Pringles-maker Kellanova beats quarterly sales, profit estimates on steady demand [Yahoo! Finance]
Kellanova (K)
Last kellanova earnings: 4/30 08:00 am
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Source: Yahoo! Finance
WHY IT IS IMPORTANT The Cheez-It maker has capitalized on its brand strength to steadily raise product prices over the past few years to strengthen its margins. Higher prices, however, have not dented demand for its products unlike packaged food peers such as Kraft Heinz and Conagra Brands, which reported disappointing sales earlier this month as customers traded down to cheaper alternatives. CONTEXT Packaged foods giant Kellogg Company spun off its North American cereal business into WK Kellogg and rebranded itself as Kellanova in October last year. In August, Family-owned candy giant Mars said it would buy Kellanova for nearly $36 billion, bringing together brands such as M&M's, Snickers, Pringles and Pop-Tarts, as they bet on continued consumer indulgence in branded snacks amid stalling growth in the packaged food sector. Kellanova said on Thursday that due to the pending merger with Mars, it would not be providing forward-looking forecast. BY THE NUMBERS A let-up
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- Kellanova (NYSE: K) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
K
Earnings
- 11/1/24 - Beat
K
Sec Filings
- 11/21/24 - Form 4
- 11/18/24 - Form 4
- 11/14/24 - Form 4
- K's page on the SEC website