Kellanova Q4 Outlook: Revenue $3.1B Vs. $3.14B Estimate, Adj. $0.73 - $0.76 Vs. $0.70 Estimate
Portfolio Pulse from Benzinga Newsdesk
Kellanova has provided its Q4 2023 guidance, projecting net sales of approximately $3.1 billion and an operating profit of $380-$390 million on an adjusted basis. The company also expects earnings per share of $0.73-$0.76, implying a modest decline versus the prior year due to higher interest rates and lower pension income. This will be the first reporting period for Kellanova as a stand-alone company, following the spin-off of WK Kellogg Co.

November 08, 2023 | 1:06 pm
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Kellanova's Q4 2023 outlook indicates a modest decline in earnings per share due to higher interest rates and lower pension income. This follows the spin-off of WK Kellogg Co.
Kellanova's projected decline in earnings per share, due to higher interest rates and lower pension income, could negatively impact the company's stock price in the short term. Additionally, this is the first reporting period for Kellanova as a stand-alone company, following the spin-off of WK Kellogg Co, which adds an element of uncertainty.
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