Kellanova ( (K) ) has released its Q3 earnings. Here is a breakdown of the information Kellanova presented to its investors.
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Kellanova, a prominent player in the global snacking, international cereal, and North American frozen foods sectors, has released its third-quarter earnings for 2025. The company is currently involved in a pending acquisition by Mars, Incorporated, which is expected to close by the end of 2025.
For the third quarter of 2025, Kellanova reported a slight increase in net sales, driven by growth in its noodles segment in Africa and favorable currency translation. However, the company faced a decline in operating profit and earnings per share due to decreased mark-to-market benefits and higher costs. Despite these challenges, adjusted operating profit saw a 7% increase, highlighting the company’s focus on innovation and emerging market expansion.
Regionally, Kellanova experienced varied performance. North America saw a 3% decrease in net sales, while Europe and Latin America also faced declines. In contrast, the Asia Pacific, Middle East, and Africa (AMEA) region reported a 14% increase in net sales, driven by strong performance in the noodles and cereal segments. The company’s free cash flow for the year-to-date period was $320 million, down from $853 million in the previous year, primarily due to increased capital expenditures.
Looking ahead, Kellanova remains committed to innovation and productivity, with a focus on expanding in emerging markets. The company is also working towards completing its merger with Mars, which is anticipated to usher in a new chapter of growth and opportunities.