Cahillane brings a wealth of industry experience to Kraft Heinz, having most recently served as chief executive of Kellanova, where he oversaw the recent acquisition by Mars and the expansion of household brands including Pringles, Cheez-It, Pop-Tarts, and Kellogg's. More notably, he led the Kellogg Co. through the successful separation of its North American cereal business and the launch of Kellanova, a global snacking powerhouse. That experience should come in handy in the coming months. "Steve is uniquel ...

Headquartered in Chicago, Illinois, Kellanova (K) is a global manufacturer and marketer of snacks and convenience foods. Its diverse portfolio includes crackers, cereals, snack bars, savory snacks, frozen foods, noodles, and more. With a market cap of approximately $29 billion, Kellanova firmly claims “large-cap” status and sells powerhouse brands like Kellogg’s, Cheez-It, Pringles, Eggo, RXBAR, and Morningstar Farms across more than 180 countries. More News from Barchart K shares are trading only slig ...

Core Insights - Kellanova reported Q2 2025 organic net sales of $3,202 million, slightly exceeding analyst expectations of $3,188 million, reflecting a year-over-year increase of 0.3% [1][2] - Adjusted earnings per share (EPS) were $0.94, falling short of the expected $0.99 and representing a 6.9% decline from the previous year [1][2] - The company is focusing on growth in emerging markets and maintaining cost discipline, although it faces challenges in North America and Europe [1][4] Financial Performance - Revenue (GAAP) for Q2 2025 was $3.20 billion, a 0.3% increase from $3.19 billion in Q2 2024 [2] - Adjusted operating profit (Non-GAAP) decreased by 5.0% to $477 million from $502 million in the prior year [2][5] - Free cash flow for the year-to-date period turned negative at ($39 million), compared to $443 million generated in the same period last year [2][8] Regional Performance - North America saw organic net sales and sales volumes decline by 3.8% year over year, with adjusted operating profit down 5.6% [6] - Europe experienced a 5.1% drop in organic net sales and a 9.3% decrease in adjusted operating profit, attributed to order disruptions [6] - The AMEA region reported a significant 18.7% increase in organic net sales, driven by strong demand for noodles, particularly in Africa [7] Strategic Focus - Kellanova has completed the separation of its North America cereal business, allowing a shift in focus to global snacks and convenience foods [4] - The company is planning a merger with Mars, Inc., which is expected to influence its strategic direction [4][9] - Management emphasizes the importance of brand strength, international expansion, and efficient supply chain operations to navigate ongoing industry pressures [4][9]