Cheez It Parent Kellanova's Q3 Earnings: Organic Sales Climb, Mars Buyout Vote Nears & More

Kellanova (NYSE:K) reported third-quarter adjusted earnings per share of 91 cents (+18.2%) on Thursday, beating the street view of 85 cents.

Quarterly sales of $3.23 billion (down 0.7%) outpaced the analyst consensus estimate of $3.158 billion.

On an organic basis, excluding currency effects, the company’s net sales rose by 6%.

In the third quarter, Kellanova achieved above-target growth in organic net sales and adjusted operating profit and earnings per share.

The company’s strong performance was driven primarily by volume growth and favorable price/mix changes in emerging markets, along with ...