WK Kellogg down after cutting annual sales, profit forecasts

Shares of Froot Loops maker WK Kellogg KLG.N down 4% at $16.66 premarket

Co expects 2025 organic net sales to fall between 2% to 3%, compared to prior forecast of a decline of 1%

Also sees a flat to 2% decline in 2025 adjusted core profit vs. previous expectations of a 4% to 6% rise

Cites weaker-than-expected consumption trends, says forecast includes a modest impact from tariffs

Co reports Q1 net sales and EPS below analysts' estimates; quarterly net sales fell 6.2%

KLG has fallen 3.5% YTD, as of last close