Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Gross Margin

Operating Margin

Profit Margin

Margins

An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

Selling, general and administrative expense

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Kellogg

Pringles is an American brand of potato and wheat-based stackable snack chips owned by Kellogg's. Originally marketed as "Pringle's Newfangled Potato Chips", Pringles are sold in more than 140 countries,and it was the fourth most popular snack brand after Lay's, Doritos and Cheetos in 2012, with 2.2% market share globally, compared to Lay's share of 6.7%. The snack was originally developed by Procter & Gamble (P&G), who first sold the product in 1967. P&G sold the brand to Kellogg's in 2012.

Pringles

Kashi is a maker of whole grain cereals and other plant-based foods sourced from regular farming practices. Founded in San Diego in 1981, the company makes over 90 products sold in the U.S. and Canada. Its original cereal pilaf was identified by the tagline “Seven Whole Grains on a Mission.” The company name is a blended term derived from “kashruth,” meaning kosher or pure food, and “Kushi," the last name of the founder of American macrobiotics, Michio Kushi. As of summer 2016, all Kashi products are Non-GMO Project Verified.

Kashi

Cheez It is a cheese cracker manufactured by the Kellogg Company through its Sunshine Biscuits division. Approximately 26 by 24 mm (1.0 by 0.95 inch), the almost square crackers are made with wheat flour, vegetable oil, sharp cheddar cheese, salt, and spices.

Cheez It

Bear Naked is a prepared foods company that produces granola, granola bars and ready to eat cereal. Bear Naked was founded in 2002 by Kelly Flatley and Brendan Synnott. In 2007, Bear Naked was purchased by Kashi Company, a subsidiary of Kellogg Company.

Bear Naked

Eggo is a brand of frozen waffles in the United States, Canada and Mexico, which is owned by the Kellogg Company. Several varieties are available, including homestyle, miniature, cherry, blueberry, strawberry, vanilla bliss, brown sugar cinnamon, apple cinnamon, buttermilk, and chocolate chip.

Eggo

Keebler Comapny is the second largest cookie and cracker manufacturer in the United States. Founded in 1853, it has produced numerous baked snacks. Keebler has marketed its brands such as Cheez-It (which have the Sunshine Biscuits brand), Chips Deluxe, Club Crackers, E.L. Fudge Cookies, Famous Amos, Fudge Shoppe Cookies, Murray cookies, Austin, Plantation, Vienna Fingers, Town House Crackers, Wheatables, Sandie's Shortbread, Chachos and Zesta Crackers, among others. The Keebler slogans are "Uncommonly Good" and "a little elfin magic goes a long way". Tom Shutter and Leo Burnett wrote the familiar jingle.

Keebler Comapny

Pop-Tarts  is a brand of rectangular, pre-baked, convenience food toaster pastries that the Kellogg Company introduced in 1964. Pop-Tarts have a sugary filling sealed inside two layers of thin, rectangular pastry crust. Most varieties are also frosted. Although sold pre-cooked, they are designed to be warmed inside a toaster or microwave oven. They are usually sold in pairs inside Mylar (previously foil) packages and do not require refrigeration.

Pop-Tarts

Kellanova engages in the manufacturing, marketing, and distribution of ready-to-eat cereal and convenience foods. It operates through the following segments: North America, Europe, Latin America, and Asia Middle East Africa. The North America segment includes the U.S. businesses and Canada. The Europe segment consists of European countries. The Latin America segment focuses on Central and South America, and Mexico. The Asia Middle East Africa segment is involved in Africa, Middle East, Australia, and Other Asian and Pacific markets. The company was founded by Will Keith Kellogg in 1906 and is headquartered in Chicago, IL.

Earnings data Q1 2021

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Kellogg excels in Q4 2022, eyes growth in emerging markets

Kellogg's strong Q4 performance and strategic actions position it well for continued growth. Challenges in Europe require focused margin stabilization efforts, while opportunities in snacking and emerging markets offer avenues for future expansion.

Kellogg reports strong Q1 earnings, eyes growth amid inflation challenges

Kellogg's Q1 2023 performance reflects robust financial results, strong momentum in key business segments, and strategic investments for growth. While challenges like inflation and business separations exist, the company's strengths in brand building and marketing innovation position it well for future opportunities. Kellogg's focus on resilience and strategic investments underscores its commitment to sustained growth.

Kellogg surpasses Q2 expectations, raises guidance amid strategic opportunities

Kellogg delivered strong Q2 results, raising full-year guidance and showcasing operational strength. Challenges include managing pricing actions in emerging markets and currency impacts. Opportunities lie in increased brand investments, pending company separation, and upcoming Investor Day insights.

Kellogg reports strong Q3 results, eyes international growth opportunities

Kellogg's Q3 performance showcased growth in net sales and operating profit, with a focus on global reach and brand strength.
Challenges include volume lagging behind revenue growth, currency impacts on pricing strategies, and consumer behavior shifts.
Opportunities lie in international growth, M&A aspirations, and returning to full merchandising to drive volume and revenue growth.
Overall, Kellogg's strategic focus on snacks, emerging markets, and profitability positions the company for future success amidst industry dynamics.

Kellogg exceeds Q4 expectations, eyes international expansion and margin growth

Kellogg's strong Q4 2023 performance and optimistic guidance for 2024 reflect a focus on growth and margin expansion. The company plans to increase brand investments, expand distribution internationally, and improve gross margins. Challenges include FX headwinds and operational adjustments from reorganization efforts.

Kellogg (K) exceeds Q1 expectations, eyes international growth opportunities

Kellogg's Q1 2024 earnings call showcased strong performance, reaffirmed guidance, and a focus on brand building and innovation. Despite challenges in various regions and uncertainties, the company remains confident in its outlook for the year. With a strategic approach to growth and value creation, Kellogg is well-positioned to capitalize on opportunities and navigate market dynamics.

Kellogg reports robust Q2 earnings, eyes sustained growth through innovation

Kellogg's strong Q2 performance, driven by organic growth and margin improvement, underscores its resilience and strategic focus. The company's commitment to innovation, brand-building, and geographic strength bodes well for future growth. Challenges in regional performance and evolving consumer trends highlight the need for continued strategic agility.

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Net income

Earnings per share

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Book value per share

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Purchase/sale of business

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Cash from financing

Change in stock

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Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Shares of Pringles and Pop-Tarts parent Kellanova (K) rose in intraday trading Thursday as the cereal and snack food maker reported better-than-expected results and raised its guidance, boosted by North and Latin American demand.

Pringles, Pop-Tarts Parent Kellanova Beats Estimates, Lifts Outlook

Kellanova's (K) second-quarter 2024 results reflect the strength of the Pringles brand. The improved price/mix was also an upside, leading to organic sales and bottom-line growth.

Kellanova (K) Rallies on Q2 Earnings Beat, Raised Guidance

Kellanova (NYSE:K ) Q2 2024 Earnings Conference Call August 1, 2024 9:30 AM ET Company Participants John Renwick - Vice President of Investor Relations & Corporate Planning Steve Cahillane - Chairman, President & Chief Executive Officer Amit Banati - Vice Chairman & Chief Financial Officer Conference Call Participants Rob Dickerson - Jefferies Chris Carey - Wells Fargo Securities Peter Galbo - Bank of America Robert Moskow - TD Cowen David Palmer - Evercore ISI Michael Lavery - Piper Sandler Thomas Palmer - Citi Ken Goldman - JPMorgan Alexia Howard - Sanford Bernstein Steve Powers - Deutsche Bank Max Gumport - BNP Paribas Andrew Lazar - Barclays Operator Good morning. Welcome to Kellanova's Second Quarter 2024 Earnings Call.

Kellanova (K) Q2 2024 Earnings Call Transcript

While the top- and bottom-line numbers for Kellanova (K) give a sense of how the business performed in the quarter ended June 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Kellanova (K) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

Kellanova (K) came out with quarterly earnings of $1.01 per share, beating the Zacks Consensus Estimate of $0.90 per share. This compares to earnings of $1.25 per share a year ago.

Kellanova (K) Surpasses Q2 Earnings and Revenue Estimates

Shares of Kellanova K rose 4.1% premarket after the food giant reported better-than-expected second-quarter results and raised its 2024 outlook. Kellanova, formerly known as Kellogg Co., reported net income of $493 million, or $1.00 a share, compared with net income of $417 million, or 85 cents a share, in the prior year's quarter.

Kellanova stock climbs on Q2 top and bottom-line beat, raised outlook

CHICAGO , Aug. 1, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2024 second quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx. Documents immediately available include: the financial press release and tables, GAAP reconciliations, and presentation slides.

Kellanova Reports 2024 Second Quarter Results

Howmet Aerospace

NatWest Group plc 

1st Source

Howmet Aerospace Inc. (HWM), NatWest Group plc (NWG), 1st Source Corporation (SRCE) and Kellanova (K) recently hiked dividends.

4 Stocks to Watch on Recent Dividend Hike Announcements

Kellanova's (K) second-quarter performance is likely to reflect the impacts of elevated inflation rates and industry-wide elasticities. Unfavorable foreign currency rates pose a threat.

Kellanova (K) Q2 Earnings Coming Up: Key Factors to Consider

Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Kellanova (K), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended June 2024.

Countdown to Kellanova (K) Q2 Earnings: Wall Street Forecasts for Key Metrics

Kellanova (K) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Kellanova (K) to Report a Decline in Earnings: What to Look Out for

Altria

Philip Morris

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields

Photo caption: Kellanova names Interpublic Group its global creative partner on priority brands and appoints Tombras its U.S. creative agency on selected smaller brands to help accelerate growth of its iconic portfolio. CHICAGO , July 22, 2024 /PRNewswire/ -- Kellanova (formerly Kellogg Company and maker of Pringles ®, Cheez-It ®, Pop-Tarts ® and more) today announced it is expanding its partnership with Interpublic Group ("IPG").

Kellanova Moves to Accelerate Global Brand Growth, Expanding Partnership with Interpublic Group

Kellanova (K) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Kellanova (K) Moves to Buy: Rationale Behind the Upgrade

Banco de Chile

Genuine Parts

PulteGroup

Genuine Parts (GPC), CSX Corporation (CSX), PulteGroup (PHM), Kellanova (K) and Banco de Chile (BCH) are some of the stocks with high ROE to profit from as markets move up on AI-driven rally.

5 Stocks With High ROE to Buy on Sustained AI-Infused Rally

CHICAGO, June 28, 2024 /PRNewswire/ -- Kellanova (NYSE: K) plans to issue its 2024 second quarter financial results at approximately 8:00 am ET on Thursday, August 1, 2024.  The following documents will be available on the Company website https://investor.kellanova.com at 8:00 am ET: Press release, financial tables, GAAP reconciliations, prior periods' results recast for discontinued operations, and presentation slides.

Kellanova Sets Date for 2024 Second Quarter Results Webcast

Oatly

For those that prefer the all-natural route, the concept of plant-based food stocks might seem alien. However, it's important to keep in mind that social mores and preferences change over time.

3 Plant-Based Food Stocks to Buy as Gen Z Gobbles Up Vegan Alternatives

Dublin, June 27, 2024 (GLOBE NEWSWIRE) -- The "Oats Global Market Report 2024" has been added to ResearchAndMarkets.com's offering. The oats market size has grown strongly in recent years, from $7.15 billion in 2023 to $7.7 billion in 2024 at a compound annual growth rate (CAGR) of 7.7%. The expansion observed in the historical period can be ascribed to shifts in dietary preferences, heightened awareness regarding health benefits, a growing demand for healthier and more convenient breakfast choices, impactful marketing campaigns and branding initiatives aimed at creating awareness, and the appeal of convenient and time-efficient options. The oats market size is expected to see strong growth in the next few years. It will grow to $10.9 billion in 2028 at a compound annual growth rate (CAGR) of 9.1%. The projected growth in the forecast period can be credited to the rising demand for products based on oats, an increasing preference for quick, convenient, and healthy breakfast alternatives, evolving consumer preferences and lifestyles, the expansion of online retail channels and e-commerce platforms, and a growing awareness of the environmental advantages associated with oatmeal. Key trends anticipated in the forecast period involve innovations and advancements in oat-based products, regional and ethnic diversities, customizable oatmeal selections, an escalating consumer emphasis on environmentally friendly packaging, and a preference for clean labeling. The oats market is experiencing growth due to the increasing popularity and preference for healthy meals. Consumers are increasingly seeking foods and beverages that align with nuanced health and wellness, ethical, and sustainability criteria. Oatmeal, known for its health benefits and high nutritional value, is widely consumed as a healthy breakfast option. It aids in weight management, controls blood sugar levels, and manages cholesterol. Reports from Food Insight in July 2022 indicated a rising trend, with 52% of participants in the Food and Health Survey following specific diets, up from 39% in 2021. Clean eating (16%), mindful eating (14%), and calorie counting (13%) were the top choices. Additionally, a Poll/HealthDay survey revealed that approximately 63% of American adults planned to modify their diets in 2022. Consequently, the increasing popularity and preference for healthy meals are poised to drive the oats market's growth in the foreseeable future. The growing use of oats in animal feed is anticipated to contribute to the oats market's expansion. Oats, valued for their high fiber, energy, and protein content, offer nutritional benefits in livestock and poultry diets. With the global demand for animal products on the rise, oats play a crucial role in formulating balanced feed, promoting the growth and overall health of livestock. According to the UK's Department for Environment Food and Rural Affairs, the utilization of oats in animal feed witnessed a substantial 21% increase in 2021, reaching 444 thousand tons compared to 2020. Imports of oats also rose by 3 thousand tons in 2021, totaling 28 thousand tons. Therefore, the increasing use of oats in animal feed is a significant driver of the oats market's growth. Innovations in products are gaining traction in the oats market, with major companies focusing on developing creative offerings to meet customer demands and strengthen their market positions. For example, in September 2022, the Quaker Oats Company introduced Quaker Oats Muesli, a product packed with five grains and 22% fruits, nuts, and seeds, available in variants such as Fruit & Nut and Berries & Seeds. This innovative muesli provides a wholesome, multi-textural, and convenient breakfast experience, catering to health-conscious consumers seeking nutritious yet delicious options, even on busy mornings. Major players in the oats market are also introducing protein-rich oats to gain a competitive advantage. These oats, cultivated and processed to contain higher protein levels, offer a nutritionally dense source of this macronutrient. In August 2023, Bob's Red Mill launched Protein Oats, made from a special variety of oats with up to 60% more protein than regular oats. These protein oats, gluten-free and Non-GMO Project verified, provide a convenient and protein-rich breakfast option that can be used in various recipes, appealing to those looking for a quick and satisfying way to boost their protein intake. The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. Scope

Oats Global Market Report 2024, Featuring Key Players Blue Lake Milling, Bob's Red Mill Natural Foods, Bloch & Guggenheimer, The Kellogg Company & Avena Foods - Forecasts to 2028

Kellanova, a global snack and emerging markets focused company, shows signs of progress with attractive revenue growth and improved profitability. Despite underperforming the market, Kellanova's revenue and profitability metrics have shown improvement, with expectations for further growth in 2024. The valuation of Kellanova is not cheap, but appealing for a high-quality food operator, with a decent overall assessment compared to similar firms.

Kellanova: A Tasty Opportunity When You Consider Hidden Growth

Cheez-It ®  and Hidden Valley® Ranch are introducing new ranch-flavored crackers, set to hit shelves this July CHICAGO , June 25, 2024 /PRNewswire/ -- Superfans asked and Cheez-It ® answered. This summer, Cheez-It is taking the ultimate flavor-pairing to new heights with the first-ever Cheez-It x Hidden Valley ® Ranch Crackers.

CHEEZY RANCH FANS REJOICE! THE CHEEZ-IT® x HIDDEN VALLEY® RANCH COLLAB IS FINALLY HERE IN CRACKER FORM

DALLAS--(BUSINESS WIRE)--Kellogg & Sovereign, a Generational client, was transitioned to an ESOP.

Generational Group Advises Kellogg & Sovereign Consulting in Transition to ESOP

Kellanova, Weber Shandwick win first-ever Grand Prix for Brand Experience & Activation CHICAGO , June 21, 2024 /PRNewswire/ -- Kellanova's Pop-Tarts brand earned a top honor at the 2024 Cannes Lions International Festival of Creativity Thursday, winning the first-ever Grand Prix for its Edible Mascot activation.  In partnership with Weber Shandwick, Florida Citrus Sports, Publicis, and others, The First Edible Mascot was a delicious move to place Pop-Tarts at the center of the broader snacking conversation in a Crazy Good way at the Pop-Tarts Bowl game.

Pop-Tarts First Edible Mascot wins Grand Prix at 2024 Cannes Lions

Kellanova, split from former Kellogg's Company, is a $13 billion business focusing on strong snack brands like Pringles and Pop-Tarts. Like all consumer packing companies, it struggled with inflationary pressures, yet it saw a modest recovery in sales and profits, with a focus on improving growth composition. Shares trading at fair valuations, with potential for earnings to improve to $4 per share in the future, as positioning concerns leave me holding a neutral stance.

Kellanova: Not Taking A Bite Of The Snack Business Yet

CHICAGO , June 10, 2024 /PRNewswire/ -- How do you use Artificial Intelligence (AI) in your day-to-day? Do you use it in your personal or professional life?

Insights from Kellanova's marketing journey with Artificial Intelligence

Kellanova's Chief Technology Officer, Ramesh Kollepara, shares insights into how the company is preparing and embracing the AI revolution. CHICAGO , June 4, 2024 /PRNewswire/ -- Earlier this year, I had the incredible opportunity to participate in the world's largest technology conference, LEAP 2024, held in Saudi Arabia.

News for Kellogg Stock (K)