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Kellogg(K) - 2023 Q4 - Earnings Call Presentation
2024-02-08 19:18
1 Forward-Looking Statements 3 50% International | --- | --- | |---------------------------------------------|-------| | | | | Delivering Results | | | ➢ Executed transformational spin-off | | | ➢ In line with guidance | | | ➢ Above-algorithm top-line growth | | | ➢ Continued restoration of profit margins | | | | | | ➢ Above-algorithm profit growth | | | ➢ Strong free cash flow and balance sheet | | | | | • Normalizing category elasticities – peak during 1H…and then begin to lap 2 OF 21 Differentiated Portf ...
Kellogg(K) - 2023 Q4 - Earnings Call Transcript
2024-02-08 17:24
Company Participants Steve Cahillane â Chairman, President and Chief Executive Officer Conference Call Participants Tom Palmer â Citi Rob Dickerson â Jefferies Chris Carey â Wells Fargo Michael Lavery â Piper Sandler Operator At this time, I will turn the call over to John Renwick, Vice President of Investor Relations and Corporate Planning for Kellanova. Mr. Renwick, you may begin your conference call. Thank you, operator. Good morning and thank you for joining us today for a review of our fourth quarter r ...
Kellanova (K) Stock Up on Former Kellogg's Q4 Earnings Beat
Zacks Investment Research· 2024-02-08 16:35
Kellanova (K) delivered fourth-quarter 2023 results for the company that formerly operated as Kellogg Company. The company’s top and bottom line increased year over year and surpassed the Zacks Consensus Estimate in the quarter. Results gained from a focus on revenue growth management and sustained momentum across emerging markets. K’s shares were up more than 1.5% in the pre-market trading session on Feb 8.Quarter in DetailKellanova reported adjusted earnings of 78 cents per share, increasing 21.9% year ov ...
Kellanova (K) Reports Q4 Earnings: What Key Metrics Have to Say
Zacks Investment Research· 2024-02-08 16:31
Kellanova (K) reported $3.17 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 17.2%. EPS of $0.78 for the same period compares to $0.94 a year ago.The reported revenue represents a surprise of +2.67% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being $0.74, the EPS surprise was +5.41%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...
Kellanova's stock climbs after earnings beat, as higher prices offset a drop in volume for the snacks and cereal company
Market Watch· 2024-02-08 13:19
Shares of Kellanova K, -1.36%, formerly known as Kellogg, climbed 2% ahead of Thursday’s open, as the snacks and cereal company, with brands including Pop-Tarts, Cheez-It and Special K, beat fourth-quarter earnings expectations, as price increases offset a decline in volume and the divestiture of its business in Russia. The company swung to net income of $27 million, or 8 cents a share, from a loss of $99 million, or 29 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings ...
Kellanova Reports 2023 Fourth Quarter Results
Prnewswire· 2024-02-08 13:00
CHICAGO, Feb. 8, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2023 fourth quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx. Documents immediately available include: 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 ...
Kellanova (K) Q4 Earnings Coming Up: Factors to Consider
Zacks Investment Research· 2024-02-07 15:51
Kellanova (K) is likely to register top- and bottom-line decline when it reports fourth-quarter 2023 earnings on Feb 8. The Zacks Consensus Estimate for revenues is pegged at $3.1 billion, suggesting a fall of 19.4% from the prior-year quarter’s reported figure. The consensus mark for 2023 revenues is pegged at $15.1 billion, suggesting a decline of 1.3% from the year-ago period’s reported figure.The Zacks Consensus Estimate for quarterly earnings has remained unchanged in the past 30 days at 74 cents per s ...
CHRIS PRATT IS MR. P: PRINGLES® 2024 BIG GAME AD SPOT SHOWS THE HOLLYWOOD STAR'S UNCANNY RESEMBLENCE TO THE ICONIC MUSTACHED CHARACTER
Prnewswire· 2024-02-05 14:15
Celebrating Fans Flocking to Find Mr. P Beyond the Snack Aisle – Once You See Mr. P, You Won't Be Able to Unsee Him CHICAGO, Feb. 5, 2024 /PRNewswire/ -- Pringles® is once again bringing the flavor and fun on America's most hyped gameday with its irresistibly delicious crisps, iconic mustached character and the release of its seventh consecutive Big Game ad spot, "Mr. P". From pet faces and latte foam to classic boardgame characters and football stars, fans have long spotted "the Pringles guy" (aka Mr. P) i ...
Kellanova to Webcast Presentation at 2024 CAGNY Conference
Prnewswire· 2024-02-02 17:00
CHICAGO, Feb. 2, 2024 /PRNewswire/ -- Kellanova (NYSE: K) will webcast its presentation to the 2024 Consumer Analyst Group of New York Conference live at 2:00 pm ET, Wednesday, February 21, 2024.  Speaking on behalf of Kellanova will be Steve Cahillane, Chairman, President & Chief Executive Officer; Amit Banati, Vice Chairman & Chief Financial Officer; Shumit Kapoor, Senior Vice President and President Kellanova, Asia Pacific, Middle East and Africa; and David Lawlor, Senior Vice President & President Kella ...
Kellanova set to achieve 90 percent renewable electricity across North America in 2024
Prnewswire· 2024-01-30 14:52
Pringles® and Pop-Tarts® maker continues to make progress on renewable electricity transformation Announcement represents significant step as part of Kellanova's Better Days Promise to advance sustainable and equitable access to food CHICAGO, Jan. 30, 2024 /PRNewswire/ -- Kellanova (NYSE: K), formerly known as Kellogg Company, a global snacks-led powerhouse, is pleased to announce that the maker of Cheez-It® and Rice Krispies Treats® is on track to reach its goal of creating a climate-positive future, incl ...