m ■ Ti in 1 Juanmonino WK Kellogg Co (NYSE:KLG), the Kellanova (K) spin-off company responsible for cereal sales in North America, reported its Q2 results on the 6th of August in premarket hours showing revenues in line with Wall Street analyst estimates but weaker-than-expected profitability, not notably weakened by a boycott of the company in Q2 promoted on social media. The company's owned strong brands under the Kellogg's name, including Frosted Flakes, Froot Loops, Corn Flakes, and multiple other names ...

WK Kellogg Co and Kellanova Headquarters getty On August 5, 2024, Reuters reported that Mars, the family-owned food giant, is exploring an acquisition of Kellanova (NYSE: K, $73.20, Market Capitalization $25.1 billion), a leader in global snacking, international cereal and noodles (for more information, visit spinoffresearch.com). The news of a potential deal sent Kellanova's shares up ~10% to $73.20 on 8/5 compared to $62.98 on 8/4. The acquisition would test the appetite of regulators to allow consolidati ...

BATTLE CREEK, Mich., Aug. 6, 2024 /PRNewswire/ -- WK Kellogg Co (NYSE: KLG), today published its 2024 second quarter results in documents posted to the company website at https://investor.wkkellogg.com/news-events/events-and-presentations/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 furnished with the U.S. Securities and Exchange Commission and is available on its website at www. ...

Key Takeaways Kellanova beats profit and sales estimates and boosts its guidance as volumes increase in North and Latin America. North American sales rose 0.7% year-over-year, and volumes grew 2.0%. Kellanova shares rose about 5% in intraday trading Thursday. Shares of Pringles and Pop-Tarts parent Kellanova (K) rose in intraday trading Thursday as the cereal and snack food maker reported better-than-expected results and raised its guidance, boosted by North and Latin American demand. The company formerly k ...

Kellanova (K) delivered second-quarter 2024 results, wherein both the top and bottom lines exceeded the Zacks Consensus Estimate, and earnings increased year over year. While sales declined year over year, the company saw an increase in organic sales. Backed by a better-than-expected first half, management pulled up its guidance for 2024. Shares of Kellanova jumped more than 4% in the pre-market trading session on Aug 1. Kellanova's second-quarter results demonstrate strong performance. Volumes returned to ...

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 ...

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 ...

Core Viewpoint - Analysts forecast that Kellanova (K) will report quarterly earnings of $0.90 per share, indicating a year-over-year decline of 28%, with revenues expected to be $3.15 billion, reflecting a decline of 22.1% compared to the previous year [1]. Earnings Estimates - The consensus EPS estimate has been revised downward by 1% over the past 30 days, indicating a collective reassessment by analysts [2]. - Changes in earnings estimates are crucial for predicting investor reactions, as empirical studies show a strong correlation between earnings estimate revisions and short-term stock performance [3]. Revenue Estimates - The consensus estimate for 'Net sales - Europe' is $643.34 million, showing a decline of 3.8% year-over-year [5]. - 'Net sales - North America' is projected to reach $1.65 billion, reflecting a significant decline of 29.2% from the year-ago quarter [5]. - 'Net sales - AMEA' is expected to be $515.86 million, indicating a year-over-year decline of 27.6% [5]. - 'Net sales - Latin America' is estimated at $338.75 million, suggesting a slight increase of 0.8% year-over-year [9]. Price/Mix Impact - Analysts estimate that 'Net sales - Consolidated - price/mix impact - YoY change' will be 6.5%, down from 14.7% in the previous year [6]. - The 'Net sales - Latin America - Price/mix impact - YoY change' is expected to be 4.7%, compared to 19.5% last year [7]. - The estimate for 'Net sales - North America - Price/mix impact - YoY change' is 1.0%, down from 14.4% year-over-year [10]. - 'Net sales - Europe - Price/mix impact - YoY change' is projected at 5.8%, a decrease from 14.3% in the previous year [13]. - 'Net sales - AMEA - Price/mix impact - YoY change' is forecasted to be 20.7%, up from 17.2% last year [14]. Total Reported Growth - The consensus among analysts suggests that 'Total Reported growth' will likely reach -6.2%, contrasting with a growth of 4.6% in the same quarter last year [12]. - 'Total Reported growth - North America' is expected to be 0.0%, compared to 3.4% reported in the same quarter last year [8]. Stock Performance - Kellanova shares have experienced a change of +0.7% in the past month, compared to a +0.1% move of the Zacks S&P 500 composite [9].

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 ...

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 ...