Advertisement
Canada markets open in 7 minutes
  • S&P/TSX

    22,265.05
    -108.35 (-0.48%)
     
  • S&P 500

    5,306.04
    +1.32 (+0.02%)
     
  • DOW

    38,852.86
    -216.74 (-0.55%)
     
  • CAD/USD

    0.7309
    -0.0028 (-0.38%)
     
  • CRUDE OIL

    80.13
    +0.30 (+0.38%)
     
  • Bitcoin CAD

    92,816.76
    -570.49 (-0.61%)
     
  • CMC Crypto 200

    1,464.07
    -20.62 (-1.39%)
     
  • GOLD FUTURES

    2,343.70
    -12.80 (-0.54%)
     
  • RUSSELL 2000

    2,066.85
    -2.82 (-0.14%)
     
  • 10-Yr Bond

    4.5720
    +0.0300 (+0.66%)
     
  • NASDAQ futures

    18,778.00
    -162.50 (-0.86%)
     
  • VOLATILITY

    14.20
    +1.28 (+9.91%)
     
  • FTSE

    8,201.04
    -53.14 (-0.64%)
     
  • NIKKEI 225

    38,556.87
    -298.50 (-0.77%)
     
  • CAD/EUR

    0.6744
    -0.0008 (-0.12%)
     

WK Kellogg Q1 takeaways: Consumers avoiding big food brands

WK Kellogg (KLG) posted its first-quarter earnings report revealing the food manufacturer's results were largely in line with analyst expectations, especially in its bottom-line gains of $0.37 per share. The company also shared that net sales for the quarter fell 2% from a year ago while its volume fell by 7%, suggesting consumers are pulling back.

Yahoo Finance's Seana Smith joins Wealth! to break down the latest development for WK Kellogg, tying back the cereal maker's performance to comments on the US consumer made by top executives of other premier food brands, including Kellanova (K) CEO Steve Cahillane, Mondelēz (MDLZ) CEO Dirk Van de Put, and Starbucks (SBUX) CFO Rachel Ruggeri.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Nicholas Jacobino