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Kellanova Q4 Earnings Beat, Price/Mix & Volumes Drive Organic Sales
ZACKS· 2025-02-07 14:11
Core Insights - Kellanova delivered strong fourth-quarter 2024 results, with both top and bottom lines exceeding Zacks Consensus Estimates, and year-over-year earnings growth [1][4] - Despite a year-over-year decline in sales, organic sales increased due to improved volumes and price/mix [1][5] Financial Performance - Adjusted earnings per share (EPS) reached 92 cents, a 17.9% increase year over year, surpassing the Zacks Consensus Estimate of 82 cents [4] - Net sales totaled $3,124 million, exceeding the Zacks Consensus Estimate of $3,093 million, but reflecting a 1.6% decline year over year due to unfavorable currency movements [5] - Organic net sales grew by 7%, driven by improved volumes and price/mix [5] - Adjusted operating profit increased by 14.4% to $448 million, with a 19.9% rise to $470 million on a currency-neutral basis [6] Segment Performance - North America segment sales were $1,561 million, down 1.7% year over year, with organic sales falling 1.5% [7] - Europe segment revenues totaled $601 million, down 2% year over year, with organic sales dropping 1.2% [7] - Latin America revenues were $303 million, down 7.6% year over year, but organic sales increased by 5.5% [8] - Asia Pacific and Middle East & Africa segment revenues reached $659 million, up 2.1% year over year, with organic sales jumping 36.4% [8] Cash Flow and Debt - Kellanova ended the quarter with cash and cash equivalents of $694 million, long-term debt of $4,998 million, and total equity of $3,882 million [9] - The company generated net cash from operating activities of $1,760 million for the year ended December 28, 2024, with capital expenditures of $628 million and free cash flow of $1,132 million [9] Stock Performance - Kellanova's shares have increased by 10.5% over the past six months, outperforming the industry growth of 5.3% [10]
Compared to Estimates, Kellanova (K) Q4 Earnings: A Look at Key Metrics
ZACKS· 2025-02-06 18:00
Core Insights - Kellanova reported $3.12 billion in revenue for the quarter ended December 2024, reflecting a year-over-year decline of 1.6% but exceeding the Zacks Consensus Estimate by 1% [1] - The earnings per share (EPS) for the same period was $0.92, which is an increase from $0.78 a year ago, representing a surprise of 12.2% over the consensus estimate of $0.82 [1] Financial Performance Metrics - Net sales in the AMEA region experienced a significant decline of 34.3% compared to the three-analyst average estimate of -28.9% [4] - Total reported growth was -1.6%, slightly better than the estimated -2.6% by three analysts [4] - North America net sales showed a volume impact year-over-year change of 0.5%, outperforming the estimate of 0.2% [4] - Price/mix impact in North America was a decline of 2%, contrasting with the average estimate of a 0.7% increase [4] - Europe net sales were reported at $601 million, which is lower than the estimated $641.84 million, representing a year-over-year decline of 2% [4] - Latin America net sales were $303 million, slightly below the average estimate of $304.79 million, with a year-over-year change of -7.6% [4] - The stock has returned +0.4% over the past month, underperforming the Zacks S&P 500 composite's +2.1% change [3]
Kellanova (K) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-06 15:11
Group 1 - Kellanova reported quarterly earnings of $0.92 per share, exceeding the Zacks Consensus Estimate of $0.82 per share, and up from $0.78 per share a year ago, representing an earnings surprise of 12.20% [1] - The company achieved revenues of $3.12 billion for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 1%, although this is a decrease from $3.17 billion in the same quarter last year [2] - Kellanova has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] Group 2 - The stock has gained approximately 1.1% since the beginning of the year, underperforming compared to the S&P 500's gain of 3.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the next quarter is $1.02 on revenues of $3.19 billion, and for the current fiscal year, it is $3.92 on revenues of $12.92 billion [7] Group 3 - The Consumer Products - Discretionary industry, to which Kellanova belongs, is currently ranked in the bottom 42% of over 250 Zacks industries, which may impact stock performance [8] - The Zacks Rank for Kellanova is currently 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6]
Kellanova Beats EPS with Strong Profit
The Motley Fool· 2025-02-06 14:42
Kellanova posted robust Q4 2024 earnings, driven by strong organic growth and improved profit margins.Kellanova (K 0.06%), a snacks-focused company celebrated for brands like Pringles and Cheez-It, released its fourth quarter results on February 6, 2025. It reported better-than-expected financial performance, driven by solid organic growth. Adjusted EPS rose to $0.92, surpassing analysts' expectations of $0.83. The quarter's reported operating profit saw a substantial increase of 62.2% year-over-year, refle ...
Kellogg(K) - 2024 Q4 - Annual Results
2025-02-06 13:02
Pending Transaction: As announced on August 14, 2024, Mars, Incorporated, a family-owned, global leader in pet care, snacking, and food, and Kellanova, a leading company in global snacking, international cereal and noodles, North American plant-based foods, and frozen breakfast foods, had entered into a definitive agreement under which Mars has agreed to acquire Kellanova for $83.50 per share in cash. Shareowners approved this proposed transaction on November 1, 2024. The transaction is subject to customary ...
Kellanova Reports 2024 Fourth Quarter Results
Prnewswire· 2025-02-06 13:00
Company Overview - Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods, with a legacy of over 100 years [1] - The company reported net sales of approximately $13 billion for 2024 [1] Corporate Purpose and Goals - Kellanova aims to create better days and ensure equitable food access through its trusted food brands [2] - The company is committed to addressing hunger, sustainability, wellbeing, and equity, diversity & inclusion [2] - Kellanova's goal is to create Better Days for 4 billion people by the end of 2030, using a 2015 baseline [2]
Unveiling Kellanova (K) Q4 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2025-02-03 15:21
In its upcoming report, Kellanova (K) is predicted by Wall Street analysts to post quarterly earnings of $0.82 per share, reflecting an increase of 5.1% compared to the same period last year. Revenues are forecasted to be $3.09 billion, representing a year-over-year decrease of 2.6%.The current level reflects a downward revision of 0.3% 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 initial projec ...
PRINGLES® MAKES MUSTACHES FLY TO THE SNACKING RESCUE WITH THE HELP OF ADAM BRODY, NICK OFFERMAN, JAMES HARDEN AND ANDY REID FOR ITS 2025 BIG GAME SPOT
Prnewswire· 2025-02-03 14:15
Accessibility Statement Skip Navigation "With our iconic mascot Mr. P on every can, Pringles has the strongest mustache in the snack aisle," said Sarah Reinecke, Kellanova's U.S. Vice President of Marketing, Salty Snacking. "This year, we're harnessing the power of some of the most legendary mustaches in culture to take our crisps to new heights, literally. Fans everywhere are encouraged to 'Stache Up on their favorite Pringles while watching these glorious 'staches soar on game day and beyond." Actor Ada ...
Kellanova Set to Release Q4 Earnings: Should You Expect a Beat?
ZACKS· 2025-02-03 13:35
Kellanova (K) is likely to register bottom-line growth when it reports fourth-quarter 2024 earnings on Feb. 6. Although the Zacks Consensus Estimate for quarterly earnings has moved down by a penny in the past 30 days to 82 cents per share, the projection indicates an increase of 5.1% from the year-ago quarter’s reported figure. The consensus mark for 2024 earnings is pegged at $3.75 per share, reflecting a 16.1% increase from the prior year’s reported figure. K has a trailing four-quarter earnings surprise ...
Kellanova Recognized on Fortune's 2025 World's Most Admired Companies List
Prnewswire· 2025-01-30 20:34
Core Insights - Kellanova has been recognized as No. 6 in the consumer food products industry on Fortune Magazine's 2025 World's Most Admired Companies list, improving from seventh place in 2024 [1] - This recognition highlights Kellanova's commitment to excellence, innovation, and social responsibility, aligning with the values shared by other industry leaders [1][2] - The annual list evaluates 650 high-revenue companies based on nine key attributes of reputation, showcasing Kellanova's outstanding performance in these areas [2] Company Performance - Kellanova's inclusion in the list reflects the hard work and dedication of its global team, emphasizing the company's focus on delivering exceptional products and making a positive impact [3] - The recognition serves as motivation for Kellanova to continue innovating and investing in its workforce while leading with purpose [3] Industry Context - The World's Most Admired Companies list is a benchmark of corporate reputation and leadership across 51 industries and 30 countries, indicating Kellanova's competitive standing in the consumer food products sector [2] - Kellanova joins an elite group of industry leaders, including Nestle, PepsiCo, and General Mills, which collectively aim to shape the future of food [1]