Kellanova, the parent company of brands including Pringles, has reported mixed results for the third quarter of 2025, with net sales increasing by 0.9% to around £2.45bn.

The brand’s operating profit decreased by 1% on a yearly basis to £343.9m, driven by softer consumer demand and higher costs. Kellanova’s adjusted profit increased by 7%, excluding the impact of foreign currency, to £359.8m.

The company’s earnings per share decreased by 16% year-on-year, due to a challenging global and industrywide market.

Reported net sales in Europe declined by 1% on a yearly basis due to a declining demand for cereals and snacks as well as a lower volume mix.

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Steve Cahillane, Kellanova chairman, president and chief executive, said: “Once again our organisation demonstrated resilience and grit as we managed through prolonged category-wide softness and higher costs.

“Amidst this cyclical downturn, we have pivoted toward innovation, productivity, and emerging markets expansion, notably noodles in Africa, and our prioritised expenditure helped us again deliver earnings above our expectations in the third quarter. In the meantime, we continue to work toward closing the Mars transaction and embarking on our exciting next chapter.”

The company did not provide a forward outlook due to its upcoming acquisition deal with Mars.

Last year confectionery giant Mars reached a deal to snap up Pringles maker Kellanova for more than £22bn. The transaction is expected to be completed by the end of 2025.