12:40 PM EDT, 05/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

Kellanova ( K ) reported disappointing Q1 results with revenue of $3,083M (-3.6% Y/Y) missing consensus by $77M and adj-EPS of $0.90 (-11% Y/Y) missing by $0.11. Organic sales grew modestly at 0.7% Y/Y, driven by 3.2% pricing/mix, while volume declined 2.5%. North American performance was particularly weak with volume and pricing down 2.9% and 0.9% respectively, while margins contracted with gross margins falling to 34.9% from 35.7% and operating margins declining to 14.3% from 15.9%. The company did not provide guidance due to its pending acquisition by Mars, Incorporated at $83.50/share, which was approved by shareholders in November 2024 and is expected to close in H1 2025. We believe the results reflect ongoing pressure in the salty snacks category that has persisted for several quarters.