Welcome to our dedicated page for Kellanova news (Ticker: K), a resource for investors and traders seeking the latest updates and insights on Kellanova stock.
Kellanova (NYSE: K), formerly part of the Kellogg Company, is a global leader in the production and marketing of snacks and packaged foods. With a legacy stretching back over 100 years and annual sales surpassing $13 billion, Kellanova offers a diverse product portfolio that includes iconic brands like Pringles®, Cheez-It®, Pop-Tarts®, Eggo®, and MorningStar Farms®. As a powerhouse in the snacking industry, Kellanova's products are manufactured in around 20 countries and marketed in more than 180 countries worldwide.
Following its strategic split from the North American cereal business, Kellanova has focused on becoming a leader in salty snacks, snack bars, frozen breakfast items, meat alternatives, and other packaged foods. The company’s commitment to sustainability and equitable food access is embodied in its ambitious goal to create Better Days for 4 billion people by 2030.
Kellanova has recently made headlines with several notable initiatives. For instance, their brand Eggo® has partnered with the National Black Growers Council (NBGC) to support Black farmers through grants aimed at improving farming efficiency and productivity. This partnership aligns with Kellanova's mission of fostering sustainable and equitable food systems.
Moreover, the launch of the Eggo House of Pancakes in Gatlinburg, Tennessee, offers a unique vacation experience, reinforcing Eggo's brand while providing chaos-free mornings for guests. Not to be outdone, Hidden Valley Ranch and Cheez-It® have collaborated to introduce a new product, Cheezy Ranch, combining the rich flavors of ranch and cheese into a delectable dipping sauce.
In terms of financial performance, Kellanova has shown consistent growth, with net sales reaching $13 billion in 2023. The company continues to innovate and expand its product offerings while leveraging advanced AI technologies to optimize supply chain efficiencies, improve e-commerce search, and better understand consumer needs.
With a clear vision to become the world's best-performing snacks-led powerhouse, Kellanova is well-positioned for future growth. Under the leadership of Steve Cahillane, Chairman, President & CEO, and Amit Banati, Vice Chairman & CFO, the company remains committed to delivering value to its stakeholders while advancing sustainable and equitable food access globally.
For more detailed information, visit Kellanova's website and stay updated on their latest developments and financial results.
Cheez-It has increased its donation to the College Football Playoff Foundation's Extra Yard for Teachers initiative to $300,000, up $50,000 from last year. This partnership, part of Kellanova's Better Days Promise, aims to support educators nationwide. In 2023, the previous $250,000 donation funded 444 projects for 343 teachers at 175 schools, focusing on underfunded schools in Illinois and Michigan where at least 50% of students qualify for free or reduced-price lunches. The initiative includes funding classroom projects through DonorsChoose and engaging college football student-athletes to honor educators.
Kellanova shares expert advice on holiday cracker pairings through Chef Becca Kapela's recommendations. The guide details various combinations of crackers with cheeses and meats, from basic to elevated pairings. Notable suggestions include pairing Toasteds® Savory Onion with crème fraîche and smoked trout, Town House® Flipsides with parmesan and apple cider jelly, and Club® Sweet Hawaiian crackers with cheddar, pork belly, and sage honey. The guide emphasizes balancing flavors and textures to create optimal taste combinations for holiday gatherings.
Cheez-It launches its first-ever Cheez Wheelz food truck at college football tailgates, leading up to the Cheez-It Citrus Bowl. The truck will visit two locations: Happy Valley, PA on November 2, and Athens, GA on November 16, 2024. The menu features Cheez-It-infused tailgate classics including specialty smashburgers, a chili mac & cheese hot dog, and cheezy pickle dip. The brand reports 280% year-over-year growth and holds over 29% market share in college and university cracker markets.
Kellanova (NYSE: K) has released its 2024 third quarter earnings results. The detailed financial documents are accessible on the company's website. Additionally, a Current Report on Form 8-K has been filed with the U.S. Securities and Exchange Commission and can be viewed on the SEC's website.
Kellanova (NYSE: K) has announced a quarterly dividend of $0.57 per share, payable on December 13, 2024, to shareholders of record as of December 2, 2024. This marks the company's 400th dividend payment since 1925, maintaining its long-standing tradition of shareholder returns. The ex-dividend date is set for December 2, 2024.
Club® Crackers introduces Club® Sweet Hawaiian, a new flavor expanding the popular Hawaiian roll taste into the cracker category. This light, flaky, and buttery cracker offers a hint of sweetness, perfect for various toppings and recipes. Additionally, the brand is launching -edition Cinnamon Sugar Club® Minis for the holiday season.
Club® Sweet Hawaiian will be available at select retailers starting October 2024, with a full nationwide rollout in 2025. Cinnamon Sugar Club® Minis will be available for a time at retailers nationwide beginning October 2024. The brand celebrated these new flavors with an exclusive preview at the Book CLUB® House, an immersive fall book club getaway experience.
On World Food Day, Kellanova and The Global FoodBanking Network (GFN) highlight their partnership to combat child hunger globally. GFN, with 39 food banks in 33 countries, implements various child hunger programs supported by Kellanova. These include school meals, summer food programs, and nutrition education. In South Africa, Food Forward SA's Mother & Child Nutrition Program, backed by Kellanova, provides 250-500 monthly food parcels to pregnant and nursing women, addressing the 27% stunting rate in children under 5.
Kellanova has invested $5.8 million since 2006 in GFN member food banks worldwide. This partnership aligns with Kellanova's Better Days Promise to feed 400 million people facing hunger by 2030. The collaboration spans multiple countries, including Brazil, Colombia, Ecuador, Guatemala, Mexico, Singapore, Taiwan, and Thailand, aiming to ensure better nutrition and development for children globally.
Kellanova is gearing up for fall and Halloween with a range of seasonal offerings across its popular brands. Pop-Tarts brings back its Pumpkin Pie flavor and offers a life-sized Strawberry costume at Spirit Halloween. Pringles introduces -edition Glow-in-the-Dark cans and Halloween Snack Stacks. Cheez-It offers Halloween-themed snack packs for trick-or-treating.
Rice Krispies Treats presents Halloween and Día de los Muertos themed Mini Squares and Mega size bars, perfect for creative snacking and decorating. RXBAR joins the autumn lineup with its Pumpkin Spice flavor, offering a nutritious option with 12g of protein. These seasonal products aim to satisfy cravings and add festive flair to fall celebrations.
Pringles® is bringing back its Dill Pickle flavor in response to overwhelming consumer demand and the surging popularity of pickle-related content on social media. The return comes after a two-year hiatus and coincides with an 86% increase in dill pickle-related posts over the past eight months. Pringles Dill Pickle offers a tangy, salty flavor with a touch of herbal dill.
Additionally, Pringles is expanding its Hot Ones collaboration with three flavors inspired by Hot Ones sauces:
- NEW Pringles® Hot Ones Los Calientes Barbacoa
- Pringles® Hot Ones Los Calientes Rojo
- Pringles® Hot Ones Los Calientes Verde
Both Pringles Dill Pickle and the Hot Ones lineup will be available nationwide starting in October. This release aligns with Kellanova's (NYSE: K) vision to become the world's best-performing snacks-led powerhouse.
Kellanova has achieved a significant milestone in its Equity, Diversity & Inclusion (ED&I) efforts, with all four regions and 17 country locations recognized on the 2024 Seramount Global Inclusion Index for the second consecutive year. This prestigious index benchmarks companies' progress in areas such as Demographics, Retention & Advancement, and Corporate Culture.
Sam Thomas-Berry, VP of Talent & Chief Diversity Officer, emphasized that this recognition reflects Kellanova's organizational identity and commitment to creating an inclusive workplace. The achievement aligns with Kellanova's Better Days Promise, aiming to positively impact 4 billion people by 2030 through workplace inclusivity, community support, and consumer engagement.
This recognition serves as both a validation of Kellanova's current efforts and a roadmap for future progress in fostering an inclusive environment where every employee feels valued, empowered, and celebrated for their diverse perspectives.
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