Kellanova's 3Q Profit Falls on Weak Demand, High Costs

Dow Jones10-30

By Connor Hart

Kellanova said profit fell in the third quarter, as the company continues to face soft demand and higher costs.

The maker of Eggo waffles and Cheez-It crackers on Thursday posted a profit of $309 million, or 88 cents a share, for the quarter ended Sept. 27, down from $367 million, or $1.05 a share, in last year's comparable period.

Stripping out one-time items, earnings were 94 cents a share. Analysts surveyed by FactSet had been expecting 87 cents a share.

Sales edged 0.8% higher to $3.26 billion, roughly in line with Wall Street projections.

Chief Executive Steve Cahillane said the company is focusing on innovation, productivity and emerging-markets expansion to help offset the ongoing cyclical downturn.

The company, formerly known as Kellogg, said it would continue to not provide guidance while it works to close its $30 billion merger with privately held candy-maker Mars. The transaction is on track to close towards the end of the year.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

October 30, 2025 08:22 ET (12:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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The transaction is on track to close towards the end of the year. \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Connor Hart at connor.hart@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 30, 2025 08:22 ET (12:22 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4504","symbol_name":"桥水持仓","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2579494161","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2579494161","pubTimestamp":1761826920,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Kellanova said profit fell in the third quarter, as the company continues to face soft demand and higher costs.The maker of Eggo waffles and Cheez-It crackers on Thursday posted a profit of $309 million, or 88 cents a share, for the quarter ended Sept. 27, down from $367 million, or $1.05 a share, in last year's comparable period.Stripping out one-time items, earnings were 94 cents a share. 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The transaction is on track to close towards the end of the year. \n\n\n \n\n\n  Write to Connor Hart at connor.hart@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 30, 2025 08:22 ET (12:22 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.35.9","shortVersion":"4.35.9","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2579494161","isCrawlerRequest":true}