Kellanova Misses Q1 Revenue And Earnings Estimates Due To Weak Global Demand And Currency Pressure

Kellanova (NYSE: K) posted a Q1 FY24 revenue drop of 3.6% to $3.08 billion, falling short of expectations. While adjusted EPS of $0.90 missed estimates, organic growth was driven by emerging markets. Regional sales were mixed, with steep declines in Latin America and modest growth in AMEA.