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 results and rais෴ed its guidance, boosted by North and Latin American demand.

The company formerly known as Kellogg, which 澳洲幸运5官方开奖结果体彩网:split in two in October, posted second-quarter 澳洲幸运5官方开奖结果体彩网: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官方开奖结果体彩网:organic revenue grew 4.0% and "remai♐ned 🍬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 EPS outlook to a range of $3.65 to $3.75, compared to the earlier $3.55 to $3.65. It sees organic reve💖nue 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.