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Dec 28, 2024
Kellogg's Q4 2024 Earnings Report
Reported financial results for the fourth quarter and full year 2024, and provided 2025 guidance.
Key Takeaways
WK Kellogg Co's fourth quarter net sales were $640 million, a 1.8% decline year-over-year. The fourth quarter adjusted EBITDA was $57 million, a 7.5% increase year-over-year. The company provides 2025 organic net sales growth guidance of approximately (1)% and 2025 adjusted EBITDA growth guidance of 4% to 6%.
Full year 2024 reported net sales decreased 2.0% year-over-year.
Full year 2024 adjusted net sales decreased 1.1% year-over-year when compared to standalone adjusted net sales.
Full year 2024 reported net income decreased 34.5% year-over-year.
Full year 2024 adjusted EBITDA grew 6.6% year-over-year when compared to standalone adjusted EBITDA.
Kellogg's
Kellogg's
Forward Guidance
WK Kellogg Co is providing the following 2025 financial guidance. 2025 organic net sales growth is projected to be approximately (1.0)%. 2025 adjusted EBITDA growth is projected to be 4.0% to 6.0%.