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Kellanova | 10-Q: Q3 2024 Earnings Report

Kellanova | 10-Q: Q3 2024 Earnings Report

家樂氏 | 10-Q:2024財年三季報
美股SEC公告 ·  2024/10/31 12:16

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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.
家樂氏報告稱,2024年第三季度淨銷售額下降1%,至32.3億美金,因外匯不利影響抵消了6%的有機增長。營業利潤上升10%,達到45600萬美元,得益於毛利率改善和來自Wk Kellogg Co.的過渡服務補償。報告的攤薄後每股收益增長了84%,達到1.05美元,而貨幣中立的調整後每股收益增長了19.5%,達到0.92美元。北美的銷售增長了1.1%,強勁的零食表現推動了增長,而歐洲銷售則因價格積極上升了7.2%。儘管面臨貨幣阻力,拉美的有機銷售增長了4.1%;而AMEA的有機銷售激增22%,儘管由於尼日利亞貨幣貶值,報告的銷售下降了10%。毛利率擴大了230個點子,達到36.4%,得益於有利的公允價值影響和生產力提升。該公司公告與Mars的合併提議,每股83.50美元,預計將在2025年上半年完成,需獲得股東和監管機構的批准。管理層在併購相關費用上花費了2200萬美元,並繼續在北美和歐洲執行供應鏈優化計劃。季度股息維持在每股0.57美元。
家樂氏報告稱,2024年第三季度淨銷售額下降1%,至32.3億美金,因外匯不利影響抵消了6%的有機增長。營業利潤上升10%,達到45600萬美元,得益於毛利率改善和來自Wk Kellogg Co.的過渡服務補償。報告的攤薄後每股收益增長了84%,達到1.05美元,而貨幣中立的調整後每股收益增長了19.5%,達到0.92美元。北美的銷售增長了1.1%,強勁的零食表現推動了增長,而歐洲銷售則因價格積極上升了7.2%。儘管面臨貨幣阻力,拉美的有機銷售增長了4.1%;而AMEA的有機銷售激增22%,儘管由於尼日利亞貨幣貶值,報告的銷售下降了10%。毛利率擴大了230個點子,達到36.4%,得益於有利的公允價值影響和生產力提升。該公司公告與Mars的合併提議,每股83.50美元,預計將在2025年上半年完成,需獲得股東和監管機構的批准。管理層在併購相關費用上花費了2200萬美元,並繼續在北美和歐洲執行供應鏈優化計劃。季度股息維持在每股0.57美元。

譯文內容由第三人軟體翻譯。


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