KellanovaKEarnings & Financial Report
Kellanova, formerly known as the Kellogg Company, is an American multinational food manufacturing company owned by Mars Inc. headquartered in Chicago, Illinois. The renaming took effect on October 2, 2023, and the company's North American cereal operations were spun off to form the WK Kellogg Co at the same time.
K Q3 FY2025 Key Financial Metrics
Revenue
$3.3B
Gross Profit
$1.1B
Operating Profit
$452.0M
Net Profit
$309.0M
Gross Margin
33.3%
Operating Margin
13.9%
Net Margin
9.5%
YoY Growth
0.8%
EPS
$0.88
Kellanova Q3 FY2025 Financial Summary
Kellanova reported revenue of $3.3B (up 0.8% YoY) for Q3 FY2025, with a net profit of $309.0M (down 15.8% YoY) (9.5% margin). Cost of goods sold was $2.2B, operating expenses totaled $632.0M.
Key Financial Metrics
| Total Revenue | $3.3B |
|---|---|
| Net Profit | $309.0M |
| Gross Margin | 33.3% |
| Operating Margin | 13.9% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
Kellanova Q3 FY2025 revenue of $3.3B breaks down across 4 segments, led by Retail Channel Snacks at $2.0B (62.2% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Retail Channel Snacks | $2.0B | 62.2% |
| Retail Channel Cereal | $678.0M | 20.8% |
| Noodlesand Other | $280.0M | 8.6% |
| Frozen And Specialty Channels | $275.0M | 8.4% |
Kellanova Revenue by Segment — Quarterly Trend
Kellanova revenue by segment across the last 4 reported quarters, showing how each business line (such as Retail Channel Snacks and Retail Channel Cereal) has evolved quarter over quarter.
| Segment | Q3 FY2025 | Q2 FY2025 | Q1 FY2025 | Q4 FY2024 |
|---|---|---|---|---|
| Retail Channel Snacks | $2.0B | $2.0B | $1.9B | $2.0B |
| Retail Channel Cereal | $678.0M | $672.0M | $645.0M | $634.0M |
| Noodlesand Other | $280.0M | $267.0M | $251.0M | $255.0M |
| Frozen And Specialty Channels | $275.0M | $256.0M | $290.0M | $268.0M |
Kellanova Annual Revenue by Year
Kellanova annual revenue history includes year-by-year totals (for example, 2024 revenue was $12.7B).
Kellanova Quarterly Revenue & Net Profit History
Kellanova results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2025 | $3.3B | +0.8% | $309.0M | 9.5% |
| Q2 FY2025 | $3.2B | +0.3% | $299.0M | 9.3% |
| Q1 FY2025 | $3.1B | -3.7% | $304.0M | 9.9% |
| Q4 FY2024 | $3.1B | — | $365.0M | 11.7% |
| Q3 FY2024 | $3.2B | -17.9% | $367.0M | 11.4% |
| Q2 FY2024 | $3.2B | -21.2% | $344.0M | 10.8% |
| Q1 FY2024 | $3.2B | — | $267.0M | 8.3% |
| Q3 FY2023 | $3.9B | +1.9% | $269.0M | 6.8% |
Income Statement
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.94B | $3.20B | $3.19B | $3.23B | $3.12B | $3.08B | $3.20B | $3.26B |
| YoY Growth | 1.9% | N/A | -21.2% | -17.9% | N/A | -3.7% | 0.3% | 0.8% |
Balance Sheet
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $18.70B | $15.31B | $15.30B | $15.76B | $15.63B | $15.47B | $15.87B | $15.64B |
| Liabilities | $14.66B | $12.16B | $11.99B | $12.11B | $11.85B | $11.56B | $11.76B | $11.44B |
| Equity | $4.04B | $3.15B | $3.31B | $3.65B | $3.77B | $3.92B | $4.11B | $4.20B |
Cash Flow
| Q3 2023 | Q1 2024 | Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $756.0M | $364.0M | $376.0M | $553.0M | $467.0M | $116.0M | $169.0M | $503.0M |