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Kellanova | 10-Q: Q3 2024 Earnings Report

Kellanova | 10-Q: Q3 2024 Earnings Report

家乐氏 | 10-Q:2024财年三季报
美股SEC公告 ·  2024/10/31 05:16

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Kellanova reported Q3 2024 net sales decreased 1% to $3.23 billion as unfavorable foreign currency impact offset 6% organic growth. Operating profit rose 10% to $456 million, driven by improved gross margins and transition services reimbursement from WK Kellogg Co. Reported diluted EPS increased 84% to $1.05, while currency-neutral adjusted EPS grew 19.5% to $0.92.North America sales grew 1.1% with strong snacks performance, while Europe sales increased 7.2% on positive pricing. Latin America organic sales rose 4.1% despite currency headwinds, and AMEA organic sales surged 22% though reported sales declined 10% due to Nigerian currency devaluation. Gross margin expanded 230 basis points to 36.4% on favorable mark-to-market impacts and productivity improvements.The company announced a proposed merger with Mars for $83.50 per share, expected to close in first half of 2025 subject to shareholder and regulatory approvals. Management incurred $22 million in merger-related costs and continued executing supply chain optimization initiatives in North America and Europe. The quarterly dividend was maintained at $0.57 per share.
Kellanova reported Q3 2024 net sales decreased 1% to $3.23 billion as unfavorable foreign currency impact offset 6% organic growth. Operating profit rose 10% to $456 million, driven by improved gross margins and transition services reimbursement from WK Kellogg Co. Reported diluted EPS increased 84% to $1.05, while currency-neutral adjusted EPS grew 19.5% to $0.92.North America sales grew 1.1% with strong snacks performance, while Europe sales increased 7.2% on positive pricing. Latin America organic sales rose 4.1% despite currency headwinds, and AMEA organic sales surged 22% though reported sales declined 10% due to Nigerian currency devaluation. Gross margin expanded 230 basis points to 36.4% on favorable mark-to-market impacts and productivity improvements.The company announced a proposed merger with Mars for $83.50 per share, expected to close in first half of 2025 subject to shareholder and regulatory approvals. Management incurred $22 million in merger-related costs and continued executing supply chain optimization initiatives in North America and Europe. The quarterly dividend was maintained at $0.57 per share.
家乐氏报告称,2024年第三季度净销售额下降1%,至32.3亿美金,因外汇不利影响抵消了6%的有机增长。营业利润上升10%,达到45600万美元,得益于毛利率改善和来自Wk Kellogg Co.的过渡服务补偿。报告的摊薄后每股收益增长了84%,达到1.05美元,而货币中立的调整后每股收益增长了19.5%,达到0.92美元。北美的销售增长了1.1%,强劲的零食表现推动了增长,而欧洲销售则因价格积极上升了7.2%。尽管面临货币阻力,拉美的有机销售增长了4.1%;而AMEA的有机销售激增22%,尽管由于尼日利亚货币贬值,报告的销售下降了10%。毛利率扩大了230个基点,达到36.4%,得益于有利的公允价值影响和生产力提升。该公司公告与Mars的合并提议,每股83.50美元,预计将在2025年上半年完成,需获得股东和监管机构的批准。管理层在并购相关费用上花费了2200万美元,并继续在北美和欧洲执行供应链优化计划。季度股息维持在每股0.57美元。
家乐氏报告称,2024年第三季度净销售额下降1%,至32.3亿美金,因外汇不利影响抵消了6%的有机增长。营业利润上升10%,达到45600万美元,得益于毛利率改善和来自Wk Kellogg Co.的过渡服务补偿。报告的摊薄后每股收益增长了84%,达到1.05美元,而货币中立的调整后每股收益增长了19.5%,达到0.92美元。北美的销售增长了1.1%,强劲的零食表现推动了增长,而欧洲销售则因价格积极上升了7.2%。尽管面临货币阻力,拉美的有机销售增长了4.1%;而AMEA的有机销售激增22%,尽管由于尼日利亚货币贬值,报告的销售下降了10%。毛利率扩大了230个基点,达到36.4%,得益于有利的公允价值影响和生产力提升。该公司公告与Mars的合并提议,每股83.50美元,预计将在2025年上半年完成,需获得股东和监管机构的批准。管理层在并购相关费用上花费了2200万美元,并继续在北美和欧洲执行供应链优化计划。季度股息维持在每股0.57美元。
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