Pringles, Pop-Tarts Parent Kellanova Beats Estimates, Lifts Outlook
KKellogg(K) Investopedia·2024-08-02 02:31

Key TakeawaysKellanova beats profit and sales estimates and boosts its guidance as volumes increase in North and Latin America.North American sales rose 0.7% year-over-year, and volumes grew 2.0%.Kellanova shares rose about 5% in intraday trading Thursday. Shares of Pringles and Pop-Tarts parent Kellanova (K) rose in intraday trading Thursday as the cereal and snack food maker reported better-than-expected results and raised its guidance, boosted by North and Latin American demand. The company formerly know ...