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's® Special K® has launched a new product: Special K® Brown Sugar Cinnamon. This cereal offers 100% daily value of 10 essential vitamins and minerals, including Zinc and Vitamin B12. The launch aims to combine taste and nutrition, making it easier for consumers to enjoy a healthy breakfast. Priced at $4.19 for a 12.5-ounce box and $5.29 for an 18.3-ounce box, the new cereal features whole grain flakes with cinnamon. Available at retailers nationwide starting January 2022.
Kellogg Company (NYSE: K) will release its 2021 fourth quarter financial results on February 10, 2022, at 8:00 am EDT. The financial release will be available on the company's website alongside additional documents such as GAAP reconciliations and presentation slides. Following the announcement, CEO Steve Cahillane and CFO Amit Banati will discuss the results during a live webcast at 9:30 am EDT, which will include a Q&A session for analysts. A rebroadcast will be accessible later on the company’s investor site.
Kellogg's Nutri-Grain has launched three new flavor mashups aimed at kids: Strawberry & Squash and Apple & Carrot soft-baked breakfast bars, along with Chocolatey Banana Nutri-Grain Bites. Each product contains 8 grams of whole grains per serving, designed to appeal to both parents and children. The new items will be available nationwide this month, with suggested retail prices of $3.99 for an 8-count box of breakfast bars and $3.69 for a 5-count box and $5.79 for a 10-count box of the bites. This innovation aligns with Kellogg's commitment to providing healthy snack options.
In a return for its fifth consecutive year, Pringles is set to advertise during the upcoming Big Game. The brand aims to deliver humor and innovative snack solutions, promising a fun twist that addresses a common snacking dilemma. Gareth Maguire, senior director of marketing for Pringles, expressed enthusiasm for the new concept, hinting at exciting surprises for viewers. The campaign will include a 30-second commercial produced by Grey Group, supplemented by an integrated approach comprising PR, digital, and social media strategies.
Kellogg Company announced that a new five-year contract has been ratified for approximately 1,400 union-represented employees at its four U.S. cereal plants located in Battle Creek, MI, Omaha, NE, Lancaster, PA, and Memphis, TN. The agreement, forged with the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, includes immediate wage increases and enhanced benefits. Employees are set to return to work the week of December 27, 2021, marking a significant step forward for the company.
Kellogg Company announced a tentative five-year labor contract with the Bakery, Confectionary, Tobacco Workers and Grain Millers International Union, affecting 1,400 employees across U.S. cereal plants. Key highlights include increased wages, improved healthcare benefits with no costs, enhanced retirement benefits, and no concessions required from employees. The union will vote on the agreement soon, following a strike initiated on Oct. 5 due to failed negotiations. Kellogg aims to finalize the contract to stabilize operations at its facilities in Battle Creek, Lancaster, Memphis, and Omaha.
Kellogg Company has announced the launch of two new Pop-Tarts® flavors inspired by classic donuts: Frosted Boston Creme and Frosted Apple Fritter. Set to hit shelves by the end of December 2021, these 8-count boxes will retail for an SRP of $2.99. Each Pop-Tart features a flaky crust and donut-inspired fillings, aiming to satisfy breakfast cravings. This launch complements the recently released seasonal offerings, including Sugar Cookie and Eggo® Frosted Maple Syrup flavors, indicating Kellogg’s commitment to innovative snack solutions.
Kellogg Company announced that approximately 1,400 hourly employees at four U.S. cereal plants have rejected a tentative five-year contract. The agreement aimed to provide transitional employees with a path to legacy wages and benefits, alongside wage increases and improved benefits for all workers. Following 19 negotiation sessions without reaching a deal, Kellogg plans to hire replacement employees to maintain operations. President Chris Hood emphasized the necessity of ensuring business continuity for customer satisfaction amidst the ongoing work stoppage.
Kellogg Company has introduced Prince Cheddward as the official mascot for the 2021 Cheez-It® Bowl on December 29. Celebrating its 100th anniversary, Cheez-It aims to enhance the bowl experience with this new character, who embodies the fun and spirit of the game. The mascot will engage fans, whether at the Camping World Stadium or at home. This announcement continues a trend of increasing brand visibility within sports events and aims to leverage the excitement surrounding college football to drive further consumer engagement.
Kellogg Company has announced the launch of Pringles® Scorchin' Wavy Loaded Nachos to address the common issue of soggy nachos. This new flavor combines creamy queso, sour cream, and corn tortilla with hints of jalapeño and cayenne pepper, providing a crunchy texture. Available nationwide starting November 2021, with a full rollout in 2022, this product retails for $2.09 per 4.8-ounce can. The Scorchin' line previously included spicy variants of BBQ, Cheddar, and Chili & Lime flavors.
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