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 declared a quarterly dividend of $0.58 per share, payable on June 15, 2022, to shareholders of record by June 1, 2022. The ex-dividend date is set for May 31, 2022. This marks the 390th dividend paid by the company since 1925. Additionally, Kellogg plans to increase the dividend to $0.59 per share starting in the third quarter of 2022. In 2021, the company reported net sales of nearly $14.2 billion.
Kellogg's Frosted Flakes, through its Mission Tiger initiative, has reached a milestone by helping 1 million kids gain better access to sports. In a recent event at Greenfield Elementary in Pittsburgh, pro running back Najee Harris and Tony the Tiger delivered a donation benefiting middle school sports programs. This effort includes new equipment and uniforms for students, aiming to enhance physical activity and personal development. The initiative aims to have a lasting impact on over 38,000 kids within the Pittsburgh Public Schools district, promoting teamwork and fitness.
Kellogg Company, represented by Food Designer Matt Reid, highlights the benefits of skills-based volunteering in a recent initiative supporting St. Luke's Diaper Bank in Kalamazoo, Michigan. This project provided over 388,000 diapers to families in need while enhancing employee skills and leadership. Kellogg's initiative aligns with its ESG strategy, aiming to create 'Better Days' for 3 billion people by 2030. The volunteering experience not only aided the nonprofit but also helped employees grow professionally, showcasing Kellogg's commitment to community service.
Kellogg Company has announced the return of Frosted Grape Pop-Tarts this spring, appealing to nostalgic fans of the 90s. The iconic flavor features grape jelly filling and white icing, hitting stores in May for an SRP of $3.19. To celebrate, Pop-Tarts is hosting a social media challenge, inviting fans to showcase their 90s-inspired hairstyles for a chance to win a year's supply of the product. The first 50 participants using the hashtag #Y2GrapeEntry will receive a 'Y2Grape Time Capsule' filled with nostalgic items. The promotion runs from April 18-22, 2022.
Kellogg Company (NYSE: K) will release its 2022 first quarter financial results on May 5, 2022, at 8:00 am EDT. This announcement includes a live webcast where executives Steve Cahillane and Amit Banati will discuss the results followed by a Q&A session. The webcast can be accessed through the company’s investor relations website. All financial documents will also be made available at 8:00 am EDT on the same day. A rebroadcast of the webcast will be available for 90 days after the event.
Eggo has launched its new Grab & Go Liege-Style Waffles, the first waffles that don’t need a toaster, aimed at busy parents. Available in Buttery Maple and Strawberry flavors, these bistro-quality, mess-free waffles are individually wrapped and can be enjoyed at room temperature or warmed. The waffles contain real butter, no artificial ingredients, and are designed for convenience, making them an ideal breakfast option during hectic mornings. Retail prices are set at $5.99 for a 4-pack and $12.99 for a 12-pack, available nationwide starting April 2022.
Kellogg Company (NYSE: K) announces a live audio webcast for its 2022 Annual Meeting of Shareowners scheduled for April 29, 2022, at 1:00 pm ET. The event will feature a presentation by Chairman and CEO Steve Cahillane, followed by a Q&A session for virtual attendees. Presentation slides will be available for download at approximately 12:30 pm ET. An audio replay will be accessible starting at 5:00 pm ET on the same day and for 90 days thereafter. Kellogg aims to create a fulfilled and just world through trusted food brands.
Kellogg Company announced the launch of Snickerdoodle Pop-Tarts, set to hit shelves in May 2022. This new flavor adds to the brand's cookie-themed lineup, which includes Frosted Chocolate Chip and Cookies & Crème varieties. Retailing at an SRP of $3.19 for an 8-count box, Snickerdoodle Pop-Tarts offer a unique blend of snickerdoodle-flavored filling and a crunchy cinnamon sugar topping. The product capitalizes on the growing trend for dessert-like breakfast options, enhancing the Pop-Tarts brand's appeal to cookie lovers.
FAQ
What is the current stock price of Kellanova (K)?
What is the market cap of Kellanova (K)?
What is Kellanova?
What are some of the popular brands under Kellanova?
What recent initiatives has Kellanova undertaken?
What is Kellanova's goal for 2030?
How does Kellanova leverage AI in its operations?
What is the annual sales figure for Kellanova?
Where are Kellanova's products manufactured and marketed?
Who are the key executives at Kellanova?
Where can I find more information about Kellanova?
What is the purpose of Kellanova?
