Kellanova (NYSE:K) Q3 2023 Earnings Conference Call November 8, 2023 9:30 AM ET

Company Participants

John Renwick - Vice President of Investor Relations & Corporate Planning

Steve Cahillane - Chairman, President & Chief Executive Officer

Amit Banati - Vice Chairman & Chief Financial Officer

Conference Call Participants

Jason English - Goldman Sachs

Nik Modi - RBC

David Palmer - Evercore ISI

Ken Goldman - JPMorgan

Michael Lavery - Piper Sandler

Max Gumport - BNP Paribas

Bryan Spillane - Bank of America

Alexia Howard - Bernstein

Robert Dickerson - Jefferies

Steve Powers - Deutsche Bank

Operator

Good morning, and welcome to the Kellanova Third Quarter 2023 Earnings Call. All lines have been placed on mute to prevent any background noise. After the speakers’ remarks, there will be a question-and-answer session with publishing analysts.

At this time, I will turn the call over to John Renwick, Vice President of Investor Relations and Corporate Planning for Kellanova Company. Please go ahead.

John Renwick

Thank you, operator. Good morning, and thank you for joining us today for a review of our third quarter results when we were Kellogg Company and a discussion of our outlook for the fourth quarter of 2023, during which we will be post spin-off Kellanova.

I'm joined this morning by Steve Cahillane, our Chairman, President and Chief Executive Officer; and Amit Banati, our Vice Chairman and Chief Financial Officer.

Slide number 3 shows our forward-looking statements disclaimer. As you are aware, certain statements made today, such as projections for Kellanova's future performance, are forward-looking statements. Actual results could be materially different from those projected. For further information concerning factors that could cause these results to differ, please refer to the third slide of this presentation as well as to our public SEC filings. A recording of today's webcast and supporting documents will be archived for at least 90 days on the Investor page of www.kellanova.com.

As always, when referring to our results and outlook, unless otherwise noted, we will be referring to them on an organic basis for net sales and on a currency-neutral adjusted basis for operating profit and earnings per share. Please note that we will have discontinued operations impacts to Kellanova's historical financial statements available during our fourth quarter earnings release in February 2024. Until then, any commentary about Kellanova performance is based on estimates and should therefore be viewed as directional.

And now I'll turn it over to Steve.