BATTLE CREEK (dpa-AFX) - (Adds Outlook)

Kellanova (K) reported a profit for first quarter that decreased from last year

The company's bottom line totaled $267 million, or $0.78 per share. This
compares with $298 million, or $0.86 per share, in last year's first quarter.

Excluding items, Kellanova reported adjusted earnings of $1.01 per share for the
period.

The company's revenue for the quarter fell 4.2% to $3.20 billion from $3.34
billion last year.

Outlook

For fiscal 2024, the company continues to expect adjusted earnings per share of
around $3.55 to $3.65.

Analysts expect earnings of $3.57 per share for the year.

Adjusted operating profit is still expected to be around $1.85 billion to $1.90
billion.

The company continues to expect organic-basis net sales growth of approximately
3% or better against a recast 2023, which remains within the Company's long-term
target range.

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