Kellanova (K) reported Q1 adjusted earnings Thursday of $0.90 per diluted share, down from $1.01 a year earlier.

Analysts polled by FactSet expected $1.01.

Net sales for the quarter ended March 29 were $3.08 billion, down from $3.2 billion a year earlier.

Analysts surveyed by FactSet expected $3.18 billion.

The company's shares fell 1.5% in premarket activity Thursday.