PR Newswire

The newsfeed available here is provided by our content partner PR Newswire. This is one of the most important and widest-reaching press services, providing news, press releases and multimedia content to the media, journalists and the public.
The NewsWire Hub ("X-Billboard") currently comprises four of the most important international news sources and is supplemented by a stock market information service. The individual newswire services complement each other and provide a complementary range of information, more than three quarters of the official news sources on which editors worldwide base their stock market reporting. Your advantage: You will find everything here in one overview. You can navigate to the individual sections using the control elements. In the terminal view, you can carry out individual searches at company level.
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PR Newswire is an important news source that can be accessed via the X-Billboard. It is part of the Newswire Hub, which bundles important international news sources for stock market participants in one central location. If you want to get a quick overview, you can easily scroll through the headlines. If you want to look at the news in more detail, you can use the detailed views of the info cards to directly access the respective news item and other analysis tools.
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US4878361082
State: 23.04.2025 | 5AM
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FIGI: BBG000BMKDM3
K
Kellogg Company
GICS: - · Sector: Consumer Defensive · Sub-Sector: Packaged Foods
NAME
Kellogg Company
ISIN
US4878361082
TICKER
K
MIC
XNYS
REUTERS
K.N
BLOOMBERG
K US
Wed, 09.08.2023       Kellogg
US4878361082

Kellogg Company remains on track to complete the previously announced separation during the fourth quarter of 2023At that time Kellogg Company will separate into Kellanova (NYSE: K) and WK Kellogg Co (NYSE: KLG), with existing Kellogg shareowners receiving shares in the new WK Kellogg CoKellanova will feature a growth-oriented portfolio that is weighted toward snacks and emerging markets, and is led by highly differentiated brands with considerable opportunity for expansion; it projects net sales of approximately $13.4-13.6 billion and adjusted-basis EBITDA1 of approximately $2.25-2.3 billion3 in 2024Kellanova expects to deliver long-term annual growth rates of 3-5% for net sales (organic basis), 5-7% for operating profit (currency neutral and adjusted basis), and 7-9% for earnings per share (currency neutral and adjusted basis), including in 2024 on a like-for-like basis excluding WK Kellogg CoBuilding on a foundation of iconic brands and a leading share position in North American cereal, WK Kellogg Co will focus and integrate its commercial execution and modernize its supply chain, which it expects will result in improved competitiveness, profitability, and cash flow; it projects net sales of approximately $2.7 billion and adjusted-basis EBITDA1 of approximately $255-265 million3 in 2024Over the next three years, WK Kellogg Co expects to improve its adjusted-basis EBITDA margins by 500 basis points3 by the end of 2026, through supply chain modernization and a stable top-line trajectory
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Note: The newswire cross-link panel at the top allows you to quickly and easily access additional sources of information. In the terminal view, the news is filtered at company level and enables targeted searches.

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