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Kellanova Earnings Preview: What to Expect from the Snack Food Giant’s Q3 Results
Kellanova, a leading manufacturer of snacks and convenience foods, is set to announce its fiscal Q3 earnings on October 30. Analysts expect the company to report a profit of $0.88 per share, down 3.3% from the year-ago quarter. With a market cap of $28.8 billion, Kellanova owns popular brands such as Pringles, Cheez-It, and Pop-Tarts. The company’s shares have gained 2.9% over the past 52 weeks, underperforming the S&P 500 Index’s 14.4% return.
Kellanova, a Chicago, Illinois-based company, is a well-known player in the snack food industry. With a diverse portfolio of brands, including Pringles, Cheez-It, Pop-Tarts, Eggo, MorningStar Farms, and RXBAR, the company is expected to announce its fiscal Q3 earnings before the market opens on Thursday, October 30. As investors and analysts await the announcement, there are several key factors to consider. Who is Kellanova, and what can we expect from their Q3 earnings? What are the company’s strengths and weaknesses, and how have they performed in recent quarters? Where does the company stand in terms of its market position and competition? When will the earnings announcement take place, and why is it important for investors? How will the company’s Q3 results impact its future growth and profitability?
Analyst Expectations and Earnings History
Analysts expect Kellanova to report a profit of $0.88 per share, down 3.3% from $0.91 per share in the year-ago quarter. The company has surpassed Wall Street’s bottom-line estimates in two of the last four quarters, while missing on two other occasions. In the previous quarter, Kellanova’s earnings of $0.94 per share missed the consensus estimates by 5.1%. For fiscal 2025, analysts expect the company to report a profit of $3.66 per share, down 5.2% from $3.86 per share in fiscal 2024. However, the company’s EPS is expected to rebound and grow by 4.4% year-over-year to $3.82 in fiscal 2026.
Some key highlights of Kellanova’s earnings history include:
* The company’s net sales surged slightly year-over-year to $3.2 billion in Q2, driven by stronger performance in emerging markets.
* Adjusted EPS declined 6.9% from the year-ago quarter to $0.94, falling short of consensus estimates by 5.1%.
* The company’s shares have gained 2.9% over the past 52 weeks, underperforming the S&P 500 Index’s 14.4% return.
Market Performance and Competition
Kellanova’s shares have underperformed the S&P 500 Index’s return over the past 52 weeks, but have outpaced the Consumer Staples Select Sector SPDR Fund’s 5% downtick over the same time period. The company’s market position and competition are critical factors to consider in evaluating its future growth and profitability. As a leading player in the snack food industry, Kellanova faces intense competition from other major manufacturers, including PepsiCo and General Mills.
According to Wall Street analysts, Kellanova’s stock has an overall “Hold” rating, with a mean price target of $83.42, implying a slight potential upside from current levels. As Neharika Jain notes, “On the date of publication, [the author] did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.”
Conclusion and Outlook
In conclusion, Kellanova’s Q3 earnings announcement is highly anticipated by investors and analysts. With a diverse portfolio of brands and a strong market position, the company is expected to report a profit of $0.88 per share, down 3.3% from the year-ago quarter. While the company’s shares have underperformed the S&P 500 Index’s return over the past 52 weeks, they have outpaced the Consumer Staples Select Sector SPDR Fund’s 5% downtick over the same time period. As the company looks to rebound and grow in fiscal 2026, investors will be closely watching its Q3 results and future growth prospects.
Keywords: Kellanova, snack food industry, Q3 earnings, analyst expectations, market performance, competition, EPS, net sales, emerging markets, S&P 500 Index, Consumer Staples Select Sector SPDR Fund.
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