- Kellanova’s adjusted earnings per share (EPS) for the first quarter was $0.90, falling short of the estimated $1.01.
- Reported net sales for the period were $3.08 billion, which did not meet the expected $3.17 billion.
- Organic net sales were higher, amounting to $3.22 billion.
- Adjusted operating profit came in at $441 million, below the forecast of $502.8 million.
- The cost of goods sold was $2.02 billion, which was slightly under the estimated $2.06 billion.
- The adjusted gross margin stood at 34.9%.
- Analysts have a consensus rating of 0 buys, 18 holds, and 0 sells for Kellanova.
Kellogg Co on Smartkarma
Analysts on Smartkarma are closely covering Kellogg Co, with notable research reports available from Baptista Research. In their report titled “Kellanova: Pringles, Cheez-It, and the Global Snack Wars—What’s at Stake?“, Baptista Research expresses a bullish sentiment towards Kellogg Co. The report highlights Kellanova’s strong fourth-quarter performance as an independent entity, with 7% organic sales growth and a 200-basis-point improvement in adjusted operating margins to 14.3%. The success is attributed to strategic expansion into the high-growth snacking category and increased presence in emerging markets, offsetting slight sales declines in North America.
A look at Kellogg Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
According to Smartkarma Smart Scores, Kellogg Co has received varying ratings across different factors affecting its long-term outlook. With a Value score of 2, the company may not be considered undervalued compared to its peers. However, Kellogg Co shines in terms of Dividend and Momentum, scoring a 4 in both categories. This indicates a strong track record of paying dividends and potential positive price trends. In terms of Growth and Resilience, Kellogg Co falls in the middle with scores of 3, suggesting moderate prospects for expansion and ability to withstand economic challenges.
Kellogg Company, known for manufacturing and selling ready-to-eat cereals and other convenience foods, operates globally with a diverse product portfolio. While the company shows strength in dividend payments and market momentum, its overall outlook for growth and resilience is more moderate. Investors considering Kellogg Co should weigh these factors along with the company’s positioning in the competitive food industry to make informed investment decisions for the long term.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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