Kellanova reports Q3 2025 financial results  

USA – Kellanova reported its third-quarter results for 2025, revealing stable but slightly down earnings compared to the previous year.   

For the quarter ended September 27, 2025, Kellanova posted net sales of US$3.26 billion, a marginal increase from US$3.23 billion in the same period last year.   

However, net income declined to US$309 million from US$367 million a year ago.   

Basic earnings per share (EPS) from continuing operations fell to US$0.89 from US$1.07, while diluted EPS was US$0.88 compared to US$1.05 a year earlier.  

For the first nine months of 2025, Kellanova recorded net sales of US$9.55 billion, slightly lower than US$9.63 billion in the same period of 2024.   

Net income for the nine months was US$912 million, down from US$978 million, with basic EPS at US$2.63 and diluted EPS at US$2.61, both below previous year levels.   

The results reflect some pressure on profitability despite stable top-line growth.  

The slight increase in third-quarter sales was driven by growth in Kellanova’s noodles segment, particularly in Africa, and strength in its snacks division, which includes major brands such as Pringles, RXBAR, and MorningStar Farms.   

Regionally, performance was mixed: North America sales declined by 3%, though operating profit in the region rose by 1%, Europe and Latin America each saw a 1% drop in sales, and Asia Pacific, Middle East, and Africa (AMEA) posted a 14% sales increase, driven by both volume growth and pricing gains.  

The company continues to emphasize its vision to become the world’s best-performing snacks-led powerhouse by leveraging its differentiated brands and digital capabilities to tap into changing consumer preferences.  

Kellanova’s management highlighted efforts to enhance operational efficiencies amidst challenges such as inflationary cost pressures and evolving consumer demand.   

While the third quarter saw some margin compression, the company remains focused on sustainable growth and investments in innovation, marketing, and supply chain capabilities to drive long-term value.  

Investors generally viewed the results positively, noting that Kellanova beat some earnings and revenue estimates; however, the year-over-year decline in profitability suggests caution ahead.   

The company reaffirmed its commitment to sustainability and equity goals, aiming to create better days for 4 billion people by 2030.  

Kellanova’s third-quarter results for 2025 show modest revenue growth, offset by a dip in earnings, driven by a mix of category growth and cost challenges.   

The outlook remains cautiously optimistic as the company pursues product innovation and market expansion initiatives to mitigate external headwinds and position itself for competitive advantage in the global snacks and convenient foods sector.  

As the company navigates a cyclical downturn and prepares for a potential transition under Mars, analysts will be watching closely for signs of stabilization in core markets and further expansion in high-growth regions.  

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