg Co, we bring our best to everyone, every day through our trusted foods and brands. Our journey began in 1894, when our founder W.K. Kellogg reimagined ...

The market expects WK Kellogg (KLG) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on ...