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Kellogg(K) - 2024 Q2 - Earnings Call Transcript
2024-08-01 15:25
Kellanova (NYSE:K) Q2 2024 Earnings Conference Call August 1, 2024 9:30 AM ET Company Participants John Renwick - Vice President of Investor Relations & Corporate Planning Steve Cahillane - Chairman, President & Chief Executive Officer Amit Banati - Vice Chairman & Chief Financial Officer Conference Call Participants Rob Dickerson - Jefferies Chris Carey - Wells Fargo Securities Peter Galbo - Bank of America Robert Moskow - TD Cowen David Palmer - Evercore ISI Michael Lavery - Piper Sandler Thomas Palmer - ...
Kellanova (K) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-08-01 15:07
Kellanova (K) reported $3.19 billion in revenue for the quarter ended June 2024, representing a year-over-year decline of 21%. EPS of $1.01 for the same period compares to $1.25 a year ago. The reported revenue compares to the Zacks Consensus Estimate of $3.15 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +12.22%, with the consensus EPS estimate being $0.90. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they ...
Kellanova (K) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2024-08-01 14:10
Kellanova (K) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 12.22%. A quarter ago, it was expected that this the maker of Pringles and other snacks would post earnings of $0.85 per share when it actually produced earnings of $1.01, delivering a surprise of 18.82%. Over the last four ...
Kellogg(K) - 2024 Q2 - Quarterly Results
2024-08-01 12:03
Exhibit 99.1 Kellanova Financial News Release Analyst Contact: John Renwick, CFA (269) 961-9050 Media Contact: Kris Bahner, (269) 961-3799 Kellanova Reports Strong Second Quarter Results, Raises Full-Year Outlook Chicago, Ill. - August 1, 2024 — Kellanova (NYSE: K) today announced results for its second quarter of 2024, and raised its outlook for the full year. Highlights: • While net sales in the second quarter were negatively impacted by adverse currency translation and the 2023 divestiture of its busines ...
Kellanova Reports 2024 Second Quarter Results
Prnewswire· 2024-08-01 12:00
CHICAGO, Aug. 1, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2024 second quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx. Documents immediately available include: the financial press release and tables, GAAP reconciliations, and presentation slides. A Current Report on Form 8-K was filed with the U.S. Securities and Exchange Commission and is available on its website at www.sec.gov. Kellanova wil ...
Countdown to Kellanova (K) Q2 Earnings: Wall Street Forecasts for Key Metrics
ZACKS· 2024-07-30 14:21
Wall Street analysts forecast that Kellanova (K) will report quarterly earnings of $0.90 per share in its upcoming release, pointing to a year-over-year decline of 28%. It is anticipated that revenues will amount to $3.15 billion, exhibiting a decline of 22.1% compared to the year-ago quarter. The current level reflects a downward revision of 1% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initi ...
Kellanova Declares Regular Dividend of $0.57 per Share
Prnewswire· 2024-07-26 15:36
CHICAGO, July 26, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today announced that its Board of Directors declared a dividend of $0.57 per share on the common stock of Kellanova, payable on September 13, 2024, to shareowners of record at the close of business on September 3, 2024. The ex-dividend date is September 3, 2024. This is the 399th dividend that Kellanova, previously Kellogg Company, has paid to owners of common stock since 1925. Kellanova (NYSE: K) is a leader in global snacking, international cereal ...
Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields
Benzinga· 2024-07-24 12:16
Kellanova K Altria Group, Inc. MO Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our Analyst Stock Ratings page. Traders can sort through Benzinga's extensive database of analyst ratings, including by analyst accuracy. Philip Morris International Inc. PM Read More: During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high di ...
Kellanova Moves to Accelerate Global Brand Growth, Expanding Partnership with Interpublic Group
Prnewswire· 2024-07-22 14:00
Kellanova Global Portfolio Image As a result of the process: "This decision is a strategic step towards driving enhanced creative prowess, strategic consistency, futurefit capabilities in our agency ecosystem," saidCharisse Hughes, Senior Vice President & Chief Growth Officer, Kellanova. "We focused on selecting ambitious agencies offering a digital-first approach, high levels of innovation, diverse resources and skills, operational excellence and the creative firepower needed to supercharge brand growth. W ...
WK Kellogg Co to Host Conference Call on August 6
Prnewswire· 2024-07-11 20:05
BATTLE CREEK, Mich., July 11, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG) announced today that it will host a conference call on Tuesday, August 6, 2024, at 9:30 a.m. EDT, to discuss the company's financial results for the second quarter of 2024 and provide an operational update, including indications regarding the performance and outlook of the business. The conference call will be a live audio webcast available at investor.wkkellogg.com. About WK Kellogg Co At approximately 8:30 a.m. EDT on that day th ...