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.
Rice Krispies Treats, a brand of Kellogg Company (NYSE: K), is offering a unique summer experience with its 'Re-Treat Suite' at the Red Jacket Beach Resort in Cape Cod, Massachusetts. This immersive suite, inspired by the iconic snack and summer sleepovers, features a Rice Krispies Treats-themed bed, bunk beds with a slide, a marshmallow pillow fort, and an in-room 'Treat Yourself' bar. The suite accommodates up to six guests and is available for five two-night stays in August at no cost to families and fans.
Bookings open on a rolling basis starting August 12, 2024, at 12 PM EST on RiceKrispiesTreatsReTreat.com. This marketing initiative aims to extend the summer fun and create lasting memories for families before the back-to-school season begins.
Pop-Tarts, a brand under Kellanova (NYSE: K), has introduced its largest toaster pastry ever: the Pop-Tarts Party Pastry. This supersized treat is 73 times larger than traditional Pop-Tarts and can serve up to 73 people. Inspired by the brand's iconic strawberry flavor, it features a golden crust, strawberry-flavored filling, frosting, and sprinkles. The Party Pastry is available for a time in New York, Los Angeles, and Chicago starting August 7, 2024, at 1 pm ET.
Priced at $60 (including delivery) to celebrate Pop-Tarts' 60th birthday, the Party Pastry can be personalized with frosting phrases for various occasions. It will be delivered in a massive three-foot-tall box mirroring the brand's traditional packaging. This launch aims to evoke childhood nostalgia and turn end-of-summer moments into celebrations.
Kellanova (NYSE: K) has released its 2024 second quarter earnings results, available on the company's investor relations website. The release includes financial press release and tables, GAAP reconciliations, and presentation slides. A Form 8-K has been filed with the SEC. Kellanova will host a webcast on August 1, 2024, from 9:30 am to 10:30 am ET, featuring Chairman, President and CEO Steve Cahillane and Vice Chairman and CFO Amit Banati. The presentation will be followed by a Q&A session with analysts. Live audio webcast, presentation slides, rebroadcast, podcast, and transcript will be available on the investor relations website. The rebroadcast and podcast will be accessible from 1:00 pm ET on August 1, while the transcript will be available from 9:00 am ET on August 2.
Kellanova (NYSE: K) has announced a regular dividend of $0.57 per share on its common stock. The dividend will be payable on September 13, 2024, to shareholders of record at the close of business on September 3, 2024. The ex-dividend date is also set for September 3, 2024. This marks the 399th dividend that Kellanova, formerly known as Kellogg Company, has paid to common stock owners since 1925. The announcement demonstrates Kellanova's commitment to returning value to shareholders and maintaining its long-standing dividend payment tradition.
Kellanova, formerly Kellogg Company, has announced an expansion of its partnership with Interpublic Group (IPG) to accelerate global brand growth. This decision follows an extensive evaluation of Kellanova's global agency model to support its journey as a global snacking powerhouse. Key changes include:
- FCB (IPG) will lead global creative duties for priority brands like Pringles
- Publicis continues to lead creative for some snack brands and international cereal
- Tombras appointed for selected smaller U.S. brands
- Weber Shandwick continues U.S. PR for priority brands
The move aims to enhance creative prowess, strategic consistency, and future-fit capabilities. Charisse Hughes, SVP & Chief Growth Officer, emphasized selecting agencies with a digital-first approach and creative firepower to supercharge brand growth. The new agency appointments are effective immediately, with work for 2025 beginning next month.
Kellanova (NYSE: K) will release its 2024 second-quarter financial results on Thursday, August 1, 2024, at 8:00 am ET. Key documents, including the press release, financial tables, GAAP reconciliations, recast results for discontinued operations, and presentation slides, will be accessible on the company's investor website. A live webcast featuring Kellanova's executive team, including Steve Cahillane and Amit Banati, will follow at 9:30 am ET, discussing the results and addressing analysts' questions. The webcast will be rebroadcast starting at 1:00 pm ET the same day and will be available for 90 days. Additionally, a podcast of the audio will be available for download on August 2 at 1:00 pm ET.
Kellanova, formerly known as Kellogg Company, released a new multi-country study highlighting key factors job seekers prioritize in the workplace. The survey, titled 'What About Me? Attracting Top Talent in a Shifting Job Market,' involved 3,500 respondents from the U.S., Canada, U.K., Mexico, Australia, and India. Findings revealed that 95% of job seekers seek employers that recognize and reward their impact, while 63% value workplace flexibility and career development. Additionally, 92% prioritize their wellbeing, with paid time off and healthcare benefits being crucial. The research also underscores the importance of continuing education and skills-based training, particularly among students.
Kellanova's new 'Culture of Best' initiative focuses on integrity, accountability, and courage. The company aims to enhance its workplace culture by offering flexible working options, comprehensive benefits, and learning programs like the Tigerhall platform. The survey results support Kellanova's vision to create an inclusive and high-performing work environment.
Cheez-It and Hidden Valley Ranch have announced a new collaboration, introducing ranch-flavored Cheez-It crackers. This product combines the popular Cheez-It crackers with the zesty taste of Hidden Valley Ranch. The new crackers will be available for purchase starting in July, with daily drops available from June 25 to July 1 on Cheez-It's website, featuring free two-day shipping with a special code. The product is a response to fan demand and aims to satisfy cravings for a savory, bold snack. Follow Cheez-It and Hidden Valley Ranch on social media for updates.
Kellanova's Pop-Tarts brand achieved a significant milestone by winning the Grand Prix for Brand Experience & Activation at the 2024 Cannes Lions International Festival of Creativity. This award, the first of its kind, recognized the innovative 'Edible Mascot' campaign executed in collaboration with Weber Shandwick, Florida Citrus Sports, Publicis, and others. The campaign made Pop-Tarts a central figure in college football bowl season, capturing over 80% of game-related coverage, generating 4 billion impressions, and acquiring $1 million in first-party data. The campaign also achieved 15 times more brand mentions compared to other non-Kellanova sponsored bowl games. Kellanova attributes this success to strategic creativity and collaboration, setting a new benchmark in the industry.
Kellanova, formerly Kellogg Company, has shared insights from its ongoing AI-driven marketing strategy. The company emphasizes that AI is not magic but a tool to enhance consumer engagement and business outcomes. Key strategies include focusing on customer experience, addressing specific business goals, and upskilling teams to leverage AI effectively. Kellanova has seen tangible benefits from AI in areas such as growth forecasting, media optimization, and audience targeting. The company aims to become a data-driven organization, using AI to transform marketing and consumer interactions. With AI projected to dominate 80% of marketing by 2030, Kellanova is positioning itself to outperform competitors by integrating AI deeply into its operations.
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