Cowen & Co. Downgrades Tricida to Market Perform

WK Kellogg exceeds expectations in Q1 FY24 with a 1.9% sales dip, reporting $707 million, surpassing analyst forecasts. Operating income surges 91.6% to $46 million, while adjusted EBITDA climbs 8.7% to $75 million. Chairman Gary Pilnick reaffirms strategic focus, projecting FY24 net sales growth of -1% to +1% and adjusted EBITDA growth of 3% to 5%, aiming for $265 million to $270 million.