Kellanova Q1 adjusted EPS up 29.5%, organic sales up 5.4%; reaffirms 2024 outlook

KELLANOVA

2024-Q1 EPS reported $0.78 revenue$3,200,000,000

Adjusted diluted EPS $1.01 vs $0.78 a year ago (+29.5%); reported EPS $0.78 (+16.4%).
Organic net sales +5.4% to $3,495M; reported net sales $3,200M (-4.3% on currency & Russia divestiture).
Adjusted operating profit $508M (+25.7%); reported operating profit $393M (+13.4%).
Management says profit margins restoring faster than expected; full-year 2024 guidance reaffirmed unchanged.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

KELLANOVA reported quarter ended March 30, 2024 results: revenue $3,200, EPS $0.78. Guidance reaffirmed.

Period: quarter ended March 30, 2024
Revenue: $3,200
EPS: $0.78
Guidance: reaffirmed
Result: reported results

Exact text from the filing

delivering results and creating shareowner value." 1 Financial Summary: Quarter ended (millions, except per share data) March 30, 2024 April 1, 2023 % Change Reported Net Sales $ 3,200 $ 3,342 (4.3) % Organic Net Sales * $ 3,495 $ 3,315 5.4 % Reported Operating Profit $ 393 $ 346 13.4 % Adjusted Operating Profit * $ 508 $ 404 25.7 % Currency-Neutral Adjusted

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Source: SEC EDGAR

accession 0001628280-24-019802

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