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.
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.
Pop-Tarts® is launching the Pop-Tarts Crunchy Poppers Pullover, a -edition jacket that audibly crunches, in celebration of their new snack, Pop-Tarts Crunchy Poppers. Created in collaboration with TikTok designer @Wandythemaker, these jackets feature reinforced fabrics, gemstone 'crunchlettes', and functional pockets for storing snacks.
Available in two colorways inspired by Frosted Strawberry Crunch and Frosted Brownie Crunch flavors, the jackets will be sold on shop.poptarts.com for $120 each starting October 4 and October 18, 2024. This launch aligns with Pop-Tarts' expansion into football culture, including the upcoming Pop-Tarts Bowl on December 28th.
The initiative is part of Kellanova's (NYSE: K) strategy as a global snacking leader, with a vision to become the world's best-performing snacks-led powerhouse. Kellanova aims to create Better Days for 4 billion people by 2030 through sustainable and equitable food access initiatives.
Club® Crackers is celebrating National Book Month by launching the Book CLUB® House, a unique literary getaway experience inspired by Lucy Score's Riley Thorn romantic mystery series. Located in Harrisburg, Pa., the house offers book clubs a chance to immerse themselves in the world of their favorite novels. Guests can enjoy series-inspired activities, charcuterie spreads with Club Crackers, and a Lucy Score-written itinerary. The experience is bookable exclusively on HomeToGo for three weekends in October, with entries open from September 30.
The initiative aims to bring #BookTok trends to life, capitalizing on the 220 billion views of book-related content on TikTok. Lucy Score, a #1 New York Times bestselling author, has collaborated to create an authentic experience for fans. The Book CLUB® House offers a $0 per night stay for up to eight guests, with three winners selected based on their book club stories.
In celebration of National Vegetarian Month this October, Kellanova Away From Home has partnered with Chef Mitchell Aboujamra of Evette's Chicago to introduce MorningStar Farms® plant-based products to the restaurant. Chef Aboujamra has created a special menu item called 'Angry Chik'n' featuring MorningStar Farms® Chik'n Tenders, available throughout October.
The dish combines juicy Chik'n Tenders with smoky harissa mayo, sumac fries, Aleppo chili flakes, and fresh parsley. MorningStar Farms® products will also be available as protein add-ons for other menu items. This partnership aims to meet the growing demand for plant-based dining experiences without compromising on flavor.
Research indicates that restaurants offering plant-based proteins tend to receive higher ratings and more frequent visits, highlighting the consistent demand for plant-forward options.
RXBAR, in collaboration with Matt James, has launched an innovative augmented reality (AR) experience called the No B.S. Motivator. This new feature transforms RXBAR packaging into interactive motivational tools, accessible until October 18, 2024. By scanning select RXBAR flavors with a smartphone, users can access 3D hologram messages from Matt James, offering training tips and motivational content.
The AR experience aims to inspire consumers to embrace a 'No B.S.' mentality and overcome wellness challenges. Available flavors include Chocolate Sea Salt, Blueberry, Strawberry, Peanut Butter, Chocolate Coconut, Pumpkin Spice, and all RXBAR Nut Butter and Oat varieties. This initiative combines RXBAR's commitment to simple ingredients with cutting-edge technology to provide added value to customers.
Kellanova has launched its Cheez-It Snap'd brand in the UK and Ireland, available in nearly 7,000 grocery stores. The launch features a reformulated recipe tailored to European tastes, with three flavors: Double Cheese, Cheese & Chilli, and Cheese, Sour Cream & Onion. The expansion is supported by a $20 million marketing campaign.
Cheez-It, a billion-dollar brand globally, has been successful due to continuous innovation and strategic global expansion. The European version adheres to local nutritional guidelines with reduced sodium and saturated fat. Kellanova aims to replicate the brand's U.S. success in Europe, targeting the region's love for cheese and growing demand for spicy flavors.
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