financetom
Business
financetom
/
Business
/
Froot Loops maker WK Kellogg reports downbeat quarterly results on demand decline
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Froot Loops maker WK Kellogg reports downbeat quarterly results on demand decline
Aug 7, 2025 5:41 AM

Aug 7 (Reuters) - WK Kellogg reported

second-quarter results below estimates on Thursday, hurt by soft

demand for its packaged breakfast cereal amid macroeconomic

uncertainty.

Customers have cut back spending on branded packaged food

and are seeking cheaper alternatives at private-label brands

amid pressures on consumer spending driven by U.S. President

Donald Trump's fluctuating tariff policies.

The cereal maker agreed to be bought by the Italian owner of

Ferrero Rocher in a deal worth around $3.1 billion in July, and

the Battle Creek, Michigan-based company continues to expect the

deal to close in the second half of 2025.

Net sales for the quarter ended June 28 fell 8.8% to $613

million, missing estimates of $622.1 million, according to data

compiled by LSEG.

The company reported earnings per share of 9 cents, below

estimates of 24 cents.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Market Chatter: Chime Financial Plans US Listing Next Year
Market Chatter: Chime Financial Plans US Listing Next Year
Mar 22, 2024
04:30 PM EDT, 03/22/2024 (MT Newswires) -- Chime Financial is planning to go public in 2025, Bloomberg reported Friday, citing source familiar with the situation. The fintech company is yet to hire banks for the expected IPO, the report said. Bloomberg said that a Chime representative declined to comment. Chime didn't immediately respond to a request for comment by MT...
Looking At McDonald's's Recent Unusual Options Activity
Looking At McDonald's's Recent Unusual Options Activity
Mar 22, 2024
Whales with a lot of money to spend have taken a noticeably bullish stance on McDonald's. Looking at options history for McDonald's we detected 8 trades. If we consider the specifics of each trade, it is accurate to state that 62% of the investors opened trades with bullish expectations and 37% with bearish. From the overall spotted trades, 2 are...
Host Hotels & Resorts Insider Sold Shares Worth $591,959, According to a Recent SEC Filing
Host Hotels & Resorts Insider Sold Shares Worth $591,959, According to a Recent SEC Filing
Mar 22, 2024
04:31 PM EDT, 03/22/2024 (MT Newswires) -- James F Risoleo, Director, President and CEO, on March 21, 2024, sold 28,136 shares in Host Hotels & Resorts ( HST ) for $591,959. Following the Form 4 filing with the SEC, Risoleo has control over a total of 2,225,577 shares of the company, with 2,225,577 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1070750/000107075024000101/xslF345X03/edgardoc.xml Price:...
Accenture May Gain From AI Opportunities Despite Macro Challenges, RBC Says
Accenture May Gain From AI Opportunities Despite Macro Challenges, RBC Says
Mar 22, 2024
04:30 PM EDT, 03/22/2024 (MT Newswires) -- Accenture ( ACN ) is grappling with a difficult macro environment, but its unique position to provide digital transformation at scale and its balanced capital redeployment support a higher valuation, RBC Capital Markets said in a report emailed Friday. The brokerage said it reduced its fiscal 2024 and 2025 estimates following the company's...
Copyright 2023-2026 - www.financetom.com All Rights Reserved