WK Kellogg Beats Q3 Earnings Estimates, Driven By Strong Price/Mix and Operational Discipline: Details

WK Kellogg (NYSE:KLG) shares are trading higher on Thursday.

The company reported third-quarter adjusted earnings per share of 31 cents, beating the street view of 26 cents. Quarterly sales of $689 million outpaced the analyst consensus estimate of $674 million.

The company’s reported net sales decreased 0.4% year-over-year, while adjusted net sales rose 0.7% compared to standalone adjusted net sales.

In the third quarter, price/mix increased 1.8%, while volume decreased 1.1%.

WK Kellogg’s third ...