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 Rice Krispies Treats has launched the 365 Days of Love and Support Kit, inspired by a recent survey revealing that 86% of parents felt they needed more support during their childhood. Partnering with actress Idina Menzel, the kit includes a daily planner for parents to share heartfelt messages and a year's supply of Rice Krispies Treats. This initiative aims to encourage emotional support for children during critical school moments. The kit is available to a limited audience, with details on their website.
Kellogg is launching the new Bowl Buddies collection featuring iconic characters like Tony the Tiger and Toucan Sam, enhancing breakfast experiences for families. Starting September, cereal fans can find these collectible figures in specially marked boxes of Kellogg's Frosted Flakes, Froot Loops, Rice Krispies, and Apple Jacks, with a price range of $3.99 to $5.69. The initiative aims to rekindle family breakfast traditions while boosting cereal sales.
Kellogg Company has launched a new Chef in Residency Fellowship aimed at increasing diversity in culinary research and development. This initiative seeks to provide opportunities for Black chefs, starting with Christopher Williams, a pastry chef from Whole Foods. Williams shares his excitement about exploring new ingredients, such as Fonio, and the collaborative environment at Kellogg’s Institute for Food Technology. The fellowship aims to innovate new food products that reflect diverse cultures and support the company’s vision for inclusive food development.
Kellogg Company (NYSE: K) announced its 2021 second quarter earnings on August 5, showcasing financial results accessible via their investor relations site. Accompanying materials include a financial press release, GAAP reconciliations, and presentation slides. A live public presentation featuring Kellogg's CEO Steve Cahillane and CFO Amit Banati is scheduled, followed by a Q&A session with analysts. In 2020, Kellogg reported net sales of approximately $13.8 billion, focusing on snacks and convenience foods.
Kellogg Company, on August 3, 2021, announced its 2021 Intern Innovation Challenge, engaging interns in product development for its eighteen94 capital investment companies. Over seven weeks, interns collaborated in groups to create pitches for Kuli Kuli, Siren Snacks, and Taali Foods, guided by Kellogg mentors. Simon Burton, co-fund manager, emphasized the significance of innovation and collaboration in fostering limitless ideas. Kellogg's Deploy for Growth Strategy supports ongoing innovation, building on past successes like the Pop-Tart Bites. The initiative aims to equip interns with valuable skills and foster a culture of creativity.
Kellogg Company (NYSE: K) has declared a $0.58 dividend per share on its common stock, with payment scheduled for September 15, 2021. Shareholders on record as of September 1, 2021 will qualify for this dividend, and the ex-dividend date is set for August 31, 2021. This marks the 387th consecutive dividend paid by Kellogg since 1925. In 2020, the company reported net sales of approximately $13.8 billion, primarily from snacks and convenience foods.
Nutri-Grain, part of Kellogg, reveals that parents spend approximately nine days a year negotiating food choices with their children, with 43% negotiating at least six times a day. To help families spend more quality time together, Nutri-Grain launched the "Getaway from Negotiation" sweepstakes from July 14-28, where five winners will receive a family trip valued at up to $10,000, along with a year's supply of Nutri-Grain products. This initiative aims to ease meal discussions with parents finding Nutri-Grain snacks a solution they can feel good about.
Kellogg Company has launched its new Eggoji™ waffles, a playful twist on the classic Eggo waffles featuring animated faces. This innovative product aims to make breakfast more enjoyable for families, transforming chaotic mornings into moments of fun. The launch coincides with World Emoji Day, promoting small wins for parents and kids alike. Additionally, Kellogg is partnering with No Kid Hungry to provide up to half a million breakfasts through social media engagement. Eggoji waffles are now available at retailers nationwide.
Kellogg Company has announced a collaboration with MGM to promote the animated sequel 'The Addams Family 2,' launching limited-edition cereales and snacks for Halloween. Available starting July 2021, products include spooky-themed Kellogg's Froot Loops, Chocolate Frosted Flakes, and Apple Jacks, featuring beloved characters like Wednesday and Lurch. Each box offers a free digital download of the original animated film. Prices range from $3.99 to $9.99, aiming to enhance family fun during the Halloween season.
Kellogg Company (NYSE: K) will release its 2021 second quarter financial results on August 5, 2021, at 8:00 am EDT. The results will be available on the company's investor website, accompanied by a press release, financial tables, and presentation slides. A public webcast will follow at 9:30 am EDT, hosted by Chairman Steve Cahillane and CFO Amit Banati, including a Q&A session with analysts. The event will also be rebroadcasted and available for download as an MP3 podcast shortly after.
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