WK Kellogg Cuts Outlook Over Tariffs, Softening Sales
WK Kellogg cut its guidance to account for tariff impacts and a weaker first-quarter performance than it had been expecting.
The cereal maker now forecasts sales to decline 2% to 3% for the year instead of 1%, as previously projected. The company also now expects a decline rather than a gain in its key adjusted earnings metric.
"We are in a challenging operating environment and the business did not perform as we had expected when we entered the year," Chief Executive Gary Pilnick said Tuesday in prepared remarks for the company's quarterly earnings call...
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