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.
On February 23, 2023, Kellogg Company announced the launch of its latest product, Apple Jacks® Frosted Apple Cinnamon Flavor Pop-Tarts®, inspired by the iconic cereal. Set to hit the shelves nationwide in March, with full rollout by April, these new pastries feature a combination of cinnamon and sweet apple flavors, presented in an 8-count box at an SRP of $3.84, and a 16-count box exclusively at Walmart for $5.02. The company highlights that over 50% of Apple Jacks households also buy Pop-Tarts, suggesting strong market potential for this mashup flavor. The product adds to Kellogg's innovative portfolio, following the success of previous Pop-Tarts flavors.
Pritzker Private Capital has appointed Carter Cast as Operating Partner to enhance commercial activities across its family of companies. With over 30 years of experience, Mr. Cast has a proven background in driving significant growth, having previously served as CEO of Walmart.com and co-founding Blue Nile, an online jewelry marketplace. His experience includes marketing roles at Frito Lay. Mr. Cast's strategic insights are expected to accelerate PPC’s long-term growth. He will also continue his academic role at Kellogg School of Management while serving in this new capacity.
Kellogg Company (NYSE: K) and Meijer have partnered with The National Young Farmers Coalition to support the next generation of farmers through funding and advocacy efforts. Funding will cover honorariums for 12 Midwest farmers, including five from Michigan, participating in the Young Farmers Land Advocacy Fellowship as part of the One Million Acres for the Future campaign. This initiative aims to improve access to land and financing for young farmers, especially those from diverse backgrounds. The collaboration aims to shape sustainable agriculture and support local farmers, underlining Kellogg's commitment to community engagement and equitable food systems.
Kellogg Company (NYSE: K) announced a dividend of $0.59 per share on February 17, 2023, which will be payable on March 15, 2023. Shareowners must be on record by the close of business on March 1, 2023, with the ex-dividend date set for February 28, 2023. This marks the 393rd dividend paid by Kellogg since 1925. The company reported net sales exceeding $15.3 billion in 2022, primarily from snacks and convenience foods. Kellogg is committed to creating Better Days for 3 billion people by 2030 through its ESG strategy.
Kellogg Company (NYSE: K) is focusing on its Better Days Promise, aiming to positively impact the lives of 3 billion people by 2030 through initiatives in wellbeing, hunger, and sustainability. The company emphasizes employee contributions in achieving these goals. In 2022, Kellogg reported net sales exceeding
Frankford Candy has introduced five new Easter treats, expanding its lineup with three PEEPS® treat sets and two Kellogg's® Rice Krispies® candy items. The new offerings include the PEEPS® Milkshake Kit, Flower Power Bunny Gift Set, and Race Car Driver Bunny Gift Set, priced between $7.99 and $8.99. Additionally, two Kellogg's® Rice Krispies® products include candy eggs and marshmallow rabbits, priced from $3.99 to $6.99. These new items will be available at popular retailers like Walmart, Target, and CVS, aiming to attract candy lovers this Easter season.
MorningStar Farms® announces a collaboration with Pringles® to introduce the first-ever plant-based Chik'n Fries in Original and Scorchin' Cheddar Cheeze flavors. These fries contain 11g of protein and 41% less fat than traditional chicken fries, reinforcing MorningStar's commitment to plant-based innovation. The Original flavor features a chicken broth taste combined with potato crisp, while the Scorchin' Cheddar Cheeze offers a savory, spicy kick. Both products will be available in stores this year, with the Original flavor launching in March and the Cheddar variety in the fall. Additionally, new Breakfast Bites with Vegan Egg and Sausage will also debut in March.
Kellogg Company (NYSE: K) announced its 2022 fourth quarter earnings on February 9, 2023, revealing net sales exceeding $15.3 billion, primarily from snacks and convenience foods. The earnings documents, including GAAP reconciliations and presentation slides, are accessible on the company's investor website. A public webcast will feature management discussing results, followed by a Q&A session. The company emphasizes its Kellogg's™ Better Days Promise ESG strategy, aiming to improve well-being and food security for 3 billion people by 2030. More details can be found through the investor portal.
Kellogg Company (NYSE: K) will webcast its presentation at the 2023 Consumer Analyst Group of New York Conference on February 22, 2023, starting at 8:00 am EST. Key speakers include Steve Cahillane (Chairman & CEO), Amit Banati (Vice Chairman & CFO), Chris Hood (President, Kellogg North America), and David Lawlor (President, Kellogg Europe). Printable slides will be accessible from 7:00 am EST on the same day. A replay of the webcast will be available starting at 5:00 pm EST, along with a transcript. This event underscores Kellogg's commitment to transparency and engagement with its investors.
FAQ
What is the current stock price of Kellanova (K)?
What is the market cap of Kellanova (K)?
What is Kellanova?
What are some of the popular brands under Kellanova?
What recent initiatives has Kellanova undertaken?
What is Kellanova's goal for 2030?
How does Kellanova leverage AI in its operations?
What is the annual sales figure for Kellanova?
Where are Kellanova's products manufactured and marketed?
Who are the key executives at Kellanova?
Where can I find more information about Kellanova?
What is the purpose of Kellanova?
