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'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.
Kellogg Company announces the launch of its new campaign, "On Mom's tables Aquí y Allá", aimed at celebrating the emotional connection bicultural Latina moms have with its cereal brands. The initiative is part of Kellogg's commitment to diversity, equity, and inclusion in marketing. Filmed entirely in Mexico City, the campaign features a crew and talent that authentically represent the target audience. Kellogg emphasizes that authentic marketing is essential for connection and dispelling stereotypes, ensuring that their advertisements resonate with consumers.
Pringles has unveiled an unusual spider that closely resembles its iconic logo, dubbed the 'Pringles Spider.' The company is seeking public support through a petition to officially recognize the Kidney Garden Spider as the Pringles Spider. Starting June 28, fans can adopt a virtual spider on PringlesSpider.com. The campaign celebrates the brand's heritage and aims to engage fans uniquely. Additionally, Pringles plans to give away free products to participants of the petition effort, promoting brand loyalty and awareness. This initiative highlights Pringles' ongoing commitment to innovative marketing strategies.
Kellogg's Special K has launched new Protein Snack Bars available in Berry Vanilla and Brownie Sundae flavors. Each bar contains 6 grams of protein and only 90 calories, making them an ideal on-the-go snack. Priced at $4.29 for a five-count package, these bars aim to provide a satisfying and nutritious option for busy individuals. They are now available in grocery stores nationwide. This product aligns with Kellogg's mission to offer delicious snacks that contribute to customer wellbeing.
Kellogg's Rice Krispies Treats collaborates with Ciara to launch a new song titled "Treat," celebrating small family moments. The initiative, backed by a national survey indicating that 75% of parents value everyday family interactions, invites fans to share their own memories on TikTok for a chance to appear in the music video and win a year’s supply of treats. The “Treat” music video will be released this fall, emphasizing the importance of connection through music and shared experiences.
Kellogg Company (NYSE: K) announced a plan to separate into three independent companies by spinning off its North American cereal and plant-based food segments. The spin-offs are expected to enhance strategic focus and operational agility for each entity. The new companies include: Global Snacking Co. with estimated net sales of $11.4 billion, North America Cereal Co. with $2.4 billion, and Plant Co. with $340 million. The process aims for tax-free distributions to shareholders by the end of 2023, pending regulatory approvals.
Kellogg Company, led by Chief Global Brand and Advanced Analytics Officer Charisse Hughes, has launched its Antenna platform aimed at enhancing food innovation through consumer interaction. The company emphasizes three key strategies for brand growth: prioritizing valuable data integration, aligning AI with EDI and ESG goals, and fostering cross-collaboration to overcome information silos. Kellogg's 2021 net sales reached nearly $14.2 billion. The focus on advanced analytics and consumer engagement is pivotal for Kellogg's mission of creating fulfilling experiences with its diverse food brands.
The new Cheez-It Puff'd™ is being launched with a promotional "Cheez-It Puff'd-A-Palooza" mobile tour, starting June 19. This eight-stop tour will visit select NASCAR races and MLS matches, offering attendees opportunities to sample the snack, win prizes, and engage in fun activities. Highlights include an inflatable obstacle course and air guitar show. Created by Kellogg Company (NYSE: K), Cheez-It Puff'd features 100% real cheese and aims to enhance family snacking experiences.
Kellogg Company has launched a new limited-time snack, Pringles Wavy Chipotle Ranch, focusing on the rising consumer preference for spicy and sweet flavor combinations. Available exclusively at Walgreens, this product boasts a blend of smoky chipotle and zesty ranch flavors, offering a bold crunch. The launch aligns with Kellogg's commitment to innovation, as stated by U.S. marketing lead, Mauricio Jenkins. Pringles Wavy Chipotle Ranch hit stores in late May, tapping into summer snacking occasions.
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