Packaged foods company Kellanova (NYSE:K) fell short of the market’s revenue expectations in Q1 CY2025, with sales falling 3.7% year on year to $3.08 billion. Its non-GAAP profit of $0.90 per share was 11.1% below analysts’ consensus estimates.
Kellanova (NYSE: K) posted a Q1 FY24 revenue drop of 3.6% to $3.08 billion, falling short of expectations. While adjusted EPS of $0.90 missed estimates, organic growth was driven by emerging markets. Regional sales were mixed, with steep declines in Latin America and modest growth in AMEA.
Kellanova currently trades at $82.54 per share and has shown little upside over the past six months, posting a middling return of 2.1%. However, the stock is beating the S&P 500’s 5.3% decline during that period.
Stability is great, but low-volatility stocks may struggle to deliver market-beating returns over time as they sometimes underperform during bull markets.
The FDA and HHS are launching a national push to eliminate petroleum-based food dyes, starting with Citrus Red No. 2 and Orange B. The plan is part of Robert F. Kennedy Jr.'s "Make America Healthy Again" campaign to improve public health and food safety.
Join us in exploring the top gainers and losers within the S&P500 index in the middle of the day on Tuesday as we examine the latest happenings in today's session.
Let’s dig into the relative performance of J&J Snack Foods (NASDAQ:JJSF) and its peers as we unravel the now-completed Q4 shelf-stable food earnings season.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Mondelez (NASDAQ:MDLZ) and the best and worst performers in the shelf-stable food industry.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Kellanova (NYSE:K) and the best and worst performers in the shelf-stable food industry.
Consumer staples are considered safe havens in turbulent markets due to their inelastic demand profiles. But they’re also double-edged swords as they often lag in booming conditions, and this pattern has persisted recently.
Over the past six months, the industry has recorded a loss of 7.9%, a far cry from the S&P 500’s 6.7% ascent.
Packaged foods company Kellanova (NYSE:K) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.6% year on year to $3.12 billion. Its non-GAAP profit of $0.92 per share was 10.7% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
