LOGO
LOGO

Corporate News

Kellanova Q4 Adj. Profit Rises; Affirms 2024 Financial Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Kellanova (K) reported fourth quarter net income from continuing operations of $58 million compared to a loss of $28 million, prior year. Reported profit per share from continuing operations was $0.16 compared to a loss of $0.08. Adjusted operating profit was $392 million, an increase of 30% on a currency-neutral basis. Adjusted earnings per share was $0.78, compared to $0.64, last year. Currency-neutral adjusted EPS from continuing operations was $0.76 compared to $0.64. On average, 14 analysts polled by Thomson Reuters expected the company to report profit per share of $0.74, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter net sales were $3.17 billion, compared to $3.16 billion, last year. Organic net sales were $3.35 billion, up 7% on an organic basis. Analysts on average had estimated $3.08 billion in revenue.

Subscribe to continue reading the article.
This article is available exclusively to RTT Biotech Investor and Intelligent Investor subscribers. Subscribe with a RTTNews subscription.
Start Free Trial
FREE 7-Day Trial - No Payment Required
Already subscribed? Sign in

For comments and feedback contact: editorial@rttnews.com

Business News

Global Economics Weekly Update - Jun 08-12, 2026

June 12, 2026 17:14 ET
Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.