Shares of Pringles and Pop-Tarts parent Kellanova (K) rose in intraday trading Thursday as the cereal and snack food maker reported better-than-expected resu♐lts and raised its guidance, boosted by North and Latinꦕ American demand.

The company formerly known as Kellogg, which 澳洲幸运5开奖号码历史查询:split in two in October, posted second-quarter 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $1.00, $0.11 above the average of analysts surveyed by Visible Alpha.

Revenue fell 4.7% year-over-year to $3.19 billion but it also exceeded forecasts. The company blamed the drop on "adverse currency translation and the 2023 divestiture of its business in Russia." It added that 澳洲幸运5开奖号码历史查询:organic revenue grew 4.0% 𒉰and "remained within its long-term target range."

North American sales gained 0.7%, "driven by a return to volume growth," which increased 2.0%. Latin America sales and volume also advanced, but they fell in Europe and in the Asia Pacific, Middle East, and Africa region. 

Kellanova Boosts FY Adjusted EPS Guidance

Kellanova explained that because of a stronger-than-expected first half, it was lifting its full-year adjusted EP🌟S outlook to a range of $3.65 to $3.75, compared to the earlier $🍸3.55 to $3.65. It sees organic revenue expanding by 3.5% or more, versus its previous prediction of a rise of at least 3%.

Shares of Kellanova rose almost 5% to $60.90 as of 2:20 p.m. ET Thursday and have added 9% year-to-date.