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 been recognized as one of the World's Most Ethical Companies for 2022 by Ethisphere, marking the 14th time since 2007. Out of 136 honorees across 22 countries, Kellogg is among seven in the Food, Beverage and Agriculture category. The assessment includes over 200 questions on governance, ethics, and social practices. Kellogg aims to create better days for 3 billion people by 2030 as part of its ESG strategy.
Kellogg Company announces the launch of Club Crisps Sweet & Salty, a new flavor in its Club Crackers lineup, coinciding with the brand's 90th anniversary. This first-ever sweet and savory flavor combines caramelized sugar and savory salt in a thin, crispy snack. The product is available for a limited time starting in March at retailers nationwide. Director of Brand Marketing, Zach Wyer, highlights the innovation as a response to the growing sweet and savory snack trend. The existing lineup includes Sea Salt and Ranch flavors, providing diverse snacking options.
Eggo, a staple in family breakfasts, is responding to the challenges parents face after Daylight Saving Time by giving away one million waffles on March 14, 2022. This initiative, part of their ongoing L'Eggo with Eggo campaign, aims to alleviate post-time change chaos, especially as a significant 54% of parents struggle with breakfast preparation. The giveaway marks a tenfold increase from the previous year and underscores Eggo's commitment to supporting parents. The offer begins at 12:00 AM (ET) on March 14 and runs until supplies last.
Kellogg Company has launched its Breakfast for All campaign, aimed at combating childhood hunger in the U.S. The initiative, which runs through June 10, encourages purchases of select Kellogg products like cereals and Pop Tarts, with participants receiving a $5 coupon or the option to donate $5 to No Kid Hungry. Kellogg commits a minimum of $250K to the campaign, potentially providing up to 2.5 million meals for children in need. This effort aligns with Kellogg's broader ESG strategy aimed at improving food security and supporting families in need.
Kellogg Company has announced a three-year partnership with Spelman College to enhance its food studies program. This collaboration aims to revive an agroecological Victory Garden for students to cultivate culturally-inclusive produce. The partnership will also introduce a food scholars program and fund visiting faculty to teach food-related anthropology. With 2021 net sales of nearly $14.2 billion, Kellogg emphasizes its commitment to community and education through partnerships that align with its values.
Frankford Candy and Kellogg's have partnered to launch three new Easter-themed treats: Rice Krispies® Milk Chocolate Rabbit, Apple Jacks™ White Candy Rabbit, and Rice Krispies® Milk Chocolate Eggs. These products are available nationwide at various retailers, with prices ranging from $2.50 to $4.99. Frankford Candy has been a leader in licensed confections for 75 years, promoting these popular cereal brands in the candy aisle. The new offerings aim to delight fans of Kellogg's cereals and expand Frankford's seasonal product lineup.
The 6th annual Celebrity Crunch Classic is set to take place on April 3 in New Orleans, featuring pro basketball legend Shaquille O'Neal and pro football star Drew Brees as coaches. Fans can enter the Celebrity Crunch Classic Sweepstakes until March 5 for a chance to play with these sports icons. The event emphasizes the connection between snacks like Cheez-It and Pringles and the excitement of college basketball. Entry is free for local fans, but seats are limited.
Kellogg Company, celebrating its 116th anniversary, shares insights from CEO Steve Cahillane on leadership lessons that have helped maintain its longevity. Key points include the importance of agility in adapting to market changes, diversifying beyond cereals (with snacks and frozen foods making up 70% of the portfolio), and leading with purpose through sustainability initiatives. The company aims to create Better Days for 3 billion people by 2030 while prioritizing employee wellbeing and a strong corporate culture.
Kellogg Company announced leadership changes in its Supply Chain division. Alistair Hirst, Senior Vice President, is set to retire after nearly 40 years with the company. Rodrigo Lance, currently Vice President of Kellogg North America Supply Chain, will succeed him. Hirst has been credited with transforming the global Supply Chain organization since 2012, enhancing employee engagement and digital transformation efforts, especially during the pandemic. Lance brings 25 years of experience at Kellogg and has proven leadership capabilities in navigating challenging supply environments.
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?
