Group 1: Product Innovation - Nutri-Grain is addressing the under-consumption of whole grains among Americans, with a study indicating that consumption is only 39% to 61% of the recommended daily intake [1] - The brand has upgraded its bars to provide better nutrition while maintaining familiar flavors, featuring a hearty texture and a variety of fruity fillings [2] - The new bars are designed to simplify the snack selection process with clear ingredient callouts and an easy-to-navigate layout [2] Group 2: Brand Philosophy - Nutri-Grain aims to support individuals who juggle multiple responsibilities, providing snacks that meet their needs and expectations [3] - The brand emphasizes that "good enough" is more than sufficient for its consumers, aligning with its mission to cater to busy lifestyles [3] Group 3: Marketing and Outreach - Nutri-Grain plans to extend its marketing efforts beyond grocery stores with engaging activations to connect with consumers [4] - The new bars are being rolled out nationwide across all core flavors, with updates available on their social media [4] Group 4: Company Overview - Kellanova, the parent company of Nutri-Grain, is a leader in global snacking and has a legacy of over 100 years, with net sales of approximately $13 billion for 2024 [5] - The company is focused on creating better days and ensuring equitable food access, aiming to positively impact 4 billion people by 2030 [6]

Core Points - Kinross Gold Corporation held its virtual Annual Meeting of Shareholders on May 7, 2025, where the Board of Directors was elected [1] - The voting results showed strong support for the nominees, with most receiving over 95% approval [2][3] Board of Directors Voting Results - George V. Albino received 99.36% approval with 871,979,303 votes for [2] - Kerry D. Dyte had 83.19% approval, receiving 730,095,578 votes for [2] - Glenn A. Ives received 98.62% approval with 865,501,652 votes for [2] - Ave G. Lethbridge had 96.27% approval, receiving 844,857,990 votes for [2] - Michael A. Lewis received 95.62% approval with 839,174,118 votes for [2] - Elizabeth D. McGregor had 99.62% approval, receiving 874,253,046 votes for [2] - Kelly J. Osborne received 95.09% approval with 834,518,595 votes for [2] - George N. Paspalas had 99.34% approval, receiving 871,831,842 votes for [2] - J. Paul Rollinson received 99.40% approval with 872,283,204 votes for [2] - David A. Scott had 99.62% approval, receiving 874,280,120 votes for [2] Other Items of Business Voting Results - The "Say on Pay" resolution on executive compensation received 93.69% approval with 822,213,730 votes for [4] - The appointment of auditors was approved with 92.47%, receiving 866,323,042 votes for [5]

Core Insights - Kinross Gold Corporation reported strong operational performance in Q1 2025, with free cash flow more than doubling year-over-year to over $370 million, driven by a 67% increase in margins to $1,814 per ounce sold, significantly outpacing the 38% increase in gold prices [6][18][19]. Financial Performance - Revenue for Q1 2025 increased to $1,497.5 million, a 38% rise from $1,081.5 million in Q1 2024, attributed to higher average metal prices [15]. - Reported net earnings more than tripled to $368.0 million, or $0.30 per share, compared to $107.0 million, or $0.09 per share, in Q1 2024 [19]. - Attributable free cash flow increased to $370.8 million in Q1 2025, compared to $145.3 million in Q1 2024 [18]. Production and Costs - Kinross produced 512,088 gold equivalent ounces in Q1 2025, slightly down from 527,399 ounces in Q1 2024 [14]. - The production cost of sales per gold equivalent ounce sold rose to $1,043 in Q1 2025 from $982 in Q1 2024 [15]. - Attributable all-in sustaining cost per gold equivalent ounce sold was $1,355 in Q1 2025, compared to $1,310 in Q1 2024 [17]. Capital Allocation and Shareholder Returns - The company plans to return $650 million to shareholders by 2025 through dividends and share buybacks, having reactivated its share buyback program with approximately $60 million repurchased to date [4][25][26]. - A quarterly dividend of $0.03 per common share was declared, payable on June 12, 2025 [26]. Balance Sheet and Liquidity - Kinross improved its balance sheet by repaying the remaining $200 million of its term loan, resulting in cash and cash equivalents of $694.6 million as of March 31, 2025 [21][22]. - The company has total liquidity of approximately $2.3 billion, with an investment grade rating of Baa3 from Moody's [22]. Operational Highlights - Strong performance was noted at Paracatu and Fort Knox, with increased production and improved recoveries [9][31]. - Development projects, including the Great Bear AEX program and Round Mountain Phase X, are progressing well, with significant drilling results supporting high-margin production potential [35][39]. Sustainability Initiatives - Kinross is committed to sustainability, having completed a municipal hospital renovation in Brazil and formalized a partnership with Lakehead University for research on geology and mining [47][48]. - The company plans to publish its 2024 Sustainability Report later this month [49].

Milwaukee, Wisconsin, May 06, 2025 (GLOBE NEWSWIRE) -- Cheez-It™ Frozen Pizza is the unexpected collaboration snack fans didn't know they needed. Palermo Villa, Inc., a frozen pizza giant, and Cheez-It®, a leading snack brand, have partnered to bring Cheez-It Frozen Pizza to life – a 12 inch, ultra-thin, and crispy Original Cheez-It flavored crust made with 100% real cheese, paired with your favorite pizza toppings to remind you of the irresistible, cheesy flavor you love. Beanstalk, Kellanova's exclusive g ...

Acquisition Details - Kinross Gold Corporation has acquired 7,574,237 units of Eminent Gold Corp at a price of $0.40 per unit, totaling an aggregate purchase price of $3,029,694.80 [1] - The acquisition was part of a private placement by Eminent, which involved 10,711,900 units, each consisting of one common share and one-half of a share purchase warrant [1] Ownership and Control - Following the acquisition, Kinross holds approximately 9.9% of the issued and outstanding shares of Eminent on a non-diluted basis and 14.15% on a partially diluted basis [2] - Prior to the acquisition, Kinross did not own any securities of Eminent [2] Investment Strategy - Kinross acquired the units for investment purposes and may adjust its investment in Eminent through various means, including market transactions and private placements [4] - The company has agreed to a standstill at 19.9% on a partially diluted basis [4] Company Overview - Kinross Gold Corporation is a Canadian-based global senior gold mining company with operations in the United States, Brazil, Mauritania, Chile, and Canada [5] - The company focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [5]

Core Insights - Kellanova reported $3.08 billion in revenue for the quarter ended March 2025, reflecting a year-over-year decline of 3.7% and an EPS of $0.90, down from $1.01 a year ago [1] - The revenue fell short of the Zacks Consensus Estimate of $3.11 billion by 0.78%, and the EPS was 8.16% below the consensus estimate of $0.98 [1] Financial Performance Metrics - Net sales in the AMEA region decreased by 13.6%, compared to an estimated decline of 11.2% [4] - In Latin America, net sales saw a volume impact decline of 6.2%, against an expected increase of 0.3% [4] - Total reported growth in AMEA was 3.3%, surpassing the estimated decline of 4.7% [4] - Total reported growth in Latin America was -15.2%, worse than the estimated decline of 8.9% [4] - Total reported growth in Europe was -3.4%, compared to an estimated decline of 2.1% [4] - Total reported growth in North America was -4.1%, against an estimated decline of 1.5% [4] - Net sales in North America were $1.62 billion, below the estimated $1.66 billion, representing a year-over-year decline of 4.1% [4] - Net sales in AMEA were $620 million, exceeding the estimated $571.91 million, showing a year-over-year increase of 3.3% [4] - Net sales in Latin America were $266 million, below the estimated $285.85 million, reflecting a year-over-year decline of 15.3% [4] - Net sales in Europe were $579 million, slightly below the estimated $586.27 million, indicating a year-over-year decline of 3.3% [4] Stock Performance - Kellanova shares returned +0.4% over the past month, while the Zacks S&P 500 composite declined by -0.7% [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]

Group 1: Earnings Performance - Kellanova reported quarterly earnings of $0.90 per share, missing the Zacks Consensus Estimate of $0.98 per share, and down from $1.01 per share a year ago, representing an earnings surprise of -8.16% [1] - The company posted revenues of $3.08 billion for the quarter ended March 2025, missing the Zacks Consensus Estimate by 0.78%, and down from $3.2 billion year-over-year [2] - Over the last four quarters, Kellanova has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Kellanova shares have increased by about 2.2% since the beginning of the year, while the S&P 500 has declined by -5.3% [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 coming quarter is $1.01 on revenues of $3.2 billion, and for the current fiscal year, it is $3.91 on revenues of $12.85 billion [7] Group 3: Industry Context - The Consumer Products - Discretionary industry, to which Kellanova belongs, is currently in the bottom 22% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Kellanova's stock performance [5] - The estimate revisions trend for Kellanova is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, suggesting it may underperform the market in the near future [6]

Financial Performance - Reported net sales for Q1 2025 were $3,083 million, a decrease of 3.6% compared to $3,200 million in Q1 2024[7] - Organic net sales increased by 0.7% year on year, reaching $3,222 million, despite category softness[6] - Reported operating profit rose by 9.3% to $430 million, primarily due to lapping prior-year restructuring charges[7] - Adjusted operating profit decreased by 13.1% to $441 million, reflecting higher costs and adverse business mix[7] - Reported diluted earnings per share increased by 11.5% to $0.87, driven by higher operating profit and a lower effective tax rate[7] - Net income attributable to Kellanova was $304 million, representing a 13.9% increase from $267 million in the same quarter last year[35] - Basic earnings per share rose to $0.88, compared to $0.78 for the same quarter in 2024, reflecting a 12.8% increase[35] - Reported gross profit for the quarter was $1,059 million, with a gross margin of 34.3%, compared to $1,030 million and 32.2% in the same quarter of 2024[46][48] - Adjusted operating profit for the quarter was $441 million, with a reported operating margin of 13.9%, up from $393 million and 12.3% in the prior year[51][54] - The company reported diluted earnings per share (EPS) of $0.87 for the quarter, compared to $0.78 in the same quarter of 2024, reflecting a growth of 11.6%[59] Cash Flow and Assets - Year-to-date net cash provided by operating activities was $116 million, down from $366 million in the prior year[12] - Free cash flow for the year-to-date was $(60) million, a decrease of $269 million from the previous year[12] - Cash and cash equivalents at the end of the period decreased to $330 million from $694 million at the beginning of the period[38] - The company reported a net cash used in investing activities of $152 million, compared to $333 million in the same period last year[37] - Total assets decreased to $15,474 million from $15,628 million at the end of the previous quarter[38] - Current liabilities decreased to $4,341 million from $4,660 million at the end of the previous quarter[38] - Long-term debt increased to $5,027 million from $4,998 million at the end of the previous quarter[38] - The company's total debt liabilities decreased from $5,743 million in December 2024 to $5,617 million in March 2025, resulting in a net debt of $5,287 million[63] Regional Performance - North America's reported net sales decreased by 4% due to volume decline in snacking and frozen categories[16] - Latin America's reported net sales decreased by 15% year on year, significantly impacted by negative foreign currency translation[18] - North America Snacks reported a net sales decline of 5.0%, while Frozen products saw a slight increase of 0.3% in the first quarter of 2025 compared to 2024[62] - Latin America Snacks experienced a significant decline of 8.9%, and Cereal products dropped by 18.6% in net sales for the same period[62] Currency Impact - The foreign currency impact on reported net sales was a decrease of $138 million, affecting various regions including North America and AMEA[43] - Currency-neutral adjusted EPS was $0.93, showing a decline of 7.9% compared to the previous year[59] - The company evaluates operating results on a currency-neutral basis to assess the impact of foreign currency translation on financial performance[68] Acquisition and Costs - The pending acquisition by Mars, Incorporated is expected to close within the first half of 2025, with shareowners approving the transaction[3] - Separation costs related to the company's transaction amounted to $5 million for the quarter ended March 29, 2025, down from $12 million in the prior year[65] - Network optimization efforts incurred pre-tax charges of $6 million in the first quarter of 2025, significantly lower than the $101 million recorded in the same quarter of 2024[66] - Proposed merger costs related to the acquisition agreement with Mars resulted in pre-tax charges of $6 million for the quarter ended March 29, 2025[67] - Pre-tax mark-to-market gains were recorded at $4 million for the quarter ended March 29, 2025, compared to $12 million for the same quarter in 2024[64]

Core Viewpoint - Kellanova is expected to report a decline in quarterly earnings and revenues, with analysts predicting earnings of $0.98 per share and revenues of $3.13 billion, reflecting decreases of 3% and 2.1% year-over-year respectively [1] Financial Estimates - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating analysts' reassessment of their forecasts [1] - Analysts project 'Net sales- Latin America' at $285.85 million, a decrease of 9% from the prior-year quarter [4] - 'Net sales- Europe' is estimated at $586.27 million, reflecting a decline of 2.1% year-over-year [4] - 'Net sales- North America' is expected to reach $1.66 billion, indicating a decrease of 1.5% from the previous year [4] - 'Net sales- AMEA' is forecasted at $571.91 million, suggesting a year-over-year decline of 4.7% [5] Growth Metrics - Total reported growth for Latin America is expected to be -8.9%, down from 10.9% in the same quarter last year [5] - 'Net sales - Latin America - Forex impact - YoY change' is projected at -12.4%, compared to 5.7% a year ago [5] - 'Net sales - AMEA - Price / mix impact - YoY change' is estimated at 11.7%, down from 19.4% in the same quarter last year [6] - 'Net sales - Europe - Price / mix impact - YoY change' is expected to be 2.3%, compared to 9.5% a year ago [6] - 'Net sales - North America - Price / mix impact - YoY change' stands at -0.8%, down from 4.8% year-over-year [7] - 'Net sales - Consolidated - price / mix impact - YoY change' is projected at 2.4%, compared to 8.5% in the previous year [7] Profitability Estimates - 'Adjusted Operating Profit / (loss)- Latin America' is expected to be $20.94 million, down from $25 million year-over-year [8] - 'Adjusted Operating Profit / (loss)- Europe' is projected at $98.12 million, slightly up from $98 million in the same quarter last year [8] Stock Performance - Kellanova shares have experienced a change of -0.1% over the past month, compared to a -0.8% move in the Zacks S&P 500 composite [9] - The company holds a Zacks Rank 4 (Sell), indicating expectations of underperformance relative to the overall market [9]

Group 1 - The article provides an overview of the market capitalization changes of major global technology and internet companies as of April 28, 2025, highlighting both increases and decreases in their valuations [1][3][4]. - Companies like Palantir and AMD showed significant increases in market value, with Palantir rising by 4.64% to a market cap of $2.536 billion and AMD increasing by 2.3% to $1.570 billion [3][4]. - Notable declines were observed in companies such as Uber, which decreased by 0.45% to a market cap of $1.633 billion, and Intel, which saw a significant drop of 6.7% to $0.937 billion [3][5]. Group 2 - The data indicates that the technology sector remains volatile, with fluctuations in market capitalization reflecting broader market trends and investor sentiment [1][6]. - Companies like Adobe and Spotify experienced modest gains, with Adobe increasing by 1.89% to $1.567 billion and Spotify rising by 2.44% to $1.270 billion, suggesting a stable interest in software and streaming services [4][5]. - The overall performance of the technology sector is mixed, with some companies thriving while others face challenges, indicating a diverse landscape within the industry [1][7].