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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
Kellanova (K) reported $3.12 billion in revenue for the quarter ended December 2024, representing a year-over-year decline of 1.6%. EPS of $0.92 for the same period compares to $0.78 a year ago.The reported revenue represents a surprise of +1.00% over the Zacks Consensus Estimate of $3.09 billion. With the consensus EPS estimate being $0.82, the EPS surprise was +12.20%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine thei ...
Kellanova (K) Beats Q4 Earnings and Revenue Estimates
ZACKS· 2025-02-06 15:11
Kellanova (K) came out with quarterly earnings of $0.92 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 12.20%. 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 $0.91, delivering a surprise of 7.06%.Over the last four q ...
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
CHICAGO, Feb. 6, 2025 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2024 fourth quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx. 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.About KellanovaKellanova (NYSE: K) is a leader in global snacking, international cereal and noodles, and North America frozen foods with a leg ...
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]