Kellanova (K) – A Strategic approach to move growth upward

in , , on November 3, 2023

Kellanova (K) (Q2FY23)

Stock performance: Kellanova stock gave returns of -21.3% and -29% in the period of three months and one year. The stock has a 52-week high of $72.46 and a 52-week low of $47.63. The stock gave returns of -19.5% and CAGR of -7% over a period of three years. The stock had a 200-Day Moving Average of $61.31 and a 50-Day Moving Average of $55.22.

Quarter Performance: In Q2FY23, net sales increased 5% to $4.04bn from $3.86bn in Q2FY22 as a result of positive price/mix and sustained momentum in snacks which more than offset the impacts of price elasticity and unfavorable currency. Organic net sales increased 7% from the prior year excluding foreign currency.

Guidance: In FY23 K is expecting its sales to be ~$13000mn and in the range of $13400mn to $13600mn in FY24. The adjusted operating profit is expected to be ~1750mn in FY23. Adjusted EPS is expected to ~$3.35 in FY23 and in the range of $3.55 to $3.65. The company expects a cash flow of ~0.8bn in FY23 and ~1bn in FY24.


In Q2FY23, the SG&A expenses of the company increased by 13.2% to $824mn from $728mn in Q2FY22. Moreover, the SG&A expenses of K increased by 16.4% to $1.59bn in H1FY23, compared to $1.37bn in H1FY22.

This report is useful for M&A, business & investment analysis to all students, researchers, investors, private equity houses, broking firms, hedge funds, advisory firms and corporates to decide upon their investment strategies. Do connect with us, if you are looking for equity valuation, recommendation, analysis and market recommendation for any specific company, sector and industry.



– Enterprise Value
– CrispIdea Forecast
– CrispIdea Segment Forecast
– Economic Value Added Analysis
– P/E Analysis
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Du Pont Analysis
– ROIC & ROCE Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance


Stock Price Performance

Crispidea Coverage

No of Pages: 37

To Download other equity reports CLICK HERE

Follow our LinkedIn page for more updates.

Release Information

  • Price


  • Released

    November 3, 2023

  • Last Updated

    November 3, 2023