Kellanova posted modest organic revenue growth in Q2 2025, driven by strength in the Africa noodles business. However, the company faced challenges from demand softness in core categories, leading to declines in operating profit and EPS. Management exceeded internal expectations despite the macro environment and continues to focus on executing through the pending Mars merger.
Net sales rose slightly to $3.203 billion, with organic sales also up modestly.
Reported operating profit declined 11% to $438 million, while adjusted operating profit fell 5%.
EPS was $0.85, with adjusted EPS at $0.94, down from $1.00 and $1.01, respectively.
Growth in AMEA—especially African noodles—offset broader softness in snacking and frozen foods.
Due to the pending merger with Mars, Incorporated, Kellanova is not providing forward-looking guidance.
Visualization of income flow from segment revenue to net income