WK Kellogg Co reported financial results for the quarter ended June 28, 2025, showing a decline in several key metrics compared to the previous year. Reported net sales were $613 million, an 8.8% decrease from $672 million in the same period in 2024. Year-to-date net sales also fell by 7.5% to $1.276 billion from $1.379 billion in 2024. The company's reported net income experienced a significant drop of 78.4%, from $37 million in the second quarter of 2024 to $8 million in the current period. Year-to-date net income decreased by 59.2%, from $71 million in 2024 to $29 million in 2025. EBITDA for the quarter fell by 48.7% to $39 million, compared to $76 million in the previous year. Year-to-date EBITDA also declined by 39.3%, from $150 million in 2024 to $91 million in 2025. Adjusted EBITDA saw a decline of 31.3% for the quarter, reaching $57 million compared to $83 million in the previous year. The year-to-date adjusted EBITDA dropped by 16.8%, from $161 million in 2024 to $134 million in 2025. The adjusted EBITDA margin for the quarter was 9.4%, down from 12.4% in the same period last year. The year-to-date adjusted EBITDA margin stood at 10.5%, compared to 11.7% in 2024. Due to the pending transaction with Ferrero, WK Kellogg has suspended its financial guidance for the full year 2025 and will not host a webcast to discuss its second quarter results. The company remains focused on its strategic priorities, including a supply chain modernization initiative, as it works towards closing the merger with Ferrero.