Consumer
Kellogg Beats on Profit Despite ‘Challenging’ Environment
- Profit tops expectations as sales fall, missing estimates
- Cereal maker forecast revenue for 2025 to decline about 1%
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WK Kellogg Co. posted fourth-quarter profit that topped Wall Street’s expectations, even as the cereal maker called out challenges weighing on sales.
The company also said revenue would decline about 1% this year. Analysts on average had projected a drop of 0.7%. The company said adjusted 2025 profit would be a range of $286 million to $292 million. Wall Street had called for $288.5 million.