Kellanova 4Q Profit Soars as Costs Come Down

Dow Jones

Feb 06, 2025

By Dean Seal

Kellanova recorded a big jump in profit during the fourth quarter in part from declining costs, even as unfavorable foreign currency translation dented the top line.

The maker of Pop-Tarts and Rice Krispies Treats posted a profit of $365 million, or $1.04 a share, compared with $27 million, or 8 cents a share, in the same quarter a year ago.

Stripping out one-time items, currency-neutral adjusted earnings were 93 cents a share. Analysts polled by FactSet had been expecting 83 cents a share.

Sales slipped 1.6% to $3.12 billion, clearing analyst estimates for $3.12 billion. The decline was driven by negative foreign currency effects, said the company.

On an organic basis, the top line rose 7% from higher volumes and prices.

Kellanova managed to bring down its cost of goods sold and overhead costs to boost profits. The quarter also benefited from substantially fewer one-time costs.

The company said it wouldn't provide guidance while its nearly $30 billion merger with Mars remains pending.

Write to Dean Seal at dean.seal@wsj.com

(END) Dow Jones Newswires

February 06, 2025 08:44 ET (13:44 GMT)

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The quarter also benefited from substantially fewer one-time costs. \n\n\n  The company said it wouldn't provide guidance while its nearly $30 billion merger with Mars remains pending. \n\n\n \n\n\n  Write to Dean Seal at dean.seal@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 06, 2025 08:44 ET (13:44 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}