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 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.
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.
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