Kellanova reports Q2 adjusted EPS 94c, consensus 99c

Reports Q2 revenue $3.20B, consensus $3.19B. “It is a testament to the strength of our people, portfolio, and plans that we continue to manage effectively through challenging business conditions,” commented CEO Steve Cahillane. “While demand softness in most of our categories did not improve as much as we had hoped, we delivered earnings above our expectations in Q2, thanks to our innovation, commercial and operational execution, and emerging markets growth, notably noodles in Africa. We plan to continue to lean into focused execution in the second half, even as we continue to work toward closing the Mars transaction and embarking on an exciting next chapter.”