WK Kellogg Now Sees 2024 Adjusted Net Sales Growth Of (1.0)%-1.0%, Adjusted EBITDA Growth To Be 3.0%-5.0%
Portfolio Pulse from Benzinga Newsdesk
WK Kellogg has updated its financial guidance for 2024, now expecting adjusted net sales growth to range between a decrease of 1.0% and an increase of 1.0%, and adjusted EBITDA growth to be between 3.0% and 5.0%, surpassing the outlook shared at Investor Day.
February 13, 2024 | 1:08 pm
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WK Kellogg has revised its 2024 financial guidance, indicating a potential adjusted net sales growth ranging from -1.0% to 1.0% and an adjusted EBITDA growth of 3.0% to 5.0%.
The updated financial guidance from WK Kellogg suggests a positive outlook for the company's performance in 2024, with a potential for growth in both net sales and EBITDA. This revision surpasses previous expectations set during Investor Day, indicating a stronger financial position and operational efficiency. Investors may view this update as a positive signal, potentially leading to increased investor confidence and a positive impact on the stock price in the short term.
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