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 appointed a new leadership team for North America Cereal Co., effective upon completion of its planned separation by the end of 2023. Gary Pilnick, a 22-year Kellogg veteran, has been named Chief Executive Officer. The team includes experienced leaders in key positions, enhancing strategic focus and operational flexibility to unlock growth potential. The separation aims to position North America Cereal Co. as a leader in the cereal market across the U.S., Canada, and Caribbean with a projected net sales of $2.4 billion.
Kellogg's Frosted Flakes and Tony the Tiger are collaborating with Twitch to create an interactive event, the GR-R-REAT CEREAL BOWL OF GR-R-REATNESS, scheduled for August 19, 2022. This marks the first time a brand mascot transforms into an interactive VTuber, engaging with gamers in a live streaming format. The event will feature popular streamers and allow fans to participate through polls and chat. With over 31 million daily visitors, this innovative campaign aims to connect with new audiences and enhance engagement.
Kellogg's introduces a new seasonal product: Rice Krispies Shocking Orange Colored Cereal. Available starting August 2022, this vibrant cereal caters to Halloween and fall festivities. It retains the classic flavor and crispy texture of original Rice Krispies, making it easy to integrate into treat-making and breakfast. Priced at $4.49 for a 7.50-ounce box and $5.49 for a 12-ounce box, the product aims to inspire creativity in seasonal recipes. The launch responds to the popularity of Halloween-themed treats, making it a timely addition for families looking to celebrate.
Kellogg is committed to creating better days for 3 billion people by 2030, having already impacted over 1.3 billion lives since 2015. Their latest ESG report, released on Aug. 9, 2022, highlights significant achievements, including nourishing 800 million people and supporting 445,000 farmers. The company focuses on sustainable food access, aiming to feed 375 million in need and ensuring workforce diversity. Kellogg's initiatives include donations to summer meal programs, addressing food insecurity, particularly among children. The company's strong ESG results align with its commitment to social impact and business outcomes.
Kellogg Company (NYSE: K) announced its 2022 second quarter earnings results on August 4, 2022. The details are available on their investor relations website. The company also filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission. A live webcast featuring CEO Steve Cahillane and CFO Amit Banati will discuss these results, followed by a Q&A session with analysts. The webcast and supporting presentation materials can be accessed online.
Kellogg Company (NYSE: K) has declared a quarterly dividend of $0.59 per share, marking a 2% increase from previous dividends. The payment is set for September 15, 2022, with a record date of September 1, 2022. The ex-dividend date is August 31, 2022. This will be the 391st dividend paid by Kellogg since 1925. In 2021, the company reported nearly $14.2 billion in net sales, primarily from snacks and convenience foods.
Kellogg Company (NYSE: K) will announce its 2022 second quarter financial results on August 4, 2022, at 8:00 am EDT. The press release, financial tables, and presentation materials will be accessible on their investor website. A live webcast will follow at 9:30 am EDT, featuring CEO Steve Cahillane and CFO Amit Banati. A Q&A session will be conducted with analysts, and a transcript will be available within 24 hours. The webcast will also be rebroadcasted for 90 days post-event.
Kellogg's announces the launch of its new Apple Jacks® Slime cereal in collaboration with Nickelodeon, available for a limited time starting July 2022. Priced at $4.49 for an 8.2-ounce box, this cereal features sweetened orange and green loops with a green apple flavor that turns milk bright green. Directors from Kellogg and Paramount express excitement over this nostalgic product aimed at both kids and adults. The launch embodies a playful blend of Kellogg's offerings and Nickelodeon's iconic Slime brand, enhancing breakfast experiences for families.
Kellogg Company has announced ten $5,000 grants to support school breakfast programs in various districts. This initiative aligns with Kellogg's commitment to enhance education and social outcomes for students. Research highlights the benefits of such programs, including improved school attendance, social skills, and mental health. Notable grantees include North Star Academy, Globe Unified School District, and Jefferson County Public Schools. Kellogg aims to address food security through its Kellogg’s® Better Days initiative, pledging to feed 375 million people by 2030.
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