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 is enhancing the college football experience with its 'Feelin' the Cheeziest' initiative, introducing themed hotel rooms and on-field suites for fans and players. These unique offerings at the Cheez-It Bowl will provide immersive, Cheez-It-inspired stays, featuring branded decor and fun elements. Players from the ACC, Big 12, SEC, and Big Ten will experience this novelty through NIL deals, aiming to boost team spirit. The Cheez-It Bowl is set for Dec. 29 and the Citrus Bowl on Jan. 2, 2023, showcasing the brand's commitment to elevating game day excitement.
Kellogg Company emphasizes the need for innovation in the global food system to meet the United Nations Sustainable Development Goal No. 2, which aims to end hunger and improve food security by 2030. With a projected global population of 9.7 billion by 2050, the demand for food is expected to rise by 60%. Kellogg's initiatives, like the Ingrained™ program for rice farmers, focus on sustainable practices and reducing greenhouse gas emissions. The company's Better Days Promise aims to create a positive impact for 3 billion people by 2030.
Kellogg Company has launched a festive campaign encouraging families to swap traditional baked goods for Rice Krispies Treats, as Santa expresses his preference for these treats this holiday season. Running from November 15 to December 10, 2022, the campaign features a sweepstakes where 25 families can win up to $2,000 towards their holiday shopping. Participating is easy: families can make homemade treats and engage on TikTok using #SantaWantsRiceKrispiesEntry. This initiative aims to ease holiday stress while promoting family bonding through treat-making.
Kellogg Company, in partnership with United Way Worldwide, has selected grant winners from the United to Feed Innovation Challenge aimed at promoting sustainable food access. Three finalists received $25,000 each to enhance their initiatives, focusing on food education, waste reduction, and cooking skills for underserved communities. Additionally, two other finalists received $5,000 each for projects aimed at improving food access and addressing local food system gaps. This initiative is part of Kellogg's Better Days ESG strategy, which seeks to ensure equitable food access globally.
Cheez-It has become the title sponsor of the new Cheez-It Citrus Bowl, set for Jan. 2, 2023, at 1 p.m. EST in Orlando. This partnership enhances Cheez-It's commitment to college football, continuing its role as a leading sponsor in NCAA events. The agreement includes exclusive rights, social media content, and in-stadium exposure. Cheez-It's Bowl sponsorships, including the Citrus Bowl and the Cheez-It Bowl, are aimed at engaging college football fans and solidifying brand loyalty. Tickets for both bowls go on sale on Dec. 4, 2022.
Kellogg Company's Global Chief Information Officer, Lesley Salmon, shared insights into fostering a positive workplace culture. She emphasized the importance of continuous learning, purpose-driven resilience, collaboration across teams, and a clear strategy for future growth. Kellogg's recent decision to spin off its North American cereal and plant-based foods businesses aims to enhance consumer engagement. By focusing on inclusivity and employee empowerment, Kellogg aims to strengthen its competitive advantage in the food industry.
Kellogg's promotes its crackers as ideal for creating quick holiday charcuterie boards, enhancing festive gatherings. The press release, dated Nov. 7, 2022, highlights the versatility of Town House, Club, Toasteds, and Carr's crackers, emphasizing their role in making entertaining easy and enjoyable. With a focus on convenience, Kellogg's provides recipe ideas through its website, aiming to inspire consumers to stock up on these limited-edition holiday-themed crackers available at retailers nationwide. Kellogg’s net sales for 2021 reached nearly $14.2 billion, highlighting its strong market presence.
Kellogg Company (NYSE: K) reported its third quarter 2022 earnings on November 3, 2022. The financial documents detailing these results are available on the company’s investor website. During the earnings call, CEO Steve Cahillane and CFO Amit Banati will discuss the results and answer analyst questions. For 2021, Kellogg's net sales were nearly $14.2 billion, primarily from snacks and convenience foods. The company aims to create better days for 3 billion people through its ESG strategy, focusing on wellbeing, climate, and food security by 2030.
Kellogg Company (NYSE: K) has declared a regular dividend of $0.59 per share on its common stock. This dividend is set to be paid on December 15, 2022, with a record date of December 1, 2022, and an ex-dividend date of November 30, 2022. This marks the 392nd dividend payment made by Kellogg since 1925, highlighting the company’s commitment to returning value to its shareholders.
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