WK Kellogg (KLG) reported Q1 earnings Tuesday of $0.20 per diluted share, down from $0.37 a year earlier.

Analysts polled by FactSet expected $0.39.

Net sales for the quarter ended March 29 were $663 million, down from $707 million a year earlier.

Comparable estimates were not available on FactSet.

The company said it now expects 2025 organic net sales to fall about 2% to 3%, compared with the prior outlook of a 1% decline.

The company's shares fell over 9% in premarket activity Tuesday.