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Kellanova (K)
NYSE:K
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Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.83Last Year’s EPS
$0.76Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: 0.47%
|Next Earnings Date:Feb 06, 2025
Earnings Call Sentiment|Positive
The sentiment of the earnings call is positive overall, driven by strong growth in North America and Latin America, significant margin improvements, successful innovation launches, and a raised full-year guidance. However, challenges remain in Nigeria due to currency issues and in Europe due to market elasticity.Company Guidance
In the second quarter of 2024, Kellanova reported strong financial performance and provided updated guidance for the year. The company achieved a 4% organic growth in net sales, with a 16% increase in currency-neutral adjusted operating profit, and a 14% growth in earnings per share on a currency-neutral basis. Free cash flow also improved year-on-year. Kellanova raised its full-year guidance, now anticipating organic net sales growth of about 3.5%, with adjusted operating profit expected to fall between $1.85 billion and $1.9 billion. The guidance reflects a gross margin target of over 35% and an operating margin of about 14% for 2024, with a goal of reaching a 15% operating margin by 2026. The company's performance was driven by innovation, increased brand investment, and improved profit margins, particularly in North America, where volume growth returned.Strong North America Volume Growth
North America saw a return to volume growth in Q2, with improved sequential performance. Pringles led this growth with increased distribution and innovation.
Raised Full Year Guidance
Kellanova raised its full-year guidance for organic net sales growth to about 3.5% and adjusted operating profit to $1.85 billion to $1.9 billion, reflecting better-than-expected first-half performance.
Significant Margin Improvement
Operating profit margin improved, with a target of 15% by 2026. The gross profit margin increased by close to 340 basis points year-on-year in Q2.
Innovation Rebound
Kellanova launched significant innovations, such as Pringles Mingles in North America, contributing to increased consumer engagement and expected sales growth.
Latin America Performance
Organic net sales in Latin America increased by 4%, driven by growth in both snacks and cereal, particularly in Mexico.
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K Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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K Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $80.28 | $80.08 | -0.25% |
| Aug 01, 2024 | $57.33 | $61.18 | +6.72% |
| May 02, 2024 | $55.66 | $59.86 | +7.55% |
| Feb 08, 2024 | $51.92 | $53.13 | +2.33% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kellanova (K) report earnings?
Kellanova (K) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Kellanova (K) earnings time?
Kellanova (K) earnings time is at Feb 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is K EPS forecast?
K EPS forecast for the fiscal quarter 2024 (Q4) is $0.83.
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