Kellanova reports Q1 adjusted EPS 90c, consensus $1.01

Reports Q1 revenue $3.08B, consensus $3.16B. “Our organization demonstrated focus and determination in managing through what is undeniably an uncertain macroeconomic and industry environment,” commented CEO Steve Cahillane. “We delivered against our budget in the quarter, led by our emerging markets, and we are encouraged by our improvement in category share performance in key markets around the world. Meanwhile, we are planning contingencies and taking action for managing through continued global economic uncertainty, even as we prepare for our next chapter as part of a global snacking powerhouse with Mars.”