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Steve Cahillane, Kellanova CEO, joins 'Money Movers' to discuss how Kellanova is differentiating themselves from competitors, how Cheez-Its will launch globally, and this era of inflation will see food prices fall at its end.

Kellanova (K) Q4 2023 Earnings Call Transcript

Kellanova (K) delivers fourth-quarter 2023 results with increased net sales and earnings on the back of sustained momentum across emerging markets.

Although the revenue and EPS for Kellanova (K) give a sense of how its business performed in the quarter ended December 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Shares of Kellanova K, -1.36%, formerly known as Kellogg, climbed 2% ahead of Thursday's open, as the snacks and cereal company, with brands including Pop-Tarts, Cheez-It and Special K, beat fourth-quarter earnings expectations, as price increases offset a decline in volume and the divestiture of its business in Russia. The company swung to net income of $27 million, or 8 cents a share, from a loss of $99 million, or 29 cents a share, in the year-ago period.

Kellanova's (K) fourth-quarter performance is likely to reflect the adverse impact of rising costs and supply-chain bottlenecks. Unfavorable foreign currency rates are a hurdle.

CHICAGO , Feb. 2, 2024 /PRNewswire/ -- Kellanova (NYSE: K) will webcast its presentation to the 2024 Consumer Analyst Group of New York Conference live at 2:00 pm ET, Wednesday, February 21, 2024.  Speaking on behalf of Kellanova will be Steve Cahillane, Chairman, President & Chief Executive Officer; Amit Banati, Vice Chairman & Chief Financial Officer; Shumit Kapoor, Senior Vice President and President Kellanova, Asia Pacific, Middle East and Africa; and David Lawlor, Senior Vice President & President Kellanova Europe.

CHICAGO , Jan. 16, 2024 /PRNewswire/ -- Kellanova (NYSE: K) plans to issue its 2023 fourth quarter financial results at approximately 8:00 am EST on Thursday, February 8, 2024.  The following documents will be available on the Company website https://investor.kellanova.com  at 8:00 am EST: Press release, financial tables, GAAP reconciliations, prior periods' results recast for discontinued operations, and presentation slides.

Pop-Tarts are ubiquitous in American culture, beloved by both children and adults, and eaten for breakfast, a snack or dessert.

Kellanova, formerly known as Kellogg Company, is now a snack-focused business after spinning off its North American cereals business. Over 80% of Kellanova's annual net sales come from snacks and emerging markets, demonstrating a focus on high growth areas. Despite challenges, Kellanova has shown sustained organic net sales growth, restored gross profit margins, and above-algorithm growth in operating profit.