WK Kellogg Co

23.00+0.00 (+0%)

Sep 25, 4:00:02 PM EDT · NYSE · KLG · USD

Upcoming Earnings

Report date

≈ Nov 6, 2025 (in 7 days)

Key Stats

Market Cap

1.99B

P/E (TTM)

67.65

Basic EPS (TTM)

0.34

Dividend Yield

0.03%

Recent Filings

8-K

Ferrero acquires WK Kellogg

9/26/25Sep 26, 2025

WK Kellogg Co completed its merger with Ferrero International S.A. on September 26, 2025, becoming a wholly owned indirect subsidiary after shareholders approved the deal on September 19. Shareholders received $23.00 per share in cash, totaling approximately $1.99 billion, while trading halted on the NYSE and the company terminated its credit agreement, repaying all outstanding debt. The acquisition bolsters Ferrero's North American growth by integrating WK Kellogg's iconic cereal brands. Delisting follows swiftly.

8-K

Merger nears shareholder vote

9/12/25Sep 12, 2025

WK Kellogg Co's merger with Ferrero International S.A. cleared a major hurdle on September 4, 2025, when the FTC granted early HSR Act termination, securing all required regulatory approvals. With a shareholder vote set for September 19, the deal eyes a close by end of September, pending approval and final conditions. Yet risks loom if shareholders balk. Forward-looking statements highlight uncertainties like potential termination fees.

8-K

Merger proxy supplements filed

9/9/25Sep 9, 2025

WK Kellogg filed supplemental disclosures on September 9, 2025, to address shareholder lawsuits alleging omissions in its proxy statement for the pending merger with Ferrero, set for shareholder vote on September 19. The updates detail financial projections like July 2025E revenue of $2,624 million and Adjusted EBITDA of $285 million, plus enhanced fairness opinions from Goldman Sachs and Morgan Stanley showing per-share values up to $29.67. Company denies merit in claims but adds info to moot them. Litigation risks could delay the deal.

8-K

Q2 Sales Drop Amid Merger

8/7/25Aug 7, 2025

WK Kellogg Co reported Q2 2025 net sales of $613 million, down 8.8% from $672 million last year, amid a tough operating environment, while advancing supply chain modernization. The pending $23 per share cash acquisition by Ferrero, announced July 10 and expected to close in H2 2025, prompted suspension of full-year guidance. Net income fell to $8 million. Deal risks include shareholder and regulatory approvals.

10-Q

Q2 FY2025 results

8/7/25Aug 7, 2025

WK Kellogg Co's Q2 net sales fell 8.8% y/y to $613M, driven by 8.1% volume decline amid price elasticity, while YTD sales dropped 7.5% to $1,276M; gross margin contracted 2.9 points to 27.2% from supply chain downtime and restructuring hits. Operating profit swung to $10M from $54M y/y, pressured by $14M restructuring costs for plant closures, yet net income held at $8M with diluted EPS of $0.09 on 88M shares, reconciling neatly. Cash climbed to $120M on $16M operating cash flow, but free cash flow turned negative at -$108M (derived) after $124M capex for supply chain upgrades; total debt rose to $743M under the Credit Facility, with $332M revolver availability. The July 10, 2025 merger agreement with Ferrero eyes $23/share cash deal, pending approvals. Sales volumes keep sliding.

About

WK Kellogg Co operates as a food company in the United States, Canada, Mexico, and the Caribbean. The company manufactures, markets, and distributes ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, Kashi, Corn Flakes, and Apple Jacks brand names. It serves supermarket chains, wholesalers, supercenters, club stores, mass merchandisers, distributors, convenience stores, drug stores, gasoline stations, value stores, online channels, and other retail food outlets through its own sales forces, broker, and distributor arrangements. The company was formerly known as North America Cereal Co. and changed its name to WK Kellogg Co in March 2023. The company was founded in 1894 and is headquartered in Battle Creek, Michigan.

CEO

Mr. Gary H. Pilnick J.D.

IPO

9/27/2023

Website

https://www.wkkellogg.com

Employees

3,280

Sector

Consumer Defensive

Industry

Packaged Foods