Financial Snapshot

Revenue
$2.719B
TTM
Gross Margin
28.65%
TTM
Net Earnings
$68.00M
TTM
Current Assets
Q3 2024
Current Liabilities
Q3 2024
Current Ratio
78.18%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
$1.283B
Q3 2024
Book Value
$617.0M
Q3 2024
Cash
Q3 2024
P/E
26.07
Nov 29, 2024 EST
Free Cash Flow
$120.0M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020
Revenue $2.763B $2.695B $2.460B $2.867B
YoY Change 2.52% 9.55% -14.2%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020
Revenue $2.763B $2.695B $2.460B $2.867B
Cost Of Revenue $2.009B $2.061B $1.884B $2.032B
Gross Profit $754.0M $634.0M $576.0M $835.0M
Gross Profit Margin 27.29% 23.53% 23.41% 29.12%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020
Selling, General & Admin $662.0M $509.0M $512.0M $609.0M
YoY Change 30.06% -0.59% -15.93%
% of Gross Profit 87.8% 80.28% 88.89% 72.93%
Research & Development $25.00M $25.00M $27.00M $30.00M
YoY Change 0.0% -7.41% -10.0%
% of Gross Profit 3.32% 3.94% 4.69% 3.59%
Depreciation & Amortization $66.00M $68.00M $68.00M $69.00M
YoY Change -2.94% 0.0% -1.45%
% of Gross Profit 8.75% 10.73% 11.81% 8.26%
Operating Expenses $662.0M $534.0M $539.0M $639.0M
YoY Change 23.97% -0.93% -15.65%
Operating Profit $92.00M $100.0M $37.00M $196.0M
YoY Change -8.0% 170.27% -81.12%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020
Interest Expense -$10.00M $0.00
YoY Change
% of Operating Profit -10.87% 0.0%
Other Income/Expense, Net $63.00M -$101.0M $177.0M $46.00M
YoY Change -162.38% -157.06% 284.78%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020
Pretax Income $145.0M -$26.00M $214.0M $242.0M
YoY Change -657.69% -112.15% -11.57%
Income Tax $35.00M -$1.000M $52.00M $60.00M
% Of Pretax Income 24.14% 24.3% 24.79%
Net Earnings $110.0M -$25.00M $162.0M $182.0M
YoY Change -540.0% -115.43% -10.99%
Net Earnings / Revenue 3.98% -0.93% 6.59% 6.35%
Basic Earnings Per Share $1.28 -$0.29
Diluted Earnings Per Share $1.28 -$0.29 $1.89 $2.13

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020
Cash & Short-Term Investments $89.00M
YoY Change
Cash & Equivalents $89.00M
Short-Term Investments
Other Short-Term Assets $32.00M $10.00M $16.00M $10.00M
YoY Change 220.0% -37.5% 60.0%
Inventory $345.0M $431.0M $330.0M $280.0M
Prepaid Expenses
Receivables $244.0M $213.0M $122.0M $205.0M
Other Receivables $0.00 $16.00M $33.00M $10.00M
Total Short-Term Assets $710.0M $670.0M $501.0M $505.0M
YoY Change 5.97% 33.73% -0.79%
Property, Plant & Equipment $739.0M $652.0M $619.0M $635.0M
YoY Change 13.34% 5.33% -2.52%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $334.0M $4.000M $14.00M $9.000M
YoY Change 8250.0% -71.43% 55.56%
Total Long-Term Assets $1.183B $766.0M $743.0M $754.0M
YoY Change 54.44% 3.1% -1.46%
Total Assets $1.893B $1.436B $1.244B $1.259B
YoY Change
Accounts Payable $544.0M $473.0M $373.0M $447.0M
YoY Change 15.01% 26.81% -16.55%
Accrued Expenses $178.0M $150.0M $145.0M $169.0M
YoY Change 18.67% 3.45% -14.2%
Deferred Revenue
YoY Change
Short-Term Debt $4.000M $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $8.000M
YoY Change
Total Short-Term Liabilities $840.0M $666.0M $560.0M $664.0M
YoY Change 26.13% 18.93% -15.66%
Long-Term Debt $487.0M $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $160.0M $20.00M $31.00M $30.00M
YoY Change 700.0% -35.48% 3.33%
Total Long-Term Liabilities $647.0M $20.00M $31.00M $30.00M
YoY Change 3135.0% -35.48% 3.33%
Total Liabilities $1.593B $749.0M $674.0M $765.0M
YoY Change 112.68% 11.13% -11.9%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $1.7725 Billion

About WK Kellogg Co

WK Kellogg Co. produces and sells cereal based breakfast products. The company is headquartered in Battle Creek, Michigan and currently employs 3,150 full-time employees. The company went IPO on 2023-09-27. The firm is a manufacturer, marketer, and distributor of branded ready-to-eat cereal and provide consumers with products while promoting consumer health and wellbeing. The company is engaged in the manufacturing, marketing, and sales of cereal products in North America. Its products are manufactured by the Company in the United States, Mexico, and Canada and marketed in the United States, Canada, and the Caribbean. Its product offerings are diversified across the cereal sub-categories of taste, wellness, and balance, with consumer appeal across the spectrum of ages and demographics. Brands used in its business include Frosted Flakes, Special K, Froot Loops, Raisin Bran, Frosted Mini-Wheats, Rice Krispies, Kashi, Corn Flakes and Apple Jacks, among many others. The Company’s products include various brands of cereal which are marketed under the Kellogg’s, Kashi, and Bear Naked trade names. Its subsidiaries include 1906 Foreign Trading LLC and Kashi LLC.

Industry: Grain Mill Products Peers: BRC Inc. Utz Brands, Inc. HAIN CELESTIAL GROUP INC Mondelez International, Inc. SANFILIPPO JOHN B & SON INC Sovos Brands, Inc. TOOTSIE ROLL INDUSTRIES INC TreeHouse Foods, Inc. Westrock Coffee Co