Despite Kellanova's recent earnings drop, its high P/E ratio persists due to anticipated growth surpassing the broader market. Investors' faith in the company's prosperous future seems to outweigh the risk of earnings decline, bolstering the share price.
Kellanova's leadership changes are viewed as a smooth transition, thanks to its deep talent pool. The appointments of Amaya and Marroquin, known for their business leadership and commitment to the company's strategy, reflect Kellanova's strong talent caliber.