Kellogg Chalks Out FY24 & Long-Term Outlook For Kellanova And WK Kellogg
Portfolio Pulse from Lekha Gupta
Kellogg Co has disclosed its plans to separate into two public companies, Kellanova and WK Kellogg Co, by Q4 FY23. Kellanova is expected to deliver sales of $13.4 billion-$13.6 billion, adjusted-basis EBITDA of about $2.25 billion-$2.3 billion, and adjusted EPS of $3.55-$3.65 in 2024. WK Kellogg Co is expected to generate net sales of around $2.7 billion and adjusted-basis EBITDA of about $255 million-$265 million in 2024, with a cash dividend payout ratio of about 45%.
August 09, 2023 | 4:35 pm
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Kellogg Co's planned separation into Kellanova and WK Kellogg Co could potentially increase operational efficiency and shareholder value. The company's recent Q2 FY23 results beat analyst expectations.
The planned separation of Kellogg Co into two companies could potentially increase operational efficiency and shareholder value by allowing each entity to focus on its core business. The company's recent Q2 FY23 results, which beat analyst expectations, also indicate strong operational performance, which could positively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100