WK Kellogg (KLG) Company Report

The Ferrero Group completed its acquisition of WK Kellogg Co on September 26, 2025, making WK Kellogg Co a wholly owned subsidiary of Ferrero.
WK Kellogg Co shareowners received $23.00 in cash for each share of common stock they owned.
The aggregate purchase price paid for all outstanding shares was approximately $1.99 billion.
As a result of the acquisition, WK Kellogg Co has ceased trading and will no longer be listed on the New York Stock Exchange.
Concurrently with the closing, WK Kellogg Co terminated its Credit Agreement and repaid all outstanding indebtedness and other obligations.

Sep 26, 2025, 5:09 PM

WK Kellogg Co Announces Q2 2025 Results and Acquisition by Ferrero

KLG

Earnings

M&A

Guidance Update

WK Kellogg Co reported its second quarter 2025 financial results.
The company announced a definitive agreement for the Ferrero Group to acquire WK Kellogg Co for $23.00 per share in cash, with the transaction expected to close in the second half of 2025.
Due to the pending acquisition, WK Kellogg Co has suspended its financial guidance for full year 2025.
For Q2 2025, reported net sales were $613 million and reported net income was $8 million.

Aug 7, 2025, 12:00 AM

WK Kellogg Co to be Acquired by Ferrero

KLG

M&A

Takeover Bid

The Ferrero Group has entered into a definitive agreement to acquire WK Kellogg Co for $23.00 per share in cash, representing a total enterprise value of $3.1 billion.
The acquisition includes the manufacturing, marketing, and distribution of WK Kellogg Co's breakfast cereals across the United States, Canada, and the Caribbean.
The transaction is subject to shareowner and regulatory approvals and is currently expected to close in the second half of 2025.
WK Kellogg Co announced preliminary second quarter 2025 net sales are expected to be in the range of $610 million to $615 million and adjusted EBITDA in the range of $43 million to $48 million for the quarter ended June 28, 2025.

Jul 10, 2025, 12:52 PM

WK Kellogg Co Q1 2025 Results and Outlook Update

KLG

Earnings

Guidance Update

Profit Warning

WK Kellogg Co reported Q1 results with net sales of $663 million, marking a 6.2% decline YoY and a 45.5% drop in net income, which highlights significant margin pressure.
The report noted a 5.6% decrease in organic net sales and a 4.0% decline in adjusted EBITDA, indicating softer business performance.
Management observed a 3.0% improvement in price/mix despite an 8.6% drop in volume, reflecting ongoing challenges in consumer demand and retailer inventory timing.
The company updated its 2025 guidance, lowering expected organic net sales growth to (2.0)% to (3.0)% and adjusted EBITDA growth to flat to (2.0)%.
A live webcast Q&A session with analysts is scheduled for May 6, 2025 at 10:00 a.m. Eastern Time to discuss these results and outlook further.

May 6, 2025, 12:00 AM

Earnings Transcripts

Quarterly earnings call transcripts for WK Kellogg.

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