On the occasion of its quarterly publication, WK Kellogg announces that it has raised its targets for fiscal 2024, now anticipating growth of between 3% and 5% for adjusted EBITDA, and between -1% and 1% for revenues.

For the fourth quarter of 2023, it posted EPS of $0.18, compared with a loss of $1.77 per share a year earlier, with adjusted EBITDA up 43.2% to $53 million and revenues down 2.7% to $651 million.

For the year as a whole, the breakfast cereal manufacturer - which resulted from the sale of the Kellogg group last autumn, which also gave rise to Kellanova - posted an adjusted EBITDA margin of 9.4% on revenues of 2.76 billion.

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