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Sep 28, 2024

Kellanova Q3 2024 Earnings Report

Reported strong third quarter results driven by organic growth and improved profitability.

Key Takeaways

Kellanova reported strong third-quarter results with organic net sales growth above its long-term target range and double-digit operating profit growth. Earnings per share continued their double-digit growth momentum owing to higher operating profit.

Net sales in the third quarter were negatively impacted by adverse currency translation.

Organic-basis growth was above its long-term target range.

Double-digit operating profit growth was sustained.

Earnings per share continued their double-digit growth momentum owing to higher operating profit.

Total Revenue
$3.23B
Previous year: $3.94B
-17.9%
EPS
$0.91
Previous year: $1.03
-11.7%
Organic Revenue Growth
6.1%
Previous year: 3.9%
+56.4%
Gross Profit
$1.18B
Previous year: $1.34B
-12.4%
Cash and Equivalents
$569M
Previous year: $1.1B
-48.2%
Free Cash Flow
$853M
Previous year: $894M
-4.6%
Total Assets
$15.8B
Previous year: $18.7B
-15.7%

Kellanova

Kellanova

Kellanova Revenue by Segment

Kellanova Revenue by Geographic Location

Forward Guidance

Due to the pending merger with Mars, Incorporated, Kellanova will not be providing forward-looking guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income