WK Kellogg down after cutting annual sales, profit forecasts

WK Kellogg Co

06/05/2025 13:30

** 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

 (Reporting by Neil J Kanatt in Bengaluru)

 ((Neil.JKanatt@thomsonreuters.com;))