In the upcoming three years, WK Kellogg Co anticipates achieving a 500-basis point improvement in its adjusted EBITDA margins by 2026-end. The company envisions 2024 net sales of about $2.7 billion and an adjusted EBITDA in the band of roughly $255-265 million. will house a portfolio of leading brands like Kellogg's, Frosted Flakes, Froot Loops, Mini-Wheats, Special K, Raisin Bran, Rice Krispies, Corn Flakes, Kashi and Bear Naked. This is likely to yield better competitiveness, profitability and cash flow. With a dominant market position in North American cereal, WK Kellogg Co will concentrate on enhancing its business execution and modernizing its supply chain. Kellanova unveiled its long-term annual growth rates, which include 3-5% for organic net sales, 5-7% for the adjusted operating profit (on a currency-neutral basis) and 7-9% for adjusted earnings per share (on a currency-neutral basis). Kellanova’s net sales are anticipated to be roughly $13.4 to 13.6 billion in 2024, with adjusted EBITDA projected in the range of about $2.25-2.3 billion. It will also house some international cereal brands, such as Kellogg's, Frosties, Special K, Zucaritas, Crunchy Nut, Corn Flakes, Nutri-Grain and others. Management earlier informed that Kellanova would flaunt a portfolio of renowned snacking brands like Pringles, Pop-Tarts, Cheez-It, Rice Krispies Treats, RXBAR, MorningStar Farms and Eggo, among others. Kellanova’s portfolio will be more focused on snacks and emerging markets, including differentiated brands with a robust scope for expansion.
Image Source: Zacks Investment Research Kellanova and WK Kellogg in Detail
0 kommentar(er)
