Business

Kellogg's Unveils Robust First Quarter Results for 2024 and Sets the Stage for a Positive Outlook

BATTLE CREEK, Mich., May 7, 2024 - In a highly anticipated announcement, WK Kellogg Co (NYSE: KLG), a mainstay in the global food industry, has released its first-quarter earnings for the year 2024. The company has made the detailed financial documents available to the public on its website, which includes the financial press release, extensive tables, GAAP reconciliations, as well as the presentation slides that shed light on their financial performance and strategic direction.

The comprehensive suite of documents can be accessed directly at Kellogg Company's Investor Relations website.

In tandem with the publication of its financial results, WK Kellogg Co has also submitted a Current Report on Form 8-K with the U.S. Securities and Exchange Commission (SEC). Interested stakeholders, analysts, and members of the public are invited to view the report on the SEC's website at www.sec.gov.

Engaging with Investors: Q1 2024 Conference Call and Webcast Details

WK Kellogg Co has scheduled a conference call for Tuesday, May 7, 2024, at 9:30 a.m. Eastern Time to discuss the recently disclosed financial outcomes of the first quarter, as well as the company's prospects and strategic outlook for the remainder of 2024. The discussion promises to be informative for investors and industry observers alike, providing insights into the company’s operational performance and future plans. Both the conference call and the associated presentation slides will be broadcast live over the internet, allowing for a broad participation. These can be accessed on the day of the conference call at http://investor.wkkellogg.com. Additionally, information concerning the rebroadcast can be found at the same web address, ensuring that those unable to attend the live event can still benefit from the insights shared.

A Century-Long Journey of Innovation and Commitment to Quality

Since the inception of WK Kellogg Co in 1894, the company has been at the forefront of innovation in the food sector. With the revolutionary creation of Corn Flakes by W.K. Kellogg, a new dawn for breakfast was established, and it has since become an integral part of morning routines across North America. The company has built a powerful portfolio that includes beloved brands such as Kellogg's Frosted Flakes®, Rice Krispies®, Froot Loops®, and Kashi®, among others.

These brands have found a place in the majority of households throughout North America, serving as a testament to their enduring appeal and the trust consumers place in the company. Beyond the mere act of nourishment, WK Kellogg Co's products have become a staple in promoting the physical, emotional, and societal well-being of consumers. Iconic brand mascots like Tony the Tiger® and Toucan Sam® go beyond marketing symbols; they embody the strong connection and commitment the company maintains with the communities and people it serves.

A Pioneering Sustainability Strategy: "Feeding Happiness™"

At the heart of WK Kellogg Co is its sustainable business strategy, "Feeding Happiness™", which embodies the organization's pledge to enhance the future of families, children, and communities at large. Their approach underscores an unwavering resolve to make a positive and meaningful impact while providing foods that spark joy and well-being. It is through these endeavors that WK Kellogg Co continues to shape not only the food industry but also contribute to a more sustainable and happier society.

For those interested in gaining a deeper understanding of WK Kellogg Co's mission and the "Feeding Happiness™" strategy, further information can be found at www.wkkellogg.com.

Strengthening the Bonds with Consumers and Society

WK Kellogg Co's journey of over a century has been defined by its dedication to delivering unparalleled quality to its customers every single day. Through the company's iconic brands, consistent innovation, and its ability to adapt to ever-changing consumer preferences, WK Kellogg Co has cemented its role as a leader in the food industry.

The vibrant brand characters, including Tony the Tiger® and Toucan Sam®, have become much more than familiar faces on cereal boxes; they symbolize the joy and excitement that WK Kellogg Co's products bring into people's lives. These characters also reflect the company's long-standing heritage and community-focused values, representing the deep-rooted bonds that WK Kellogg Co has built with generations of consumers.

Through "Feeding Happiness™", WK Kellogg Co is committed to leading the charge in creating healthier and happier families, bringing products to the table that are not only tasty but also crafted with a sense of responsibility towards people's well-being and the planet. As the company pledges to nourish communities globally, its strategy is also designed to respect and preserve the environment, showcasing its role as a responsible steward of the earth's resources.

In conclusion, WK Kellogg Co’s comprehensive announcement today lays the foundation for a deeper understanding of the company's robust financial health and forward-looking growth strategies. Given the legacy and impact of WK Kellogg Co, the forthcoming conference call is highly anticipated by investors and analysts keen to glean insights into the company’s strategic direction and how it plans to navigate the evolving landscape of the food industry.

Their holistic approach, combining consumer satisfaction, environmental sustainability, and innovative food solutions, positions WK Kellogg Co for continued success. As the company writes the next chapter of its storied history, it remains poised to face the challenges of the future while continuing to build on its record of excellence.

Solid Performance Anchored in Strong Values and Vision

WK Kellogg Co’s first-quarter results reflect a corporation that is not only performing well financially but is also unwavering in its commitment to societal contributions. For investors, analysts, and consumers alike, this blend of strong fiscal management and corporate social responsibility offers a reassuring signal of stability and future potential growth.

The company's next steps and financial trajectory will be under the spotlight during the upcoming investor conference call. As market dynamics and consumer tastes continue to evolve rapidly, the dialogue between WK Kellogg Co’s executives and the investment community will be an invaluable opportunity to discuss how the brand will continue to align its business operations with shifting trends and needs.

In the wake of these earnings disclosures, WK Kellogg Co stands as a shining example of an enterprise that remains true to its core values, fostering joy and well-being through its products while infusing positivity into its strategies for a sustainable future.

Moving Forward: WK Kellogg Co's Positive Outlook on 2024

With the year 2024 well underway, the outlined growth strategy and consumer-focused initiatives presented in the financial documents are likely to bolster WK Kellogg Co’s trajectory towards further success. As consumers gravitate towards brands that champion not only taste but also health and sustainability, the company's commitment to nourishing the world in a responsible way is expected to resonate strongly and drive growth.

The company's readiness to engage transparently with the investment community and its consumers speaks volumes about its confidence in the measures it has taken. Whether it is through novel product developments, marketing campaigns, or strategic corporate initiatives, WK Kellogg Co continues to exemplify leadership in building trust and fostering long-term relationships with all stakeholders.

The findings of the first-quarter results and the conversations that will ensue during the investor conference call will undoubtedly set the tone for Kellogg's performance expectations in the coming months. Their continuous effort to adapt and innovate, coupled with sustained financial prudence, ensures that WK Kellogg Co will undoubtedly remain at the forefront of the industry, leading the way for others to follow.

In an ever-changing global market, WK Kellogg Co exemplifies how a company with a rich history can continue to thrive by prioritizing consumer wellness, community engagement, and environmental sustainability. As it does so, the company not only secures its own future but also contributes to shaping a brighter, healthier world for generations to come.

For more details regarding the company's first-quarter results or to engage with the upcoming investor conference call, interested parties are encouraged to visit WK Kellogg Co's investor relations webpage to explore the wealth of information the company has made available.

As WK Kellogg Co paves its path forward, the planned announcement and results discussed affirm the company's position as an industry leader fully capable of meeting the challenges of today's business world while laying the groundwork for sustained achievement and societal contribution in the future.