K
Kellanova83.44
-0.01-0.01%
Dec 10, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
29.03BP/E (TTM)
22.80Basic EPS (TTM)
3.66Dividend Yield
0.03%Recent Filings
8-K
Mars completes Kellanova buyout
Kellanova completed its merger with Merger Sub, a Mars affiliate, on December 11, 2025, becoming a wholly owned subsidiary at $83.50 per share in cash. Shareholders lost public rights; NYSE delisting followed, with board and officers overhauled. Merger closed. Post-close, Kellanova guaranteed Mars' $4B revolving credit, $4B term loan, and billions in senior notes.
8-K
Mars-Kellanova merger clears EC
Kellanova and Mars secured unconditional European Commission approval for their merger on December 8, 2025, clearing all regulatory hurdles. The deal eyes closure December 11, subject to customary conditions—then Kellanova's stock delists from NYSE. Mars projects $36 billion annual revenues for the combined snacking giant. Customary closing risks linger.
10-Q
Q3 FY2025 results
Kellanova posted Q3 net sales of $3.3B, up 0.9% y/y yet flat q/q, with operating profit steady at $452M despite softer demand outside Africa noodles, where volumes surged. Gross margins slipped to 33.3% from 36.4% y/y on lapping mark-to-market gains and sales mix shift, while diluted EPS fell to $0.88 from $1.05 amid higher taxes; YTD EPS of $2.61 tracks with 350M diluted shares. Cash dropped to $240M, operating cash flow YTD at $788M generated free cash flow of $320M (derived), after $468M capex, with total debt at $5.6B versus $2.5B revolver availability. Pending Mars merger awaits EC antitrust nod by late 2025. Solid cash flow persists. Regulatory delays loom.
8-K
Q3 sales up, adjusted profit rises
Kellanova posted Q3 net sales of $3.26B, up 0.9% yet organic down 0.5% as Africa noodles surged while snacks and cereals softened elsewhere. Adjusted operating profit climbed 7.3% to $473M, fueled by expense cuts offsetting costs. Mars acquisition, shareholder-approved November 1, 2024, awaits regulatory nods for late-2025 close. No guidance amid pending deal.
8-K
Q2 sales flat, EPS beats
Kellanova posted Q2 net sales of $3.2B, up 0.3% reported but flat organically, with Africa noodles surging 19% organically while North America dropped 4% amid category softness. Adjusted operating profit fell 5.0% to $477M; adjusted EPS declined 6.9% to $0.94, beating internal targets through execution. Mars acquisition awaits regulatory nods for late-2025 close. No guidance due to pending deal.
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