Kellanova Stock Price, News & Analysis

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.

Kellogg Company, led by Chief Sustainability Officer Janelle Meyers, is committed to environmental sustainability through its Better Days® initiative. By 2030, Kellogg aims to reduce greenhouse gas emissions by 45% for Scope 1 and 2, and by 15% for Scope 3, with a goal of achieving 100% renewable electricity in facilities by 2050. Recent efforts include helping over 245 farmers save 8 billion gallons of water and reduce carbon emissions equivalent to removing 600 vehicles from the road. A Texas wind farm now supplies half of Kellogg's North American electricity needs.

Cheez-It® Puff'd™ launches with a unique, airy snack featuring 100% real cheese, transforming from crunchy to melt-in-your-mouth. In collaboration with magician Justin Willman, Cheez-It Puff'd promotes family engagement through two simple magic tricks. This initiative aligns with National Cheese Day celebrations on June 4. Varieties include Double Cheese, White Cheddar, and Scorchin' Hot Cheddar. Fans can participate by sharing their magic performances online, enhancing interaction with the brand.

Kellogg's Frosted Flakes has launched three new flavors: Strawberry Milkshake, Cinnamon French Toast, and Chocolate, set to hit stores nationwide in May 2022. These flavors not only enhance the taste of the milk left in the bowl but also create a vibrant color change. Each flavor offers nostalgic taste experiences with prices starting at $4.49 for a 13.5-ounce box. The introduction aims to provide families with fun and flavorful breakfast options, further solidifying Kellogg's presence in the cereal market.

Kellogg Company’s Senior VP, Dr. Nigel Hughes, outlined three key strategies in a recent blog post aimed at addressing significant challenges in the global food system. The strategies include: 1. Building on the original food system by utilizing local ingredients and sustainable practices, 2. Developing collective solutions through partnerships aimed at supporting farmers and reducing emissions, and 3. Accelerating a circular food system to minimize waste and enhance productivity. Kellogg's net sales reached nearly $14.2 billion in 2021, aligning with their Better Days ESG strategy.

Cheez-It® has launched a limited-edition snack in collaboration with Pandora®, called Cheez-It x Pandora Aged by Audio. This unique product is inspired by a Swiss study suggesting that aging cheese to hip-hop music enhances its flavor. The crackers will be available for purchase starting May 26, 2022, at CheezItHQ.com. The promotion includes a mixtape curated by Pandora and a free 90-day trial of Pandora Premium with each purchase. The initiative celebrates both music and innovative food experiences, promising a unique treat for fans.