Investing.com -- Kellanova reported better-than-expected earnings for the fourth quarter of fiscal 2024, although its gross margins missed analyst estimates.
The company's shares traded flat in premarket trading Thursday.
The owner of Pringles and Pop-Tarts posted Q4 earnings per share (EPS) of $0.92, topping analyst expectations of $0.83. Revenue for the quarter totaled $3.12 billion, just above the consensus estimate of $3.11 billion.
Organic net sales totaled $3.40 billion, while adjusted operating profit came in at $448 million, surpassing the estimated $428.2 million. Adjusted gross margin stood at 34.1%, falling short of the projected 34.9%.
"A more growth-oriented portfolio and solid execution by our entire organization once again contributed to stand-out quarterly performance, as we concluded our first full year as Kellanova,” commented Steve Cahillane, Kellanova’s Chairman, President, and CEO.
“Led by our strong emerging markets presence, we sustained better-than-expected top-line growth amidst challenging industry conditions, and we improved our profit margins faster than we had anticipated. We also embarked on an exciting next phase, as we prepare to combine with Mars.”
Related Articles
Kellanova reports above-consensus Q4 earnings, gross margin miss
Nissan open to new partners, sources say, including Foxconn
Honeywell to split into three after pressure from activist investor
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。