Snacking Slowdown Dings Kellanova -- Market Talk

Dow Jones

2025/07/31

0914 ET - Kellanova posted a slight uptick in sales for 2Q, though weakness in the company's snacking and frozen food units were a drag on earnings. The Pringles and Pop-Tarts maker said North America sales fell 4% compared to year-ago levels amid "prolonged softness" in its snacking and frozen categories. The sluggish snack demand comes as the EU has paused its in-depth probe of Kellanova's $30B sale to Mars, slowing that transaction. Kellanova says it expects the deal to close towards the end of 2025. (jesse.newman@wsj.com)

(END) Dow Jones Newswires

July 31, 2025 09:14 ET (13:14 GMT)

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