Pringles, Pop-Tarts Parent Kellanova Beats Estimates, Lifts Outlook
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.
Kellanova (K) Rallies on Q2 Earnings Beat, Raised Guidance
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) Q2 2024 Earnings Call Transcript
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 Earnings: How Key Metrics Compare to Wall Street Estimates
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) Surpasses Q2 Earnings and Revenue 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) Q2 Earnings Coming Up: Key Factors to Consider
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.
Countdown to Kellanova (K) Q2 Earnings: Wall Street Forecasts for Key Metrics
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.
Analysts Estimate Kellanova (K) to Report a Decline in Earnings: What to Look Out for
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.
Wall Street's Most Accurate Analysts Weigh In On 3 Risk Off Stocks Delivering High-Dividend Yields
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.
Kellanova (K) Moves to Buy: Rationale Behind the Upgrade
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.
3 Plant-Based Food Stocks to Buy as Gen Z Gobbles Up Vegan Alternatives
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.
