Kellanova beats third-quarter expectations amid strong organic sales growth

Investing.comOct 31, 2024 12:48 PM

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Investing.com -- Kellanova (NYSE:K) reported earnings and revenue for Q3 that beat analyst estimates.

The company posted earnings per share (EPS) of $0.91, surpassing analyst expectations of $0.85.

Quarterly revenue reached $3.23 billion, above the projected $3.16 billion.

Organic net sales rose 6.1%, also above the 3.05% estimated by analysts.

The company’s adjusted gross margin came in at 35%, roughly in line with the estimated 35.4%.

“Our strong third-quarter results reflect once again our strategy and more growth-oriented and profitable portfolio as Kellanova,” commented Steve Cahillane, Kellanova’s Chairman, President, and CEO.

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