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Kellanova Posts Fourth-Quarter Sales Above Estimates

By Reuters
Kellanova Posts Fourth-Quarter Sales Above Estimates

Kellanova has topped Wall Street estimates for quarterly sales, powered by high product prices for its ready-to-eat breakfast items and snacks.

The company reported net sales of $3.2 billion in the fourth quarter.

Analysts had expected sales of $3.08 billion, according to data from the London Stock Exchange Group.

The packaged food maker, previously known as Kelloggs, has been using its brand power to steadily raise product prices over the past few years.

This tactic has been used by  other global packaged food makers, and aims to protect margins amid an inflation-induced slowdown in consumer spending.


Kellanova’s prices rose by 8.1% in the fourth quarter.

Demand for the brand has seen little pushback from consumers, who seem reluctant to change to cheaper alternatives.

With the price rise, organic volumes fell by just 1.2% in the reported period.

In October, the company completed the spin-off of a North American cereal business into a standalone entity called WK Kellogg.

The company then renamed itself to Kellanova in a move to strengthen focus on each division.


Kellanova has also announced reorganisation plans for its North American frozen supply chain network and European cereal supply chain network to drive productivity.

Read More: Kellanova Ireland Offers Paid Leave To Support Co-Parenting

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