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 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.
Kellogg Company, based in Battle Creek, Michigan, emphasizes the importance of simple and delicious holiday meals as the festive season approaches. Highlighting its range of products, including Club®, Town House®, Toasteds®, and Carr's® Crackers, the company aims to make holiday gatherings stress-free and enjoyable. With specially marked packages available at retailers, consumers can easily create festive charcuterie boards. Kellogg's Crackers provide a quick solution for hosting, whether for a last-minute gathering or a family movie night. Further tips and recipes are accessible on Kellogg's Family Rewards.
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.
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