Jason English's questions to KELLANOVA (K) leadership • Q3 2023
Question
Asked for confirmation on the 2023 base earnings estimate provided at the Analyst Day and questioned the achievability of the long-term growth algorithm for 2024, specifically whether North America's performance would lag while being offset by strength in other regions.
Answer
The company is on track for 2023 but will provide updated absolute numbers in February after finalizing the budget and exchange rates. They reiterated their expectation to achieve their long-term algorithm growth rates in 2024. They expressed optimism for North America's performance, expecting a return to its own algorithm due to the resumption of merchandising and innovation activities that were purposefully delayed in 2023.