Tearsheet

WK Kellogg (KLG)

Market Price (9/30/2025): $23.0 | Market Cap: $2.0 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

WK Kellogg (KLG)

Market Price (9/30/2025): $23.0
Market Cap: $2.0 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats

Investment Highlights

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, Dividend Yield is 2.8%	Trading close to highs Dist 52W High is -1.5%	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x, P/EPrice/Earnings or Price/(Net Income) is 43x
1			Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.3%, Rev Chg QQuarterly Revenue Change % is -8.8%
2			Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6%

0	Attractive yield Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 5.2%, Dividend Yield is 2.8%
1	Trading close to highs Dist 52W High is -1.5%
2	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 29x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 23x, P/EPrice/Earnings or Price/(Net Income) is 43x
3	Weak revenue growth Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -4.3%, Rev Chg QQuarterly Revenue Change % is -8.8%
4	Not cash flow generative FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -4.6%

Market Valuation

	9/30/25	2024	2023	2022	2021
Share Price CYE	$23.00	$17.54	$12.36
Market Cap CYE ($ Bil)	2.0	1.5	1.0	-	-
Total Debt ($ Bil)	0.9	0.6	0.5	0.0	0.0
Total Cash ($ Bil)	0.1	0.0	0.1	0.0	0.0
Enterprise Value ($ Bil)	2.7	2.1	1.5
Valuation Ratios
P/S TTM	0.8	0.6	0.4	0.0	0.0
P/EBIT TTM	28.7	12.3	7.1	0.0	0.0
P/E TTM	43.0	19.1	10.0	0.0	0.0
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9	0.9	1.6
P/EBIT TTM (Sector)	8.3	8.9	10.0	9.4	11.6
P/E TTM (Sector)	12.4	12.1	14.0	11.6	16.3

	9/30/25	2024	2023
Share Price CYE	$23.00	$17.54	$12.36
Market Cap CYE ($ Bil)	2.0	1.5	1.0
Total Debt ($ Bil)	0.9	0.6	0.5
Total Cash ($ Bil)	0.1	0.0	0.1
Enterprise Value ($ Bil)	2.7	2.1	1.5
Valuation Ratios
P/S TTM	0.8	0.6	0.4
P/EBIT TTM	28.7	12.3	7.1
P/E TTM	43.0	19.1	10.0
Sector Ratios
P/S TTM (Sector)	0.9	0.9	0.9
P/EBIT TTM (Sector)	8.3	8.9	10.0
P/E TTM (Sector)	12.4	12.1	14.0

Stock Price
Market Cap

Return (1M):

Business Description

WK Kellogg Co operates as a food company in the United States, Canada, and the Caribbean. It offers ready-to-eat cereal products primarily under the Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, and Kashi brands. The company was formerly known as North America Cereal Co. Show more

Price Returns Compared

Expand for Detailed View

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
KLG Return	-	-	-	-	42%	31%	86%
Peers Return	4%	13%	13%	-19%	2%	-19%	-12%
S&P 500 Return	16%	27%	-19%	24%	23%	13%	106%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: GIS, K, FLO, WEST, BRBF.
[3] 2025 data is for the year up to 9/29/2025 (YTD)

Better Bets than WK Kellogg (KLG)

	KLG	Better Performance than KLG
Metric	Value	Industry (Packaged Foods & Meats)
Rev Chg LTM	-4.3%	MDLZ (3.1%), HSY (2.5%), JBS (41.6%), KHC (-3.8%), K (-2.7%)
Op Mgn LTM	5.5%	MDLZ (13.1%), HSY (19.1%), JBS (6.1%), KHC (20.4%), K (15.1%)
CFO/Rev LTM	3.3%	MDLZ (11.2%), HSY (19.0%), JBS (3.7%), KHC (17.4%), K (12.0%)
FCF/Rev LTM	-4.6%	MDLZ (7.7%), HSY (14.0%), JBS (1.7%), KHC (13.8%), K (6.8%)
Total Yield	5.2%	MDLZ (7.5%), HSY (7.0%), JBS (81.5%), K (7.6%), GIS (15.8%)

	KLG	Better Performance than KLG
Metric	Value	Sector (Consumer Staples)
Rev Chg LTM	-4.3%	WMT (4.2%), COST (5.9%), PG (0.3%), KO (1.3%), PM (7.2%)
Op Mgn LTM	5.5%	PG (24.3%), KO (30.6%), PM (36.4%), PEP (13.5%), UL (14.4%)
CFO/Rev LTM	3.3%	WMT (5.5%), COST (4.6%), PG (21.1%), PM (26.6%), PEP (13.3%)
FCF/Rev LTM	-4.6%	WMT (2.0%), COST (2.7%), PG (16.7%), KO (-1.5%), PM (23.0%)
Total Yield	5.2%	KO (7.3%), PM (6.5%), PEP (7.8%), BUD (5.8%), MO (14.2%)

	KLG	Better Performance than KLG
Metric	Value	All Other Sectors
Rev Chg LTM	-4.3%	NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Op Mgn LTM	5.5%	NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM	3.3%	NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM	-4.6%	NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield	5.2%	BRK-B (5.8%), JPM (6.4%), XOM (9.8%), JNJ (8.0%), BABA (35.1%)

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	WK Kellogg (KLG) Debt Comparison	Financials
2	WK Kellogg (KLG) Net Income Comparison	Financials
3	WK Kellogg (KLG) Operating Cash Flow Comparison	Financials
4	WK Kellogg (KLG) EBITDA Comparison	Financials
5	WK Kellogg (KLG) Operating Income Comparison	Financials
6	WK Kellogg (KLG) Tax Expense Comparison	Financials
7	WK Kellogg (KLG) Revenue Comparison	Financials
8	Why WK Kellogg Stock Moved: KLG Stock Has Gained 86% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
9	Day 7 of Gains Streak for WK Kellogg Stock with 39% Return (vs. 33% YTD) [7/17/2025]	Notification
10	Day 6 of Gains Streak for WK Kellogg Stock with 37% Return (vs. 31% YTD) [7/16/2025]	Notification
11	ARTICLES
12	KLG Stock Up 39% after 7-Day Win Streak		July 18th, 2025
13	Small Cap Stocks Trading At 52-Week High		July 18th, 2025
14	KLG Stock Up 37% after 6-Day Win Streak		July 17th, 2025
15	KLG Stock Up 37% after 5-Day Win Streak		July 16th, 2025

	Title
0	DASHBOARDS
1	KLG Stock Up 39% after 7-Day Win Streak
2	Small Cap Stocks Trading At 52-Week High
3	KLG Stock Up 37% after 6-Day Win Streak
4	KLG Stock Up 37% after 5-Day Win Streak
5	ARTICLES
6	WK Kellogg (KLG) Debt Comparison
7	WK Kellogg (KLG) Net Income Comparison
8	WK Kellogg (KLG) Operating Cash Flow Comparison
9	WK Kellogg (KLG) EBITDA Comparison
10	WK Kellogg (KLG) Operating Income Comparison
11	WK Kellogg (KLG) Tax Expense Comparison
12	WK Kellogg (KLG) Revenue Comparison
13	Why WK Kellogg Stock Moved: KLG Stock Has Gained 86% Since 2023 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)
14	Day 7 of Gains Streak for WK Kellogg Stock with 39% Return (vs. 33% YTD) [7/17/2025]
15	Day 6 of Gains Streak for WK Kellogg Stock with 37% Return (vs. 31% YTD) [7/16/2025]

Trade Ideas

Select past trade ideas related to KLG and Packaged Foods & Meats.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	STZ	Constellation Brands	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-20.7%	-20.7%	-21.1%
SJM_6302025_Dip_Buyer_FCFYield	06302025	SJM	JM Smucker	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.3%	12.3%	0.0%
BF-B_5312025_Dip_Buyer_ValueBuy	05312025	BF-B	Brown-Forman	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-17.4%	-17.4%	-22.4%
CPB_5312025_Dip_Buyer_ValueBuy	05312025	CPB	Campbell's	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.8%	-5.8%	-10.7%
LW_5312025_Dip_Buyer_ValueBuy	05312025	LW	Lamb Weston	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.4%	-0.4%	-13.9%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper	07312025	STZ	Constellation Brands	Monopoly	MY \| Getting CheaperMonopoly-Like with P/S Decline Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple	-20.7%	-20.7%	-21.1%
SJM_6302025_Dip_Buyer_FCFYield	06302025	SJM	JM Smucker	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	12.3%	12.3%	0.0%
BF-B_5312025_Dip_Buyer_ValueBuy	05312025	BF-B	Brown-Forman	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-17.4%	-17.4%	-22.4%
CPB_5312025_Dip_Buyer_ValueBuy	05312025	CPB	Campbell's	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.8%	-5.8%	-10.7%
LW_5312025_Dip_Buyer_ValueBuy	05312025	LW	Lamb Weston	Dip Buy	DB \| PE OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-0.4%	-0.4%	-13.9%

See Trefis Trade Ideas for more.

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

1 Month Top Gainers

#	Ticker	Company	1M Rtn	YTD Rtn
1	PMI	Picard Medical	13709.5%	13709.5%
2	TNFA	TNF Pharmaceuticals	7529.9%	-95.9%
3	QMMM	QMMM	2749.6%	9228.1%
4	WOLF	Wolfspeed	1757.1%	231.8%
5	EAF	GrafTech International	1199.0%	-24.2%
6	SEGG	Lottery.com	646.7%	-7.9%
7	SLNH	Soluna	435.8%	20.0%
8	PTNM	Pitanium	433.3%
9	NUAI	New Era Energy & Digital	395.6%
10	BREA	Brera	380.3%	3593.8%

1 Month Top Losers

#	Ticker	Company	1M Rtn	YTD Rtn
1	BINI	Bollinger Innovations	-96.1%	-100.0%
2	WOK	WORK Medical Technology	-90.8%	-98.5%
3	CJET	Chijet Motor	-90.3%	-92.7%
4	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
5	YAAS	Youxin Technology	-85.8%	-98.9%
6	ATYR	aTyr Pharma	-85.1%	-78.0%
7	CURX	Curanex Pharmaceuticals	-84.9%	28.8%
8	YYGH	YY	-84.6%	-80.3%
9	NEON	Neonode	-84.6%	-58.7%
10	SDM	Smart Digital	-82.5%	-83.8%

Recent Active Movers

1 Day Top Gainers

#	Ticker	Company	1D Rtn	YTD Rtn
1	WOLF	Wolfspeed	1726.4%	231.8%
2	BQ	Boqii	233.2%	153.9%
3	YCBD	cbdMD	121.2%	-54.0%
4	ENTA	Enanta Pharmaceuticals	91.9%	163.7%
5	JFB	JFB Construction	85.4%
6	TLRY	Tilray Brands	60.9%	39.1%
7	POAI	Predictive Oncology	54.8%	46.3%
8	SCOR	comScore	46.2%	53.3%
9	DWTX	Dogwood Therapeutics	43.3%	217.7%
10	BKKT	Bakkt	42.3%	3.1%

1 Day Top Losers

#	Ticker	Company	1D Rtn	YTD Rtn
1	MLTX	MoonLake Immunotherapeutics	-89.9%	-88.5%
2	KALA	Kala Bio	-89.3%	-70.5%
3	IOBT	IO Biotech	-76.9%	-60.3%
4	JZXN	Jiuzi	-60.3%	-69.5%
5	APLT	Applied Therapeutics	-50.7%	-28.5%
6	MTEK	Maris Tech	-50.6%	-58.9%
7	BIAF	bioAffinity Technologies	-38.6%	-88.1%
8	MTEN	Mingteng International	-38.0%	0.0%
9	BYND	Beyond Meat	-36.1%	-51.6%
10	LRMR	Larimar Therapeutics	-33.7%	-12.7%

1 Week Top Gainers

#	Ticker	Company	1W Rtn	YTD Rtn
1	FTEL	Fitell	1068.4%	-96.0%
2	WOLF	Wolfspeed	886.6%	231.8%
3	WHLR	Wheeler Real Estate Investment Trust	404.4%	-99.7%
4	MNDR	Mobile-health Network Solutions	388.0%	-71.1%
5	QURE	uniQure	329.5%	236.4%
6	NUAI	New Era Energy & Digital	311.7%
7	BQ	Boqii	208.5%	153.9%
8	DVLT	Datavault AI	180.5%
9	DFLI	Dragonfly Energy	132.9%	-76.4%
10	SHFS	SHF	130.9%	-18.7%

1 Week Top Losers

#	Ticker	Company	1W Rtn	YTD Rtn
1	WOK	WORK Medical Technology	-91.5%	-98.5%
2	KALA	Kala Bio	-89.0%	-70.5%
3	MLTX	MoonLake Immunotherapeutics	-88.6%	-88.5%
4	SDM	Smart Digital	-87.5%	-83.8%
5	NRIM	Northrim BanCorp	-76.1%	14.0%
6	IOBT	IO Biotech	-75.5%	-60.3%
7	ZYBT	Zhengye Biotechnology	-74.9%
8	AMBI	Ambipar Emergency Response	-74.0%	-78.8%
9	FGL	Founder	-63.8%	-64.3%
10	BINI	Bollinger Innovations	-63.6%	-100.0%

Peer Comparisons for WK Kellogg

Financials

	KLG	GIS	K	FLO	WEST	BRBF	Median
Name	WK Kello.	General .	Kellanova	Flowers .	Westrock.	BRB Foods
Mkt Price	23.00	49.66	81.96	12.68	4.76	-	23.00
Mkt Cap	2.0	26.9	28.4	2.7	0.5	-	2.7
Rev LTM	2,605	19,156	12,632	5,099	944	0	3,852
Op Inc LTM	142	3,141	1,910	343	-38	-1	243
FCF LTM	-120	2,096	863	384	-143	-0	192
FCF 3Y Avg	36	2,300	1,005	272	-184	-1	154
CFO LTM	86	2,691	1,512	511	-27	-0	298
CFO 3Y Avg	185	3,003	1,615	402	-39	1	293

Growth & Margins

	KLG	GIS	K	FLO	WEST	BRBF	Median
Name	WK Kello.	General .	Kellanova	Flowers .	Westrock.	BRB Foods
Rev Chg LTM	-4.3%	-3.3%	-2.7%	-0.6%	13.0%	-100.0%	-3.0%
Rev Chg 3Y Avg	-	0.1%	2.3%	3.8%	6.9%	-	3.0%
Rev Chg Q	-8.8%	-6.8%	-3.7%	1.5%	34.8%	-	-3.7%
QoQ Delta Rev Chg LTM	-2.2%	-1.7%	-0.9%	0.4%	8.3%	-	-0.9%
Op Mgn LTM	5.5%	16.4%	15.1%	6.7%	-4.0%	-	6.7%
Op Mgn 3Y Avg	4.2%	16.9%	11.8%	5.7%	-1.6%	-	5.7%
QoQ Delta Op Mgn LTM	-1.0%	-0.5%	0.4%	-0.2%	0.1%	-	-0.2%
CFO/Rev LTM	3.3%	14.0%	12.0%	10.0%	-2.8%	-	10.0%
CFO/Rev 3Y Avg	6.8%	15.2%	12.8%	7.9%	-4.4%	-	7.9%
FCF/Rev LTM	-4.6%	10.9%	6.8%	7.5%	-15.1%	-	6.8%
FCF/Rev 3Y Avg	1.2%	11.7%	7.9%	5.3%	-21.0%	-	5.3%

Valuation

	KLG	GIS	K	FLO	WEST	BRBF	Median
Name	WK Kello.	General .	Kellanova	Flowers .	Westrock.	BRB Foods
Mkt Cap	2.0	26.9	28.4	2.7	0.5	-	2.7
P/S	0.8	1.4	2.2	0.5	0.5	-	0.8
P/EBIT	28.7	8.3	14.4	7.7	-10.3	-	8.3
P/E	43.0	9.2	20.5	12.2	-5.1	-	12.2
P/CFO	23.0	10.0	18.8	5.2	-16.9	-	10.0
Total Yield	5.2%	15.8%	7.6%	15.9%	-19.5%	-	7.6%
Dividend Yield	2.8%	5.0%	2.8%	7.7%	0.0%	-	2.8%
FCF Yield 3Y Avg	-	6.6%	4.4%	6.7%	-24.4%	-	5.5%
D/E	0.4	0.5	0.2	0.8	1.3	-	0.5
Net D/E	0.4	0.5	0.2	0.8	1.2	-	0.5

Returns

	KLG	GIS	K	FLO	WEST	BRBF	Median
Name	WK Kello.	General .	Kellanova	Flowers .	Westrock.	BRB Foods
1M Rtn	0.3%	0.7%	3.9%	-14.2%	-12.0%	-	0.3%
3M Rtn	45.3%	-3.0%	3.8%	-19.3%	-16.9%	-	-3.0%
6M Rtn	17.4%	-15.1%	0.8%	-31.1%	-34.1%	-	-15.1%
12M Rtn	35.3%	-30.5%	4.4%	-42.4%	-28.6%	-	-28.6%
3Y Rtn	-	-28.0%	38.2%	-41.4%	-53.9%	-	-34.7%
1M Excs Rtn	-2.5%	0.1%	1.4%	-15.9%	-16.1%	-	-2.5%
3M Excs Rtn	38.0%	-10.3%	-3.5%	-26.6%	-24.3%	-	-10.3%
6M Excs Rtn	0.6%	-33.4%	-18.5%	-50.0%	-52.1%	-	-33.4%
12M Excs Rtn	18.8%	-46.3%	-11.8%	-58.0%	-44.5%	-	-44.5%
3Y Excs Rtn	-	-109.0%	-46.5%	-121.3%	-130.4%	-	-115.2%

Financials

Annual
Quarterly

$ Mil \| FY: 12/31	LTM	2024	2023	2022	2021	2020
Period End	6/28/2025	12/31/2024	12/31/2023	12/31/2022	1/1/2022	1/2/2021
Filing Date	8/7/2025	2/25/2025	3/8/2024	9/11/2023	2/10/2023	9/11/2023
Key Financials
Total Revenue	2,605	2,708	2,763	2,695	2,460	2,867
EBITDA	152	204	224	42	282	265
Operating Income	142	173	95	75	37	196
Net Income	46	81	112	-25	162	182
EPS	0.43	0.94	1.31	-0.29	1.88	2.12
Growth Rates
Total Revenue Growth	-4.3%	-2.0%	2.5%	9.6%	-14.2%	-
EBITDA Growth	-44.5%	-8.9%	433.3%	-85.1%	6.4%	-
Operating Income Growth	-0.7%	82.1%	26.7%	102.7%	-81.1%	-
Net Income Growth	-64.6%	-27.7%	548.0%	-115.4%	-11.0%	-
Margins
EBITDA Margin	5.8%	7.5%	8.1%	1.6%	11.5%	9.2%
Operating Income Margin	5.5%	6.4%	3.4%	2.8%	1.5%	6.8%
Net Income Margin	1.8%	3.0%	4.1%	-0.9%	6.6%	6.3%
Cash & Debt
Total Cash	120	47	89	0	0	0
Total Debt	859	648	517	8	8	0
Net Debt / (Cash)	739	601	428	8	8	0
Cash Flows
Net Cash from Operations	86	107	422	53	7	303
Free Cash from Operations	-120	-22	272	-18	-68	216
Returns to Shareholders
Dividends	56	55	677	-0	-0	-0
Share Repurchases	-0	-0	-0	-0	-0	-0

$ Mil \| FY: 12/31	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1	2022Q4	2022Q3
Period End	6/28/2025	3/29/2025	12/31/2024	9/28/2024	6/29/2024	3/30/2024	12/31/2023	9/30/2023	7/1/2023	4/1/2023	12/31/2022	10/1/2022
Filing Date	8/7/2025	5/6/2025	2/25/2025	11/7/2024	8/6/2024	5/7/2024	3/8/2024	11/8/2023	9/11/2023	7/24/2023	9/11/2023	11/8/2023
Key Financials Quarterly
Total Revenue	613	663	640	689	672	707	651	692	700	720	677	705
Ebitda	39	51	50	12	78	73	51	72	50	49	-89	21
Operating Income	24	38	48	32	54	48	24	17	28	24	-8	7
Net Income	8	21	28	-11	37	34	17	42	27	24	-152	23
EPS	0.09	0.25	0.22	-0.13	0.43	0.40	0.18	0.49	0.32	0.28	-1.77	0.27
Key Financials TTM
Total Revenue TTM	2,605	2,664	2,708	2,719	2,722	2,750	2,763	2,789	2,802	2,792	2,695	-
Ebitda TTM	152	191	213	214	274	246	222	82	31	41	42	-
Operating Income TTM	142	172	182	158	143	117	93	61	51	63	75	-
Net Income TTM	46	75	88	77	130	120	110	-59	-78	-52	-25	-
Growth Rates Quarterly
Total Revenue Growth	-8.8%	-6.2%	-1.7%	-0.4%	-4.0%	-1.8%	-3.8%	-1.8%	1.4%	15.6%	-	-
EBITDA Growth	-50.0%	-30.1%	-2.0%	-83.3%	56.0%	49.0%	157.3%	242.9%	-16.7%	-2.0%	-	-
Operating Income Growth	-55.6%	-20.8%	100.0%	88.2%	92.9%	100.0%	400.0%	142.9%	-30.0%	-33.3%	-	-
Net Income Growth	-78.4%	-38.2%	64.7%	-126.2%	37.0%	41.7%	111.2%	82.6%	-49.1%	-52.9%	-	-
Margins Quarterly
EBITDA Margin	6.4%	7.7%	7.8%	1.7%	11.6%	10.3%	7.8%	10.4%	7.1%	6.8%	-13.1%	3.0%
Operating Income Margin	3.9%	5.7%	7.5%	4.6%	8.0%	6.8%	3.7%	2.5%	4.0%	3.3%	-1.2%	1.0%
Net Income Margin	1.3%	3.2%	4.4%	-1.6%	5.5%	4.8%	2.6%	6.1%	3.9%	3.3%	-22.5%	3.3%
Cash & Debt
Total Cash	120	27	47	47	44	70	89	64	95	0	0	-
Total Debt	859	717	648	590	504	504	517	664	495	5	8	0
Net Debt / (Cash)	739	690	601	543	460	434	428	600	400	5	8	-
Cash Flows Quarterly
FCF from Operations	25	-9	9	61	27	10	238	44	78	62	0	9
Cash Flows TTM
FCF from Operations TTM	86	88	107	336	319	370	422	184	149	113	53	-
Returns to Shareholders Quarterly
Dividends	14	14	14	14	13	14	14	663	0	0	0	0
Share Repurchases	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0	-0
Return on Invested Capital (ROIC) Quarterly
ROIC	6.6%	12.3%	21.3%	11.1%	21.1%	19.4%	9.4%	6.5%	11.0%	11.6%	-3.7%	-
Return on Invested Capital (ROIC) TTM
ROIC TTM	13.4%	15.2%	16.9%	13.7%	14.0%	12.0%	9.6%	6.9%	5.5%	8.9%	10.4%	-

Price Behavior

Behavior Stats
Betas Matrix

Price Behavior

Market Price	$23.00
Market Cap ($ Bil)	2.0
First Trading Date	10/02/2023
Distance from 52W High	-1.5%
	50 Days	200 Days
DMA Price	$22.97	$19.09
DMA Trend	up	up
Distance from DMA	0.1%	20.5%
	3M	1YR
Volatility	65.3%	51.9%
Downside Capture	-15.51	43.51
Upside Capture	219.25	67.30
Correlation (SPY)	8.5%	17.9%

KLG Betas & Captures as of 8/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.16	0.88	0.65	0.35	0.48	-0.12
Up Beta	0.36	-1.07	-0.94	0.30	0.42	0.17
Down Beta	-0.05	-0.37	0.26	0.15	0.53	-0.05
Up Capture	13%	367%	213%	61%	52%	7%
Bmk +ve Days	10	22	35	71	142	415
Stock +ve Days	9	21	32	59	118	240
Down Capture	16%	46%	37%	50%	44%	22%
Bmk -ve Days	11	19	27	54	106	334
Stock -ve Days	9	18	28	64	128	234

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date	9152025
Short Interest: Shares Quantity	5,516,389
Short Interest: % Change Since 8312025	-5.5%
Average Daily Volume	1,299,410
Days-to-Cover Short Interest	4.25
Basic Shares Quantity	86,000,000
Short % of Basic Shares	6.4%

Earnings Returns History

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	Forward Returns
Earnings Date	1D Returns	5D Returns	21D Returns
8/7/2025	0.0%	-0.5%	-0.3%
5/6/2025	3.3%	1.1%	-8.5%
2/11/2025	3.9%	18.7%	22.9%
11/7/2024	16.7%	3.6%	21.9%
8/6/2024	-7.0%	-3.3%	-2.3%
5/7/2024	3.1%	-7.1%	-21.4%
2/13/2024	8.1%	18.1%	26.7%
11/8/2023	2.3%	3.1%	13.0%
SUMMARY STATS
# Positive	7	5	4
# Negative	1	3	4
Median Positive	3.3%	3.6%	22.4%
Median Negative	-7.0%	-3.3%	-5.4%
Max Positive	16.7%	18.7%	26.7%
Max Negative	-7.0%	-7.1%	-21.4%

	Forward Returns
8/7/2025	0.0%	-0.5%	-0.3%
5/6/2025	3.3%	1.1%	-8.5%
2/11/2025	3.9%	18.7%	22.9%
11/7/2024	16.7%	3.6%	21.9%
8/6/2024	-7.0%	-3.3%	-2.3%
5/7/2024	3.1%	-7.1%	-21.4%
2/13/2024	8.1%	18.1%	26.7%
11/8/2023	2.3%	3.1%	13.0%
SUMMARY STATS
# Positive	7	5	4
# Negative	1	3	4
Median Positive	3.3%	3.6%	22.4%
Median Negative	-7.0%	-3.3%	-5.4%
Max Positive	16.7%	18.7%	26.7%
Max Negative	-7.0%	-7.1%	-21.4%

SEC Filings

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Report Date	Filing Date	Filing
6302025	8072025	10-Q 6/28/2025
3312025	5062025	10-Q 3/29/2025
12312024	2252025	10-K 12/31/2024
9302024	11072024	10-Q 9/28/2024
6302024	8062024	10-Q 6/29/2024
3312024	5072024	10-Q 3/30/2024
12312023	3082024	10-K 12/31/2023
9302023	11082023	10-Q 9/30/2023
3312023	7242023	10-12B 4/1/2023
12312022	9112023	10-12B/A 12/31/2022
12312021	2102023	DRS 1/1/2022

Insider Activity

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	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Gund G Zachary		11192024	Buy	17.20	55,000	946,082	4,300,375	Form
1	Gund G Zachary		11142024	Buy	17.94	65,000	1,165,801	1,165,801	Form

Industry Resources

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USDA Data

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0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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WK Kellogg (KLG)

Market Price (9/30/2025): $23.0 | Market Cap: $2.0 BilSector: Consumer Staples | Industry: Packaged Foods & Meats

WK Kellogg (KLG)

Market Price (9/30/2025): $23.0Market Cap: $2.0 BilSector: Consumer StaplesIndustry: Packaged Foods & Meats

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Market Price (9/30/2025): $23.0 | Market Cap: $2.0 Bil
Sector: Consumer Staples | Industry: Packaged Foods & Meats

Market Price (9/30/2025): $23.0
Market Cap: $2.0 Bil
Sector: Consumer Staples
Industry: Packaged Foods & Meats