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.)
