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.
Kellogg Company (NYSE: K) has announced key appointments to its future leadership team for North America Cereal Co., including key roles for Norma Barnes-Euresti (Chief Legal Officer), Mike Christensen (Chief Human Resources Officer), and others. These leaders will assume their roles upon the completion of the planned separation of Kellogg into three independent companies, expected by the end of 2023. The separation aims to enhance operational agility and unlock the potential of each business: Global Snacking Co., North America Cereal Co., and Plant Co.
Kellogg's has launched its first-ever cooling cereal, The Elf on the Shelf North Pole Snow Creme Cereal, starting in early October 2022. This limited-edition cereal features frosted star pieces and mini marshmallows that create a chilling effect reminiscent of vanilla ice cream. Priced at $5.29 for a 12.2-ounce box, it's available exclusively at Walmart, alongside other Elf on the Shelf products. The company aims to bring holiday joy through this unique offering, which complements existing flavors like Hot Cocoa and Sugar Cookie cereals.
Kellogg's Frosted Flakes and Kroger have partnered to donate $25,000 to support middle school sports programs at Withrow University High School in Cincinnati. This initiative aims to combat the decline of youth sports due to budget issues. The donation will facilitate the purchase of sports equipment, enhancing students' physical activities and overall well-being. Since its launch in 2019, the Mission Tiger program has aided over 1 million kids nationwide, showcasing Kellogg's commitment to community engagement.
Pop-Tarts and Depop have collaborated to launch the Pop-Tarts x Depop Collection, featuring five unique fashion collections inspired by Pop-Tarts flavors. Each collection is curated by renowned Depop creators and includes thrifted vintage apparel items at an affordable price of $3.59. In addition, the collaboration introduces a limited-edition Pop-Tarts x Depop Box containing assorted Pop-Tarts flavors. The collections will be available starting September 23 through September 29, 2022, and include a $10,000 grant to support Depop's
Kellogg and Little Debbie have launched Kellogg's Little Debbie Nutty Buddy Cereal, expanding their nostalgic cereal lineup. This new product features a blend of chocolate and peanut butter flavors, coated in fudge, promising a delightful breakfast experience.
Scheduled for release at Walmart in October and nationwide in December, the cereal will retail for $4.99 for an 8.2-ounce box and $5.99 for a 13.1-ounce box. This collaboration builds on the success of previous cereals inspired by Little Debbie treats.
Kellogg Company has pledged $100,000 to support childhood hunger initiatives through a partnership with Albertsons Companies. This contribution, part of Kellogg's Better Days Promise, includes $50,000 to No Kid Hungry, aiming to provide 500,000 meals. The remaining funds will support Albertsons' Nourishing Neighbors and E.A.T. programs. The initiative addresses the urgent issue of childhood hunger in the U.S., where 9 million children face food insecurity. The partnership emphasizes the commitment to community support and food security.
Kellogg Company celebrates 30 years of reality TV with exclusive Cheez-It Reality TV Collector's Cheddition boxes featuring stars Snooki and RuPaul. The limited-edition boxes, available for pre-sale on CheezItHQ.com from Sept. 15, 2022, highlight the brand's connection to reality television. The official release begins on Sept. 19, 2022, with a limited supply available daily. Senior Marketing Director Erin Storm emphasized the importance of authenticity, aligning Cheez-It with real talent in the genre.
Kellogg Company celebrates Better Breakfast Month with the launch of innovative cereal mashups to promote nutritious breakfasts. Highlighted combinations include OG Wheats, Twistie Krispies, and Frosted Cinnabran. The initiative aims to encourage cereal consumption, which is often overlooked due to trends favoring low-carb diets. Cereal provides essential nutrients, with a particular emphasis on iron, a crucial part of children's diets. By blending flavors and textures, Kellogg seeks to inspire healthier breakfast choices while making nutrition enjoyable.
Kellogg's has launched innovative Instabowls, allowing consumers to enjoy iconic cereals like Frosted Flakes and Froot Loops with real milk by simply adding cold water. This product targets the growing demand for portable food solutions, providing a convenient option for busy lifestyles. Each single-serve bowl retails at $1.98 and is available at Walmart, with plans for wider distribution. Marketing Director Chris Stolsky emphasizes the ease of use and mess-free experience. K aims to address consumer needs, promoting a new way to enjoy breakfast on the go.
Kellogg Company (NYSE: K) will host a fireside chat at the Barclays 2022 Global Consumer Staples Conference on September 7, 2022, at 8:15 am EDT. The session will be led by Steve Cahillane, Chairman and CEO. A live audio webcast will be accessible at investor.kelloggs.com. A replay will be available starting September 8, 2022, at 5:00 pm EDT, for six months. Kellogg's aims to enhance wellbeing and sustainability through its Better Days ESG strategy, targeting improvements for 3 billion people by 2030.
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