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 announces the launch of a limited-edition Pop-Tarts® x Butter Kit, created in collaboration with Atlanta-based Banner Butter. The kit, available on bannerbutter.com starting Nov. 16 for $25, includes three iconic Pop-Tarts flavors paired with six exclusive butter blends. Over 6,900 tweets express enthusiasm for buttering Pop-Tarts, showcasing a growing trend. This collaboration aims to elevate the snacking experience, encouraging fans to explore unique flavor pairings.
Kellogg Company (NYSE: K) released its third quarter earnings results for 2021 on November 4, 2021. Details are available on Kellogg's investor relations website. A public presentation will be held, featuring executives Steve Cahillane and Amit Banati, discussing the earnings results and answering questions from analysts. Investors can access the webcast live or in a rebroadcast format, with presentation slides and transcripts available. In 2020, Kellogg generated approximately $13.8 billion in net sales from its diverse food brands.
Kellogg Company (NYSE: K) has declared a dividend of $0.58 per share, payable on December 15, 2021. Shareholders must be on record by the close of business on December 1, 2021, with the ex-dividend date set for November 30, 2021. This marks Kellogg's 388th dividend payment since 1925. The company reported net sales of approximately $13.8 billion in 2020, primarily from snacks and convenience foods.
Kellogg Company has addressed the ongoing labor contract negotiations with the Bakery, Confectionery, Tobacco Workers and Grain Millers International Union concerning four U.S. Ready to Eat Cereal plants. The company expressed concern over the union's decision to strike without a member vote on their latest offer dated October 1. Kellogg emphasized that their proposals maintain industry-leading pay and benefits and include significant wage increases. The company seeks to return to negotiations promptly, ensuring employees can resume work without job relocation threats.
Kellogg Company (NYSE: K) will release its third quarter financial results on November 4, 2021, at 8:00 am EDT. A public webcast will follow at 9:30 am EDT, featuring CEO Steve Cahillane and CFO Amit Banati discussing the results, with a Q&A session for analysts. The webcast and supporting documents will be accessible on Kellogg's investor website, with a podcast available for download the next day. The company aims to create Better Days for 3 billion people by 2030, focusing on ending hunger and fulfilling its vision of a just world.
Kellogg Company announces the return of the Cheez-It x Usual Wines 'So Extra' Toasty Experience, celebrating its 100th anniversary. This year’s bundle features a unique Cheez-Itennial Cracker Coupe glass and an Extra Toasty Flavor Flight with three new flavors: Extra Cheesy, Extra Spicy, and Cheddar Jack. Starting September 24 at 12PM ET, this limited-edition pairing includes a 20% discount on Usual Wines’ Brut. Previous editions sold out rapidly, hinting at strong demand.
Kellogg's has launched a new holiday cereal, The Elf on the Shelf® Hot Cocoa Cereal, available nationwide this season. Featuring cocoa-coated star pieces and mini marshmallows, it aims to bring the festive spirit to breakfast. This product complements the returning The Elf on the Shelf® Sugar Cookie Cereal, which is available in stores and online. Both cereals are priced between $3.99 and $5.69 for different box sizes. The initiative is part of Kellogg's efforts to enhance family holiday traditions.
Kellogg Company has partnered with Albertsons Companies to address childhood hunger, donating $120,000 to support local initiatives. This contribution includes $75,000 for Nourishing Neighbors, an Albertsons charitable program, and $45,000 for No Kid Hungry. This collaboration marks their second consecutive year working together. Kellogg emphasizes the urgency of feeding the 14 million children facing food insecurity in America. Shoppers at Albertsons can also contribute during checkout to help support these efforts.
On September 15, 2021, Kellogg's Frosted Flakes and Mission Tiger partnered with Giant Food to donate $20,000 to support middle school sports in Washington, D.C. and Maryland. This donation will help fund sports equipment, facility upgrades, and uniforms for local schools via DonorsChoose. Mission Tiger will match donations made to sports projects with an additional $4 for every $1 contributed, while funds last. Since its launch, Mission Tiger has aided over 660,000 kids by improving sports facilities and providing essential equipment.
On September 15, 2021, Tony the Tiger and Kellogg's Frosted Flakes announced a $20,000 donation to support middle school sports in New Jersey, Rhode Island, and Connecticut through Stop & Shop via DonorsChoose. This initiative aims to enhance sports access for children, matching every dollar donated with an additional $4 from Mission Tiger and Stop & Shop, up to $20,000. Since 2019, Mission Tiger has positively impacted over 660,000 kids nationwide by providing sports facilities and equipment. Kellogg's continues its community commitment through this partnership, emphasizing children's active participation in sports.
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