Cheez-It Maker's Q2 Profit Crumbles: Sales Beat, But Merger Clouds Outlook

Kellanova (NYSE:K) reported second-quarter adjusted earnings per share of 94 cents, missing the analyst consensus estimate of $1.

Powered by brands including Pringles, Cheez-It, Pop-Tarts, Kellogg’s Rice Krispies, and more, Kellanova’s quarterly sales of $3.203 billion (down 0.3% year over year) outpaced the Street view of $3.197 billion.

North America’s reported and organic net sales decreased by 4% during the second quarter, as volume declined amidst prolonged softness in snacking and frozen categories.

Also Read: Comcast Rides High On Theme Park And Studio Success

Europe’s reported net ...