Stock Analysis on Net

Kellanova (NYSE:K)

This company has been moved to the archive! The financial data has not been updated since August 1, 2024.

Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Kellanova, consolidated income statement (quarterly data)

US$ in millions

Microsoft Excel
3 months ended: Jun 29, 2024 Mar 30, 2024 Dec 30, 2023 Sep 30, 2023 Jul 1, 2023 Apr 1, 2023 Dec 31, 2022 Oct 1, 2022 Jul 2, 2022 Apr 2, 2022 Dec 31, 2021 Oct 2, 2021 Jul 3, 2021 Apr 3, 2021 Dec 31, 2020 Sep 26, 2020 Jun 27, 2020 Mar 28, 2020 Dec 28, 2019 Sep 28, 2019 Jun 29, 2019 Mar 30, 2019
Net sales 3,192 3,200 2,490 3,939 3,351 3,342 3,833 3,946 3,864 3,672 3,420 3,622 3,555 3,584 3,464 3,429 3,465 3,412 3,223 3,372 3,461 3,522
Cost of goods sold (2,031) (2,169) (1,628) (2,596) (2,257) (2,358) (2,673) (2,793) (2,721) (2,513) (2,415) (2,457) (2,331) (2,418) (2,279) (2,228) (2,268) (2,268) (2,135) (2,372) (2,275) (2,415)
Gross profit 1,161 1,031 862 1,343 1,094 984 1,160 1,153 1,143 1,159 1,005 1,165 1,224 1,166 1,185 1,201 1,197 1,144 1,088 1,000 1,186 1,107
Selling, general and administrative expense (668) (638) (602) (861) (677) (638) (825) (785) (728) (642) (676) (718) (720) (694) (800) (790) (691) (685) (728) (737) (789) (726)
Operating profit 493 393 260 482 417 346 335 368 415 517 329 447 504 472 385 411 506 459 360 263 397 381
Interest expense (83) (83) (77) (83) (73) (70) (69) (39) (54) (56) (51) (55) (58) (59) (85) (63) (69) (64) (63) (72) (75) (74)
Other income (expense), net 33 43 (183) (24) 28 17 (408) 54 60 74 282 86 69 (30) 70 30 51 (59) 150 45 52
Income from continuing operations before income taxes 443 353 375 372 293 (142) 383 421 535 560 392 532 482 270 418 467 446 238 341 367 359
Income taxes (97) (82) (16) (104) (77) (61) 39 (74) (97) (112) (129) (92) (144) (109) (55) (65) (109) (94) (84) (91) (74) (72)
Earnings (loss) from unconsolidated entities 1 2 (1) 3 2 3 3 2 1 3 5 (3) (2) (7) (1) (4) (2) (2) (2) (1) (2)
Net income from continuing operations 347 271 (14) 270 298 234 (100) 312 326 424 434 305 385 371 208 352 354 350 152 248 292 285
Income from discontinued operations, net of taxes 44 64 68
Net income 347 271 30 270 362 302 (100) 312 326 424 434 305 385 371 208 352 354 350 152 248 292 285
Net (income) loss attributable to noncontrolling interests (3) (4) (3) (1) (5) (4) 2 (2) (2) (1) 2 (5) (3) (3) (4) (3) (3) (7) (1) (6) (3)
Net income attributable to Kellanova 344 267 27 269 357 298 (98) 310 326 422 433 307 380 368 205 348 351 347 145 247 286 282

Based on: 10-Q (reporting date: 2024-06-29), 10-Q (reporting date: 2024-03-30), 10-K (reporting date: 2023-12-30), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-07-01), 10-Q (reporting date: 2023-04-01), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-10-01), 10-Q (reporting date: 2022-07-02), 10-Q (reporting date: 2022-04-02), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-10-02), 10-Q (reporting date: 2021-07-03), 10-Q (reporting date: 2021-04-03), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-26), 10-Q (reporting date: 2020-06-27), 10-Q (reporting date: 2020-03-28), 10-K (reporting date: 2019-12-28), 10-Q (reporting date: 2019-09-28), 10-Q (reporting date: 2019-06-29), 10-Q (reporting date: 2019-03-30).

Income statement item Description The company
Net sales Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Kellanova net sales increased from Q4 2023 to Q1 2024 but then slightly decreased from Q1 2024 to Q2 2024.
Operating profit The net result for the period of deducting operating expenses from operating revenues. Kellanova operating profit increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Income from continuing operations before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Kellanova income from continuing operations before income taxes increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.
Net income attributable to Kellanova The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Kellanova net income attributable to Kellanova increased from Q4 2023 to Q1 2024 and from Q1 2024 to Q2 2024.