- Kellanova’s adjusted earnings per share (EPS) for Q2 is $1.01, exceeding the estimate of 90 cents.
- The company reported net sales of $3.19 billion, slightly above the estimate of $3.15 billion.
- Organic net sales achieved were $3.46 billion.
- Adjusted operating profit reached $502 million, beating the estimated $466.5 million.
- Cost of goods sold was $2.03 billion, a bit higher than the forecasted $2.01 billion.
- Adjusted gross margin stood at 36.5%, surpassing the anticipated 35.7%.
- Analyst ratings: 4 buys, 17 holds, and 0 sells.
Kellogg Co on Smartkarma
According to analysts on Smartkarma, Baptista Research has published a bullish report on Kellogg Co titled “WK Kellogg Co: Positive Price/Mix and Revenue Growth Management Initiatives! – Major Drivers.” The report highlights how during the latest earnings, W.K. Kellogg Co demonstrated its strategic plans for the future and reported strong financial results for the fourth quarter and fiscal year 2023. CEO Gary Pilnick emphasized the company’s commitment to delivering on promises, focus on execution, and engaging its team. The company achieved net sales at the high end of their guidance range and EBITDA margin above their guidance range, indicating effective business planning.
A look at Kellogg Co Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.0 |
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
Based on Smartkarma’s Smart Scores, Kellogg Co shows a positive long-term outlook overall. The company scores particularly well in dividend and momentum, indicating a strong performance in these areas. With a focus on providing consistent returns to shareholders and evident market traction, Kellogg Co‘s prospects for sustained growth and profitability appear promising.
Kellogg Co‘s strengths in dividend and momentum are complemented by moderate scores in growth and resilience, suggesting room for potential improvement in these areas. While the company may face some challenges in terms of value, there are opportunities for Kellogg Co to enhance its competitive position and solidify its standing in the market through strategic initiatives and operational efficiencies.
Summary: Kellogg Company, a manufacturer of ready-to-eat cereal and convenience foods, has a diverse product portfolio that includes cereals, cookies, crackers, and more. With a global presence, Kellogg markets its products in various countries, showcasing its broad reach and potential for continued expansion.
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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