Connect with us

Hi, what are you looking for?

Uncategorized

Newly spun-off WK Kellogg beats revenue estimates on strong cereal demand

© Reuters. Kellogg’s cold cereal products are pictured in a market after Kellogg Company announced it would split into three independent companies, in the latest U.S. corporate overhaul aimed at simplifying its structure and sharpening its focus on the snack busine

(Reuters) – WK Kellogg (NYSE:) Co, the recently spun-off North American cereal business of Kellanova, beat Wall Street targets for third-quarter sales on Wednesday, as demand for its products withstood higher prices.

Home to cereal brands including Kellogg’s, Froot Loops and Rice Krispies, WK Kellogg reported sales of $692 million for the quarter ended Sept. 30, compared with analysts’ expectations of $666.3 million, according to LSEG data.

The company also forecast full-year 2023 adjusted sales in the range of $2.72 billion to $2.74 billion, slightly ahead of its prior guidance.

Kellanova, formerly called Kellogg, also posted better-than-expected quarterly net sales of $3.94 billion.

Read the full article here

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Uncategorized

Content Avalon Slot: Welche person steckt hinter Novoline bzw. wem gehört Novoline? Genieße folgende große Selektion an erstklassigen Slots! Spielothek-Erster Drittens gibt parece wieder...

News

В 2010 году Лас-Вегас стал свидетелем одного из самых дерзких ограблений в истории азартных игр. 14 декабря, группа из четырех человек, вооруженных огнестрельным оружием,...

Uncategorized

Content Create people position programs in reality shell out a real income? Manage any online harbors pay real cash? Player’s commission is actually put...

Uncategorized

Articles As to the reasons Favor Bodog To experience Slot Online game Sports celebrity and joint wagers Reset Code Football Fortunes The website is...