J.P. Morgan analyst Ken Goldman rated WK Kellogg (NYSE:KLG) Neutral with a $19 price target after Q1 EPS of $0.20 missed estimates. Revenue fell short at $663M vs. $679.49M forecast. KLG cut its 2025 outlook, projecting a 2–3% drop in organic net sales and flat to lower EBITDA. Ongoing cereal category struggles, rising capex, and tariff risks justify a valuation discount, the analyst noted.
For Q1, the company earned $0.20 per share, on an adjusted basis, on $663 million in revenue, which rose 6.2%. Both the top and bottom lines missed analysts' estimates.
WK Kellogg reported fourth-quarter adjusted EPS of 42 cents, beating the street view of 26 cents. Quarterly sales of $640 million (down 1.8%) missed the analyst consensus estimate.
Robert F. Kennedy Jr. is a vocal opponent of artificial food dyes, blaming them in part for the "chronic disease epidemic" in America. He may get the opportunity to bring major changes to the U.S. food industry under the incoming Trump administration.
