Kellogg Company is a global leader in the food industry, primarily known for its production of breakfast cereals, snacks, and convenience foods
The company offers a diverse portfolio of well-recognized brands, including Corn Flakes, Rice Krispies, Frosted Flakes, and Pringles, catering to a wide range of consumer tastes and preferences. Kellogg is committed to delivering nutritious and high-quality products while actively promoting sustainability in its sourcing and manufacturing processes. Through innovation and marketing strategies, Kellogg aims to adapt to changing consumer demands and maintain its strong presence in the competitive food market.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Kellanova (NYSEK) and the best and worst performers in the shelf-stable food industry.
Consumer staples are considered safe havens in turbulent markets due to their inelastic demand profiles. But they’re also double-edged swords as they often lag in booming conditions, and this pattern has persisted recently.
Over the past six months, the industry has recorded a loss of 7.9%, a far cry from the S&P 500’s 6.7% ascent.
Packaged foods company Kellanova (NYSEK) met Wall Street’s revenue expectations in Q4 CY2024, but sales fell by 1.6% year on year to $3.12 billion. Its non-GAAP profit of $0.92 per share was 10.7% above analysts’ consensus estimates.
It's a mixed session on Wall Street, with major indices struggling for direction as investors hold their breath ahead of a key jobs report set for Friday morning. The S&P 500 and the Nasdaq 100 edged up 0.3%, while the Dow Jones slipped 0.1% and small caps held steady.
Goldman Sachs and Morgan Stanley are two of the leading investment bankers on Wall Street posting double digit revenue growth in Q4, but which has more upside?
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including Mondelez (NASDAQMDLZ) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the shelf-stable food industry, including Kellanova (NYSEK) and its peers.
Buying chocolatier Hershey looks like a nutty idea. Mondelez International, the maker of Oreo cookies and Cadbury Dairy Milk bars, may nonetheless give it a shot eight years after a previous bid failed. Crunching the numbers leaves a bitter taste.
As the Q3 earnings season wraps, let’s dig into this quarter’s best and worst performers in the shelf-stable food industry, including J&J Snack Foods (NASDAQJJSF) and its peers.
Canada is considering export taxes on goods, including uranium, oil and potash, if President-elect Donald Trump imposes the broad tariffs he has pledged.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Simply Good Foods (NASDAQSMPL) and the rest of the shelf-stable food stocks fared in Q3.
