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) announced a dividend of $0.58 per share on February 18, 2022, payable on March 15, 2022. Shareowners of record as of March 1, 2022 will receive this dividend. The ex-dividend date is February 28, 2022. This marks the 389th dividend paid since 1925. In 2021, Kellogg's net sales reached nearly $14.2 billion, driven by its snack and convenience food segments.
Kellogg Company (NYSE: K) will present at the 2021 Consumer Analyst Group of New York Conference on February 23, 2022, at 8:00 am EST. The presentation will feature Steve Cahillane, CEO, and Amit Banati, CFO. Participants can access presentation slides from 7:00 am EST on the same day. A video recording will be available at the start of the presentation and will remain accessible for one year. An audio replay of the Q&A session will be available by February 28, and a transcript will be released at approximately 5:00 pm EST on February 23.
Kellogg Company has launched a new initiative called InGrained™, a $2 million, five-year program aimed at reducing greenhouse gas emissions from rice production. This program will partner with rice farmers in the Lower Mississippi River Basin to promote climate-positive practices, targeting a reduction of up to 51,000 tons of GHGs over five years, equivalent to taking over 10,000 vehicles off the road. The program aligns with Kellogg's Better Days™ ESG commitments, which aim to support 1 million farmers and reduce Scope 3 emissions by 15% by the end of 2030.
Kellogg Company has announced a donation of $70,000 to Operation Homefront, which aims to support military families. This contribution will provide 700 meals to those in need. Kellogg also plans to host three events throughout the year at Operation Homefront's housing villages in San Diego, Gaithersburg, and San Antonio, offering meals and support to transitioning military families. The initiative is part of Kellogg's Better Days ESG strategy, which seeks to create better lives for 3 billion people by 2030.
Kellogg Company (NYSE: K) released its 2021 Fourth Quarter earnings results on February 10, 2022. The company’s net sales reached nearly $14.2 billion, primarily from snacks and convenience foods. Kellogg plans to address wellbeing, climate, and food security through its Kellogg's® Better Days ESG strategy, aiming to impact 3 billion people by 2030. For detailed financial documents, visit their investor page.
Pringles is launching a new advertisement for the Big Game, framing the humorous 'Pringles problem' of getting your hand stuck in the iconic can. 43% of snackers report this experience as a 'worth it' risk. The campaign, led by Gareth Maguire, showcases a devoted fan's journey and had a robust year with a 12% growth and $1 billion in U.S. sales. The ad will air during the game and be supported by a comprehensive digital and social media strategy, including celebrity endorsements. Fans are encouraged to share their own experiences using #PringlesCanHands.
Kellogg Company has launched the Better Days to Grow Together program to combat child malnutrition in Guatemala. This initiative, which began on Jan. 26, 2022, aims to support families by providing daily breakfasts, nutrition education, and gardening skills. With 1-in-2 children in Guatemala facing malnutrition, the program has already impacted 6,500 beneficiaries across 25 communities. Successful outcomes include a 10% reduction in the severity of chronic malnutrition among participants. Kellogg donated over 123,000 servings of food, highlighting their commitment to food security.
MorningStar Farms has announced a collaboration with Pinky Cole of Slutty Vegan for a special Valentine's Day menu featuring two plant-based recipes: The Irresistible Chick and The Sausage Sweetie. These dishes utilize MorningStar Farms® products, including Incogmeato® Chik'n Tenders and Veggie Original Sausage Patties. The recipes aim to simplify plant-based cooking for couples. The partnership highlights MorningStar Farms' commitment to making plant-based eating accessible.
Cheez-It® introduces Puff'd®, a new snack made with 100% real cheese, offering a unique puffy and airy texture. This product features three varieties: Double Cheese, White Cheddar, and Scorchin' Hot Cheddar, each promising a melt-in-your-mouth experience. The launch aims to enhance family snacktime fun, according to marketing director Erin Storm. Cheez-It Puff'd will be available in stores nationwide starting February 2022. Kellogg Company, parent of Cheez-It, reported net sales of approximately $13.8 billion in 2020.
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