BUZZ-WK Kellogg rises after beating quarterly profit estimate
ReutersFeb 11, 2025 1:35 PM
Shares of Froot Loops maker WK Kellogg KLG.N up ~4% at $17 premarket
Co beats quarterly profit owing to higher product prices
Logs quarterly adj. profit of 42 cents per share, above analysts' estimate of 26 cents per share - data compiled by LSEG
KLG's quarterly net income rose 26.7% to $19 mln from a year ago
Expects fiscal 2025 adj. EBITDA growth in the range of 4% to 6% vs 3% growth reported in fiscal 2024
KLG says its fiscal 2025 forecast does not include any impact from potential tariffs with Mexico and Canada
Co posts fourth-quarter revenue of $640 million vs estimate of $641.7 million
KLG rose about 37% in 2024
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