Stock Analysis on Net

Kellanova (NYSE:K)

$22.49

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

Analysis of Revenues

Microsoft Excel

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Revenues as Reported

Kellanova, income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 30, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 28, 2019
Snacks
Cereal
Frozen
Noodles and other
Net sales

Based on: 10-K (reporting date: 2023-12-30), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-28).


The annual revenue data reveals distinct trends across different product categories over the five-year period.

Snacks
The Snacks category shows an overall upward trend in revenue, increasing from 6,663 million US dollars in 2019 to 8,105 million in 2023. Although there was a slight dip in 2020 to 6,281 million, revenues recovered and steadily grew thereafter, indicating strong and increasing demand in this segment.
Cereal
The Cereal segment experienced fluctuations, beginning with 5,029 million in 2019 and rising to 5,433 million in 2020. This was followed by a decline to 5,123 million in 2021 and a slight recovery to 5,280 million in 2022. However, in 2023, the revenue notably dropped to 2,736 million, representing a significant decrease and indicating potential challenges or changes in this category.
Frozen
The Frozen foods category demonstrates relative stability, with revenues maintaining a narrow range between 1,037 million and 1,139 million from 2019 through 2023. This steadiness suggests consistent performance without significant growth or decline.
Noodles and other
This category indicates a positive growth trajectory initially, increasing from 849 million in 2019 to 1,375 million in 2022, followed by a decrease to 1,186 million in 2023. The growth suggests expanding market acceptance or product success up to 2022, while the decline in 2023 may signal emerging competition or market saturation.
Net Sales
Total net sales illustrate a general upward trend from 13,578 million in 2019 to a peak of 15,315 million in 2022. However, there is a notable downturn in 2023 to 13,122 million, largely attributable to the significant decline in the Cereal category.

Overall, while some categories like Snacks have shown strong growth, the considerable reduction in Cereal revenues in the latest year has impacted total net sales negatively, despite stable or growing performance in other segments.