Kellanova Q3 net sales rise, beat estimates

Reuters10-30

Kellanova Q3 net sales rise, beat estimates

Overview

Kellanova Q3 net sales rose slightly, beating analyst expectations
Adjusted EPS for Q3 beat consensus, despite higher costs and lower mark-to-market benefits
Pending Mars acquisition expected to close by end of 2025

Outlook

Company will not provide forward-looking guidance due to pending merger with Mars

Result Drivers

NOODLES IN AFRICA - Growth in noodles business in Africa offset softness in other categories
EXPENSE DISCIPLINE - Productivity and reduced incentive compensation helped exceed internal expectations for adjusted operating profit and EPS

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Net Sales	Beat	$3.26 bln	$3.24 bln (13 Analysts)
Q3 Adjusted EPS	Beat	$0.94	$0.86 (14 Analysts)
Q3 EPS		$0.88

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 15 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy."
Wall Street's median 12-month price target for Kellanova is $83.50, about 0.6% above its October 29 closing price of $83.02
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(This story was created using Reuters automation and AI based on LSEG and company data. 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