WK Kellogg up after Q1 sales tops expectations on higher prices

WK Kellogg Co

07/05/2024 14:04

** Shares of cereal maker WK Kellogg  KLG.N  up 1.5% at
$23.89 before the bell
    ** Company tops Q1 sales expectations, banking on higher
product prices which offset impact of slowing consumer demand 
    ** Co's prices rise by 6.3% but volume fell 7% in Q1
    ** Posts Q1 sales at $707 mln, above analysts' est of $697.8
mln - LSEG 
    ** Earns adj. EPS at 37 cents/shr vs est of 38 cents in qtr
ended March 30
    ** KLG up nearly 80% YTD, as of last close

 (Reporting by Annett Mary Manoj in Bengaluru)
 ((AnnettMary.Manoj@thomsonreuters.com))