Kellanova Raises FY24 Organic Basis Net Sales Growth Guidance From 3%+ To 3.5%, Riases Adj. EPS Guidance From $3.55-$3.65 To $3.65-$3.75
Portfolio Pulse from Benzinga Newsdesk
Kellanova has raised its FY24 organic basis net sales growth guidance from 3%+ to 3.5% and increased its adjusted EPS guidance from $3.55-$3.65 to $3.65-$3.75.
August 01, 2024 | 12:04 pm
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Kellanova has raised its FY24 organic basis net sales growth guidance from 3%+ to 3.5% and increased its adjusted EPS guidance from $3.55-$3.65 to $3.65-$3.75. This indicates a positive outlook for the company's financial performance.
The increase in both net sales growth and adjusted EPS guidance suggests that Kellanova is expecting better financial performance than previously anticipated. This is likely to have a positive impact on the stock price in the short term as investors react to the improved outlook.
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