NYSE$K

Kellanova · Q3 2024 earnings

Q3 2024 earnings · · Investor relations

Briefing

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

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.

Headline financials

Total Revenue

$3.23B

Previous: $3.94B-17.9%
EPS (adj)

$0.91

Previous: $1.03-11.7%
Organic revenue growth

0.0%

Previous: 3.9%-100.0%
Reported op. profit growth

0.0%

No prior period
Adj. op. profit growth

0.0%

No prior period
FXN adj. op. profit growth

0.0%

No prior period
Reported EPS growth

1.1%

No prior period
Adjusted EPS growth

0.9%

No prior period
FXN adj. EPS growth

0.9%

No prior period
Capital Expenditures

-$143M

Previous: -$167M+14.4%
Net Income

$367M

Previous: $270M+35.9%
Operating Income

$456M

Previous: $482M-5.4%
Gross Profit

$1.18B

Previous: $1.34B-12.4%
Stock-Based Comp

$25M

Previous: $19M+31.6%

Revenue & EPS history

Kellanova · Revenue · Quarterly

$3.23B

Q3 2024-17.9%vs Q3 2023
Beat estimate in 13 of 16 quarters(81%)
ActualEstimate

Revenue by segment

Kellanova · $3.94B total across 4 segments · Q3 2023

  • North America
    $2.33B-0.4%
  • AMEA
    $657M-14.3%
  • Europe
    $616M+9.6%
  • Latin America
    $338M+19.4%

Forward guidance

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

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 15 quarterly earnings reports · overlaid with Q3 2024

Historical avgQ3 2024

+0.6%

Avg return

Earnings day

+2.4%

Avg return

5 days after

+1.4%

Avg return

30 days after

49%

33 / 67 earnings

Positive

+8.9%

Q2 2019

Best reaction

-10.9%

Q3 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026
Q4 2025
Q3 2025+0.1%+0.2%+0.7%
Q2 2025-0.0%-0.1%-0.4%
Q1 2025-0.0%-0.9%-0.6%
Q4 2024+0.3%+0.4%+0.7%
Q3 2024-0.3%+0.0%+0.3%
Q2 2024+8.3%+26.1%+38.3%
Q1 2024+6.2%+8.2%+5.8%
Q4 2023-0.4%+1.0%+1.0%
Q3 2023+2.2%+2.6%+5.5%
Q2 2023-2.8%-4.8%-10.2%
Q1 2023-1.7%-1.5%-5.8%
Q4 2022+0.7%-0.0%-5.0%
Q3 2022-7.9%-5.8%-2.6%
Q2 2022+1.5%+1.7%-1.7%
Q1 2022+7.2%+7.5%-0.2%
Q4 2021+3.5%+4.6%-3.1%
Q3 2021-1.2%
Q2 2021+1.9%
Q1 2021+6.2%
Q4 2020-1.3%
Q3 2020-0.9%
Q2 2020-2.7%
Q1 2020-0.1%
Q4 2019-7.5%
Q3 2019+4.6%
Q2 2019+8.9%
Q1 2019-4.9%
Q4 2018-6.4%
Q3 2018-10.9%
Q2 2018+3.9%
Q1 2018+5.5%
Q4 2017+4.9%
Q3 2017+7.0%
Q2 2017+3.2%
Q1 2017+2.5%
Q4 2016+3.4%
Q3 2016-0.1%
Q2 2016+2.0%
Q1 2016-2.6%
Q4 2015+5.8%
Q3 2015-2.7%
Q2 2015+3.9%
Q1 2015-1.8%
Q4 2014-4.7%
Q3 2014+2.4%
Q2 2014-3.6%
Q1 2014-1.8%
Q4 2013+1.7%
Q3 2013+1.3%
Q2 2013-1.5%
Q1 2013-1.5%
Q4 2012+1.5%
Q4 2011+2.0%
Q3 2012+2.6%
Q2 2012+5.3%
Q1 2012-0.3%
Q3 2011-1.0%
Q2 2011-1.4%
Q1 2011-0.4%
Q1 2010+1.0%
Q4 2007-0.3%
Q4 2010-0.3%
Q3 2009+0.8%
Q3 2010+0.8%
Q2 2010-0.1%
Q4 2009-0.1%
Q2 2009-0.1%

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