WK Kellogg Co has announced its preliminary second quarter 2025 financial results. The company expects net sales to be in the range of $610 million to $615 million for the quarter ended June 28, 2025. Additionally, WK Kellogg Co anticipates adjusted EBITDA to fall between $43 million and $48 million. These preliminary figures are estimates and are subject to change upon final review. In a significant business development, WK Kellogg Co has entered into a definitive agreement with Ferrero Group, under which Ferrero will acquire WK Kellogg Co for $23.00 per share in cash. This transaction represents a total enterprise value of $3.1 billion and a 40% premium to the 30-day volume weighted average trading price. The acquisition includes WK Kellogg Co's portfolio of breakfast cereals across the United States, Canada, and the Caribbean, expanding Ferrero's strategic growth and consumer reach.