By Will Feuer
Kellogg issued 2024 financial outlook for its units that will be separated later this year.
Kellanova, which will house the company’s portfolio of global snacks, international cereal and noodles as well as North American frozen foods, is targeting $13.4 billion to $13.6 billion in sales next year. The unit is forecasting adjusted earnings of $3.55 a share to $3.65 a share in 2024.
WK Kellogg, which will house the U.S., Canada, and Caribbean cereal markets, is targeting sales of about $2.7 in 2024, which Kellogg said would be on par with 2023 on a like-for-like basis.
Kellogg is hosting an investor event on Wednesday, beginning at 9 a.m. ET, during which executives from both units will further discuss outlook and strategies for the post-separation businesses.
Write to Will Feuer at [email protected]
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