Snack Giant Kellanova Soars Over 5% On Strong Q2 Results And Upgraded FY24 Guidance
Portfolio Pulse from Nabaparna Bhattacharya
Kellanova (NYSE:K) reported strong Q2 results, with adjusted EPS and sales exceeding expectations. The company raised its FY24 guidance, leading to a 5.16% increase in its stock price.
August 01, 2024 | 1:44 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Kellanova reported strong Q2 results with adjusted EPS of $1.01 beating the consensus of 90 cents and sales of $3.192 billion beating the street view of $3.150 billion. The company raised its FY24 guidance, leading to a 5.16% increase in its stock price.
The strong Q2 results and upgraded FY24 guidance indicate positive financial performance and future growth prospects, leading to a significant increase in the stock price.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100