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Kellanova

NYSE•K
CEO: Mr. Steven A. Cahillane
Sector: Consumer Defensive
Industry: Food Confectioners
Listing Date: 1952-01-08
Kellanova, together with its subsidiaries, manufactures and markets snacks and convenience foods in North America, Europe, Latin America, the Asia Pacific, the Middle East, Australia, and Africa. Its principal products include crackers, crisps, savory snacks, toaster pastries, cereal bars, granola bars and bites, ready-to-eat cereals, frozen waffles, veggie foods, and noodles. The company offers its products under the Kellogg's, Cheez-It, Pringles, Austin, Parati, RXBAR, Eggo, Morningstar Farms, Bisco, Club, Luxe, Minueto, Special K, Toasteds, Town House, Zesta, Zoo Cartoon, Choco Krispis, Crunchy Nut, Kashi, Nutri-Grain, Squares, Zucaritas, Rice Krispies Treats, Sucrilhos, Pop-Tarts, K-Time, Sunibrite, Split Stix, LCMs, Coco Pops, Krave, Frosties, Rice Krispies Squares, Incogmeato, Veggitizers, Gardenburger, Trink, Carr's, Kellogg's Extra, Müsli, Fruit ‘n Fibre, Kellogg's Crunchy Nut, Country Store, Smacks, Honey Bsss, Zimmy's, Toppas, Tresor, Froot Ring, Chocos, Chex, Guardian, Just Right, Sultana Bran, Rice Bubbles, Sustain, and Choco Krispies brand names. It sells its products to retailers through direct sales forces, as well as brokers and distributors. The company was formerly known as Kellogg Company and changed its name to Kellanova in October 2023. Kellanova was founded in 1906 and is headquartered in Chicago, Illinois.
Contact Information
412 North Wells Street, Chicago, IL, 60654, United States
269-961-2000
www.kellanova.com
Market Cap
$29.03B
P/E (TTM)
22.7
0
Dividend Yield
2.8%
52W High
$83.65
52W Low
$76.48
52W Range
97%
Rank31Top 21.6%
5.0
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 5 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2016-2025

Financial Dashboard

Q3 2025 Data

Revenue

$3.26B+0.83%
4-Quarter Trend

EPS

$0.89-16.82%
4-Quarter Trend

FCF

$359.00M-12.44%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Adjusted Profit Growth Strong Currency-neutral adjusted operating profit Q3 rose 6.6% to $470M; adjusted diluted EPS grew 2.2% to $0.93.
Net Sales Stability Maintained Reported net sales $3,260M for Q3, slightly down 0.8%; organic net sales showed 0.2% growth year-to-date.
Equity Repurchase Authorization $1.3B remains available for common stock repurchases through December 2025 under existing authorization plan.
Proposed Merger Details Proposed merger offers $83.50 cash per share; closing expected late 2025 pending regulatory approvals.

Risk Factors

Operating Cash Flow Decline YTD operating cash flow dropped to $788M from $1,293M, driven primarily by current year pension contributions totaling $157M.
Reported EPS Decreased Reported diluted EPS fell 16% in Q3 to $0.88 from $1.05, impacted by lower mark-to-market benefit.
Restructuring Costs Ongoing European cereal supply chain reconfiguration expected completion late 2026; total program costs reached $165M.
Derivative Fair Value Exposure Liability derivatives totaled $136M fair value; potential collateral posting up to $55M if credit rating drops below BB+.

Outlook

Merger Closing Timeline Merger expected to close towards end of 2025, subject to customary closing conditions and antitrust approval.
Future Tax Law Assessment New corporate tax act enacted July 2025 is currently being assessed; no material impact expected for 2025 tax expense.
Supply Chain Optimization European supply chain reconfiguration expected to deliver gross margin improvements starting late 2026.
Capital Resources Adequate Anticipate cash, credit facilities, and commercial paper access adequate for operating, investing, and financing needs.

Peer Comparison

Revenue (TTM)

SYY stock ticker logoSYY
$82.65B
+2.6%
ADM stock ticker logoADM
$80.29B
-6.1%
DG stock ticker logoDG
$42.72B
+5.2%

Gross Margin (Latest Quarter)

KDP stock ticker logoKDP
53.8%
-0.7pp
STZ stock ticker logoSTZ
53.2%
+2.2pp
ABEV stock ticker logoABEV
52.6%
+1.1pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
ABEV$45.29B15.216.9%3.6%
HSY$44.64B50.719.2%39.3%
SYY$40.48B22.588.7%59.6%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
1.4%
Moderate Growth
4Q Net Income CAGR
-5.4%
Declining Profitability
Cash Flow Stability
100%
Strong Cash Flow

Deep Research

Next earnings:Apr 29, 2026
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