Tag: $WK Kellogg

Chocolate maker Ferrero has agreed to buy cereal giant WK Kellogg in a deal valued at $3.1 billion.

WK Kellogg Co. posted fourth-quarter profit that barely topped Wall Street’s expectations, even as sales fell more than expected.

WK Kellogg Co beat Wall Street estimates for quarterly sales on Tuesday, as higher product prices offset pressure from slowing demand for the Froot Loops maker’s ready-to-eat breakfast items and snacks.

Investors in Kellogg turned frosty on the 117-year-old breakfast company on Monday, the first trading day under a new structure that splits the core North American cereal business away from snack brands such as Pringles.