K Stock - Kellanova
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $12.75B | $13.12B | $12.65B | $11.75B | $13.77B |
| Gross Profit | $4.54B | $4.28B | $3.81B | $3.82B | $4.73B |
| Gross Margin | 35.6% | 32.6% | 30.1% | 32.5% | 34.3% |
| Operating Income | $1.87B | $1.50B | $1.21B | $1.38B | $1.76B |
| Net Income | $1.34B | $951.00M | $960.00M | $1.49B | $1.25B |
| Net Margin | 10.5% | 7.2% | 7.6% | 12.7% | 9.1% |
| EPS | $3.92 | $2.78 | $2.81 | $4.36 | $3.65 |
Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products consist of snacks, such as crackers, savory snacks, toaster pastries, cereal bars, granola bars, and bites; and convenience foods, including ready-to-eat cereals, frozen waffles, veggie foods, and noodles; and crisps. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, Morningstar Farms, Bisco, Club, Luxe, Minueto, Special K, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Müsli, Fruit n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, Choco Krispies, Melvin, Cornelius, Chocovore, Poperto, Pops the Bee, and Sammy the Seal brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was formerly known as Kellogg Company and changed its name to Kellanova in October 2023. Kellanova was founded in 1906 and is headquartered in Chicago, Illinois.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| August 20th 2025 | JP Morgan | Resumed | Neutral | $83.5 |
| May 29th 2025 | Citigroup | Resumed | Neutral | $83.5 |
| February 18th 2025 | RBC Capital Mkts | Upgrade | Outperform | $83.5 |
| November 1st 2024 | Exane BNP Paribas | Downgrade | Neutral | $83 |
| October 2nd 2024 | Argus | Downgrade | Hold | - |
| August 26th 2024 | DA Davidson | Downgrade | Neutral | $83.5← $80 |
| August 15th 2024 | RBC Capital Mkts | Downgrade | Sector Perform | - |
| August 12th 2024 | Goldman | Initiation | Neutral | $75 |
| August 5th 2024 | RBC Capital Mkts | Upgrade | Outperform | $76← $62 |
| August 5th 2024 | Exane BNP Paribas | Upgrade | Outperform | $74 |
| August 2nd 2024 | BofA Securities | Upgrade | Buy | $70← $62 |
| March 1st 2024 | DA Davidson | Initiation | Buy | $67 |
| February 1st 2024 | Citigroup | Initiation | Neutral | $57 |
| December 12th 2023 | Wells Fargo | Initiation | Equal Weight | $56 |
| November 9th 2023 | Barclays | Upgrade | Equal Weight | $55← $57 |
Earnings History & Surprises
KEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2025 | Oct 30, 2025 | $0.87 | $0.94 | +8.4% | ✓ BEAT |
Q3 2025 | Jul 31, 2025 | $0.99 | $0.94 | -5.0% | ✗ MISS |
Q2 2025 | May 1, 2025 | $1.01 | $0.90 | -10.9% | ✗ MISS |
Q1 2025 | Feb 6, 2025 | $0.31 | $0.92 | +196.8% | ✓ BEAT |
Q4 2024 | Oct 31, 2024 | $0.85 | $0.91 | +7.1% | ✓ BEAT |
Q3 2024 | Aug 1, 2024 | $0.90 | $1.01 | +12.2% | ✓ BEAT |
Q2 2024 | May 2, 2024 | $0.85 | $1.01 | +18.8% | ✓ BEAT |
Q1 2024 | Feb 8, 2024 | $0.74 | $0.78 | +5.4% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $0.91 | $1.03 | +13.2% | ✓ BEAT |
Q3 2023 | Aug 3, 2023 | $1.11 | $1.25 | +12.6% | ✓ BEAT |
Q2 2023 | May 4, 2023 | $0.99 | $1.10 | +11.1% | ✓ BEAT |
Q1 2023 | Feb 9, 2023 | $0.84 | $0.94 | +11.9% | ✓ BEAT |
Q4 2022 | Nov 3, 2022 | $0.98 | $1.01 | +3.1% | ✓ BEAT |
Q3 2022 | Aug 4, 2022 | $1.05 | $1.18 | +12.4% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $0.93 | $1.10 | +18.3% | ✓ BEAT |
Q1 2022 | Feb 10, 2022 | $0.79 | $0.83 | +5.1% | ✓ BEAT |
Q4 2021 | Nov 4, 2021 | $0.93 | $1.09 | +17.2% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $1.03 | $1.14 | +10.7% | ✓ BEAT |
Q2 2021 | May 6, 2021 | $0.96 | $1.11 | +15.6% | ✓ BEAT |
Q1 2021 | Feb 11, 2021 | $0.90 | $0.86 | -4.4% | ✗ MISS |
Latest News
Ares Management Will Replace Kellanova In The S&P 500 Effective Prior To The Open Of Trading On Thursday, December 11
📈 PositiveEuropean Commission Clears Mars' Acquisition Of Kellanova On December 11, 2025
📈 PositiveSan Francisco Attorney Sues Food Manufacturers Over Alleged Harms Of Ultra-Processed Foods
📉 NegativeKellanova Q3 Adj. EPS $0.94 Beats $0.87 Estimate, Sales $3.260B Beat $3.245B Estimate
📈 Positive'Mars set to win unconditional EU nod for $36 billion Kellanova deal, sources say' -Reuters
📈 PositiveKellanova shares are trading higher. The Capital Forum reported that the EC is leaning towards clearing the Mars/Kellanova $36 Billion deal.
📈 PositiveReported Earlier: The Capitol Forum Posts On X "Mars/Kellanova: EC Leaning Towards Clearing Deal, Sources Say $K $MARX"
📈 PositiveKellanova gains amid reports European Union may clear Mars $36B deal
📈 Positive'EU Antitrust Regulators Resume Mars, Kellanova Probe, Decision Due December 19' - Reuters News
➖ NeutralJP Morgan Assumes Kellanova at Neutral, Announces Price Target of $83.5
➖ NeutralFrequently Asked Questions about K
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