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Cereal Maker WK Kellogg Sticks To Annual Outlook Post Q1 Beat: Details

WK Kellogg Co (NYSE:KLG) reported a first-quarter FY24 sales decline of 1.9% year-on-year to $707 million, beating the analyst consensus estimate of $697.792 million. Gross profit increased 12.7% to $203 million, with the margin expanding from 25% to 28.7%. Operating income for the quarter jumped 91.6% to $46 million, with an operating margin of 6.5%. Adjusted EBITDA increased 8.7% ...