Kellanova (K) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 | Q1'21 | Q4'20 | Q3'20 |
|---|
| Sales/Revenue | 3.2B | 3.08B | 3.12B | 3.23B | 3.19B | 3.2B | 3.17B | 3.25B | 3.35B | 3.34B | 3.83B | 3.95B | 3.86B | 3.67B | 3.42B | 3.62B | 3.56B | 3.58B | 3.46B | 3.43B |
| Revenue Growth % | 0.34% | -3.66% | -1.58% | -0.68% | -4.74% | -4.25% | -17.19% | -17.51% | -13.28% | -8.99% | 12.08% | 8.95% | 8.69% | 2.46% | -1.27% | 5.63% | 2.6% | 5.04% | 7.48% | 1.69% |
| Cost of Goods Sold | 2.1B | 2.02B | 1.92B | 2.04B | 1.99B | 2.07B | 2.07B | 2.15B | 2.25B | 2.36B | 2.67B | 2.79B | 2.72B | 2.51B | 2.4B | 2.45B | 2.33B | 2.42B | 2.27B | 2.23B |
| COGS % of Revenue | 65.69% | 65.39% | 61.56% | 63.07% | 62.41% | 64.56% | 65.34% | 65.9% | 67.14% | 70.56% | 69.74% | 70.73% | 70.37% | 68.33% | 70.15% | 67.67% | 65.54% | 67.44% | 65.53% | 64.98% |
| Gross Profit | 1.1B | 1.07B | 1.2B | 1.19B | 1.2B | 1.13B | 1.1B | 1.11B | 1.1B | 984M | 1.16B | 1.16B | 1.15B | 1.16B | 1.02B | 1.17B | 1.23B | 1.17B | 1.19B | 1.2B |
| Gross Margin % | 34.31% | 34.61% | 38.44% | 36.93% | 37.59% | 35.44% | 34.66% | 34.1% | 32.86% | 29.44% | 30.26% | 29.27% | 29.63% | 31.67% | 29.85% | 32.33% | 34.46% | 32.56% | 34.47% | 35.02% |
| Gross Profit Growth % | -8.42% | -5.91% | 9.18% | 7.57% | 8.99% | 15.24% | -5.17% | -3.9% | -3.84% | -15.39% | 13.61% | -1.37% | -6.53% | -0.34% | -14.49% | -2.5% | 2% | 2.01% | 8.64% | 18.21% |
| Operating Expenses | 661M | 637M | 670M | 738M | 707M | 741M | 772M | 696M | 684M | 638M | 825M | 787M | 730M | 646M | 692M | 724M | 721M | 695M | 809M | 790M |
| OpEx % of Revenue | 20.64% | 20.66% | 21.45% | 22.83% | 22.15% | 23.16% | 24.32% | 21.38% | 20.41% | 19.09% | 21.52% | 19.94% | 18.89% | 17.59% | 20.23% | 19.99% | 20.28% | 19.39% | 23.35% | 23.04% |
| Selling, General & Admin | 635M | 610M | 647M | 709M | 641M | 605M | 883M | 659M | 664M | 624M | 825M | 724M | 648M | 553M | 629M | 732M | 634M | 607M | 888M | 725M |
| SG&A % of Revenue | 19.83% | 19.79% | 20.71% | 21.93% | 20.08% | 18.91% | 27.82% | 20.25% | 19.81% | 18.67% | 21.52% | 18.35% | 16.77% | 15.06% | 18.39% | 20.21% | 17.83% | 16.94% | 25.64% | 21.14% |
| Research & Development | 0 | 0 | 115M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134M | 0 | 0 | 0 | 135M | 0 |
| R&D % of Revenue | - | - | 3.68% | - | - | - | - | - | - | - | - | - | - | - | 3.92% | - | - | - | 3.9% | - |
| Other Operating Expenses | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 0 | 1000K | 1000K | 1000K | -1000K | -1000K | 1000K | 1000K | -1000K | 1000K |
| Operating Income | 438M | 430M | 531M | 456M | 493M | 393M | 328M | 414M | 417M | 346M | 335M | 368M | 415M | 517M | 329M | 447M | 504M | 472M | 385M | 411M |
| Operating Margin % | 13.67% | 13.95% | 17% | 14.1% | 15.44% | 12.28% | 10.33% | 12.72% | 12.44% | 10.35% | 8.74% | 9.33% | 10.74% | 14.08% | 9.62% | 12.34% | 14.18% | 13.17% | 11.11% | 11.99% |
| Operating Income Growth % | -11.16% | 9.41% | 61.89% | 10.14% | 18.23% | 13.58% | -2.09% | 12.5% | 0.48% | -33.08% | 1.82% | -17.67% | -17.66% | 9.53% | -14.55% | 8.76% | -0.4% | 2.83% | 6.94% | 56.27% |
| EBITDA | 529M | 522M | 625M | 548M | 588M | 479M | 357M | 526M | 527M | 462M | 462M | 481M | 534M | 636M | 450M | 561M | 624M | 584M | 509M | 532M |
| EBITDA Margin % | 16.52% | 16.93% | 20.01% | 16.95% | 18.42% | 14.97% | 11.25% | 16.16% | 15.73% | 13.82% | 12.05% | 12.19% | 13.82% | 17.32% | 13.16% | 15.49% | 17.55% | 16.29% | 14.69% | 15.51% |
| EBITDA Growth % | -10.03% | 8.98% | 75.07% | 4.18% | 11.58% | 3.68% | -22.73% | 9.36% | -1.31% | -27.36% | 2.67% | -14.26% | -14.42% | 8.9% | -11.59% | 5.45% | 0.16% | 1.39% | 5.17% | 40% |
| D&A (Non-Cash Add-back) | 91M | 92M | 94M | 92M | 95M | 86M | 29M | 112M | 110M | 116M | 127M | 113M | 119M | 119M | 121M | 114M | 120M | 112M | 124M | 121M |
| EBIT | 464M | 457M | 554M | 485M | 559M | 529M | 217M | 451M | 437M | 360M | -73M | 431M | 497M | 610M | 392M | 439M | 591M | 560M | 306M | 476M |
| Net Interest Income | -76M | -65M | -90M | -75M | -82M | -81M | -95M | -73M | -71M | -67M | -66M | -37M | -62M | -59M | -71M | -61M | -48M | -59M | -91M | -66M |
| Interest Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest Expense | 76M | 65M | 90M | 75M | 82M | 81M | 95M | 73M | 71M | 67M | 66M | 37M | 62M | 59M | 71M | 61M | 48M | 59M | 91M | 66M |
| Other Income/Expense | -52M | -49M | -72M | -52M | -49M | -40M | -228M | -138M | -42M | -51M | -477M | 18M | 8M | 19M | 234M | -50M | 25M | 8M | -122M | 6M |
| Pretax Income | 386M | 381M | 459M | 404M | 444M | 353M | 100M | 276M | 375M | 295M | -142M | 386M | 423M | 536M | 563M | 397M | 529M | 480M | 263M | 417M |
| Pretax Margin % | 12.05% | 12.36% | 14.69% | 12.5% | 13.91% | 11.03% | 3.15% | 8.48% | 11.19% | 8.83% | -3.7% | 9.78% | 10.95% | 14.6% | 16.46% | 10.96% | 14.88% | 13.39% | 7.59% | 12.16% |
| Income Tax | 83M | 73M | 91M | 34M | 97M | 82M | 42M | 78M | 77M | 61M | -42M | 74M | 97M | 112M | 129M | 92M | 144M | 109M | 55M | 65M |
| Effective Tax Rate % | 21.5% | 19.16% | 19.83% | 8.42% | 21.85% | 23.23% | 42% | 28.26% | 20.53% | 20.68% | 29.58% | 19.17% | 22.93% | 20.9% | 22.91% | 23.17% | 27.22% | 22.71% | 20.91% | 15.59% |
| Net Income | 299M | 304M | 365M | 367M | 344M | 267M | 27M | 269M | 357M | 298M | -98M | 310M | 326M | 422M | 433M | 307M | 380M | 368M | 205M | 348M |
| Net Margin % | 9.34% | 9.86% | 11.68% | 11.35% | 10.78% | 8.34% | 0.85% | 8.26% | 10.65% | 8.92% | -2.56% | 7.86% | 8.44% | 11.49% | 12.66% | 8.48% | 10.69% | 10.27% | 5.92% | 10.15% |
| Net Income Growth % | -13.08% | 13.86% | 1251.85% | 36.43% | -3.64% | -10.4% | 127.55% | -13.23% | 9.51% | -29.38% | -122.63% | 0.98% | -14.21% | 14.67% | 111.22% | -11.78% | 8.26% | 6.05% | 41.38% | 40.89% |
| Net Income (Continuing) | 303M | 308M | 368M | 370M | 347M | 271M | 58M | 198M | 298M | 234M | -100M | 312M | 326M | 424M | 434M | 305M | 385M | 371M | 208M | 352M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | -1000K | 1000K | 1000K | 1000K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 101M | 110M | 107M | 108M | 120M | 126M | 194M | 239M | 256M | 427M | 434M | 455M | 476M | 500M | 495M | 525M | 518M | 517M | 524M | 542M |
| EPS (Diluted) | 0.85 | 0.87 | 1.04 | 1.05 | 1.00 | 0.78 | 0.08 | 0.78 | 1.03 | 0.86 | -0.29 | 0.90 | 0.95 | 1.23 | 1.26 | 0.89 | 1.11 | 1.07 | 0.59 | 1.01 |
| EPS Growth % | -15% | 11.67% | 1203.63% | 34.62% | -2.91% | -9.3% | 127.59% | -13.33% | 8.42% | -30.08% | -123.02% | 1.12% | -14.41% | 14.95% | 113.56% | -11.88% | 8.82% | 5.94% | 40.48% | 40.28% |
| EPS (Basic) | 0.86 | 0.88 | 1.06 | 1.07 | 1.01 | 0.78 | 0.08 | 0.79 | 1.04 | 0.87 | -0.29 | 0.91 | 0.96 | 1.24 | 1.27 | 0.90 | 1.12 | 1.07 | 0.60 | 1.02 |
| Diluted Shares Outstanding | 350M | 349M | 350M | 347M | 345M | 344M | 344M | 345M | 345M | 345M | 342M | 344M | 342M | 342M | 344M | 343M | 343M | 344M | 346M | 346M |
| Basic Shares Outstanding | 347M | 346M | 345M | 343M | 342M | 341M | 342M | 342M | 343M | 342M | 342M | 341M | 339M | 340M | 341M | 341M | 341M | 342M | 344M | 343M |
| Dividend Payout Ratio | 66.22% | 64.8% | 53.7% | 53.68% | 55.81% | 71.54% | 703.7% | 76.58% | 56.58% | 67.79% | - | 65.16% | 60.43% | 46.68% | 45.73% | 64.5% | 51.84% | 52.99% | 95.61% | 56.32% |