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.
On September 15, 2021, Tony the Tiger and Kellogg's Frosted Flakes Mission Tiger announced a partnership with Food Lion to donate $20,000 to support middle school sports in North Carolina. This initiative aims to enhance sports access for kids by funding sports equipment and facilities through DonorsChoose. Additionally, a $10,000 donation will go to the Food Bank of Central & Eastern NC to combat food insecurity. Since 2019, Mission Tiger has aided over 660,000 children nationwide, demonstrating Kellogg's commitment to community and youth engagement.
On Sept. 15, 2021, Tony the Tiger and Kellogg's Frosted Flakes launched a partnership with Hannaford Supermarkets, committing a $20,000 donation via DonorsChoose to support middle school sports in Maine, Massachusetts, New York, Vermont, and New Hampshire. This initiative aims to provide new sports equipment and uniforms. Additionally, Hannaford and Mission Tiger will match donations up to $20,000 for qualifying projects, enhancing accessibility to sports for students. Mission Tiger has previously benefited over 660,000 children by refurbishing sports facilities and providing training equipment.
Kellogg Company has launched a new product line called Pringles® Tailgating Stacks, inspired by the flavors of all 32 professional football teams. This initiative aims to enhance tailgating experiences as the football season begins. The product features unique flavor combinations, including a collaboration with football star Byron Pringle, who introduces his own signature flavor stack. The marketing push reflects Kellogg's commitment to providing enjoyable snacking options during the season. Net sales for Kellogg were approximately $13.8 billion in 2020.
Kellogg's partners with Halo Infinite to offer a Double XP promotion for gamers starting September 15 through January 31, 2022. This collaboration includes specially marked products like Cheez-It, Pop-Tarts, Pringles, and Bear Naked. Consumers can earn Double XP by purchasing and uploading receipts from these products. The promotion is intended to enhance the gaming experience for players gearing up for the release of Halo Infinite on December 8.
MorningStar Farms, part of Kellogg Company, launches a campaign for football season featuring plant-based snacks. Collaborating with actor Tahj Mowry, the brand encourages fans to share their favorite plant-based appetizers using the hashtag 'MVP'. Fans can enter a sweepstakes for a chance to win a fan pack, with entries open from September 9 to September 16, 2021. MorningStar Farms emphasizes their extensive lineup of plant-based foods, including new offerings like Veggie Chorizo Nacho Bites. The brand also partners with the San Francisco 49ers to provide plant-based options at Levi's Stadium.
San Francisco 49ers have partnered with Incogmeato and MorningStar Farms to introduce a new plant-based protein menu at Levi's Stadium. This initiative aims to provide flavorful meat alternatives while addressing food insecurity in the Bay Area. For every field goal scored by the 49ers, 30,000 Incogmeato Chik'n Tenders will be donated to Feeding America, with a goal of donating up to one million tenders this season. The partnership reflects a commitment to enhance fan experience and increase accessibility to plant-based options.
On Sept. 8, 2021, Tony the Tiger and Shaquille O'Neal announced a Mission Tiger donation aimed at improving access to sports for over 60,000 middle schoolers in six cities where O'Neal played: Boston, Cleveland, Los Angeles, Miami, Orlando, and Phoenix. The initiative is supported by sales of Kellogg's Frosted Flakes® with Crispy Cinnamon Basketballs. The donations will refurbish sports facilities, provide new equipment, and help schools resume sports activities. Mission Tiger has positively impacted over 760,000 children since its inception in 2019, with a goal of reaching 1 million by the end of 2021.
Pringles is celebrating Halloween with limited-edition Glow-in-the-Dark cans featuring fan-favorite flavors 'Sour Scream & Onion' and 'Oooriginal'. These unique cans not only serve as a fun snack but also as a festive centerpiece for Halloween celebrations. Available starting September while supplies last, the Glow-in-the-Dark cans aim to add a touch of excitement to the season. Gareth Maguire, Senior Director of Marketing for Pringles, expressed enthusiasm for this seasonal innovation, highlighting the brand’s commitment to engaging customers during Halloween.
Kellogg Company (NYSE: K) will present at the Barclays 2021 Global Consumer Staples Conference on September 8, 2021, at 12:40 pm EDT. Key speakers include CEO Steve Cahillane, CFO Amit Banati, and other top executives from various regions. Live webcast will be accessible via Kellogg's investor site beginning at 12:40 pm EDT. Presentation slides will be available at 12:00 pm EDT. A replay will be offered starting at 5:00 pm EDT and will be available for six months.
Kellogg Company has collaborated with Eggo to launch a limited-edition Chik'n and Waffles combo pack, celebrating National Waffle Day on August 24, 2021. This unique offering features Incogmeato's vegetarian Chik'n Tenders alongside Eggo's buttermilk waffles, aiming to provide a delicious plant-based alternative for both vegetarians and flexitarians. The promotion includes a chance to win a free combo pack, reinforcing Kellogg's commitment to expanding vegetarian options and enhancing consumer experiences.
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