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.
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