WK Kellogg Co (NYSE: KLG) has reported its financial results for the second quarter of 2025. The company's reported net sales for the quarter ended June 28, 2025, were $613 million, representing an 8.8% decrease from the same period in the previous year when net sales were $672 million. For the year-to-date period ended June 28, 2025, reported net sales were $1.276 billion, down 7.5% from $1.379 billion in the prior year.
The reported net income for the second quarter of 2025 was $8 million, a significant decline of 78.4% from the net income of $37 million in the second quarter of 2024. Year-to-date, the reported net income was $29 million, reflecting a 59.2% decrease from $71 million in the same period last year.
WK Kellogg Co's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) for the second quarter of 2025 was $39 million, down 48.7% from $76 million in the second quarter of 2024. The company's adjusted EBITDA for the same period was $57 million, representing a 31.3% decrease from the adjusted EBITDA of $83 million in the prior year.
In terms of margins, the reported net income (loss) margin for the second quarter of 2025 was 1.3%, down from 5.4% in the second quarter of 2024. The adjusted EBITDA margin for the same period was 9.4%, a decrease from 12.4% in the second quarter of 2024.
WK Kellogg Co has also announced that due to a pending transaction with the Ferrero Group, it is suspending its financial guidance for the full year 2025. The transaction involves Ferrero acquiring WK Kellogg Co for $23.00 per share in cash, subject to approval by WK Kellogg Co shareholders, regulatory approvals, and other customary closing conditions. The transaction is expected to close in the second half of 2025.
The company stated that further details on the second quarter 2025 results will be included in its quarterly report on Form 10-Q for the quarter ended June 28, 2025.
WK Kellogg Co, known for its iconic brand portfolio including Kellogg's Frosted Flakes, Rice Krispies, Froot Loops, and Kashi, aims to promote a sense of physical, emotional, and societal wellbeing through its products and sustainable business strategy.
Please note that the organic net sales, EBITDA, adjusted EBITDA, and adjusted EBITDA margin mentioned are non-GAAP financial measures. The market has reacted to these announcements by moving the company's shares 0.3% to a price of $23.20. For more information, read the company's full 8-K submission here.