Cereal Maker WK Kellogg Records 2% Decline In Q3 Revenue; Reaffirms Financial Outlook

  • By Grand News Network
  • |
  • November 8, 2023

WK Kellogg Co (NYSE: KLG) reported a third-quarter FY23 sales decline of 1.9% year-on-year to $692 million, reflecting price elasticities that were anticipated. Standalone adjusted net sales fell 1.9% to $684 million.

On October 2, 2023, Kellogg Company completed the separation of its North America cereal business, resulting in two independent companies, Kellanova (NYSE: K) (formerly Kellogg Company) and WK Kellogg.

Selling, general and administrative expenses increased 7.2% ...

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