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 its limited-edition Together With Pride cereal, available nationwide from May 20, 2021. This initiative celebrates diversity and LGBTQ+ acceptance through a partnership with GLAAD. For every box purchased, Kellogg will donate $3 (up to $140,000) to GLAAD to support its advocacy efforts. The cereal features berry-flavored rainbow hearts, emphasizing inclusion with the slogan 'Boxes are for cereal, not people.' The initiative also includes social media engagement through the #BoxesAreForCerealChallenge.
A new collaboration between Pringles and Wendy's has launched a limited-edition Pringles flavor inspired by Wendy's original Spicy Chicken Sandwich. This unique crisp captures the spicy chicken flavor, allowing fans to enjoy it in a convenient snack format. The product will be available at retailers nationwide starting in June 2021. Each can includes a code for a free spicy chicken sandwich with mobile orders, enhancing the promotional appeal. This collaboration follows the success of the Pringles Baconator flavor, emphasizing Wendy's commitment to quality and flavor.
Kellogg Company has launched its first-ever mystery flavor of Pop-Tarts, named Mister E, encouraging fans to participate in a fun guessing game. Starting May 27, 2021, consumers can scan a QR code on the box to enter a sweepstakes for a chance to win prizes like gaming consoles and apparel. The flavor will ultimately be revealed on Pop-Tarts social channels. This innovative marketing campaign aims to engage consumers and drive sales across retail stores nationwide.
Kellogg is launching a new limited-edition MASHUPS™ Cereal combining Kellogg's Frosted Flakes® and Apple Jacks®, available starting June for $3.99 (9.8 oz) and $5.69 (15.6 oz). This new flavor follows the success of last year's MASHUPS and reflects Kellogg's commitment to innovation based on consumer feedback. Fans can vote for future combinations online, signaling Kellogg's engagement with its consumer base. This initiative aims to enhance brand loyalty while introducing creative product offerings in the market.
Cheez-It is celebrating its 100th birthday with the launch of a special cake, the Cheez-Itennial Cake, created by celebrity chef Stephanie Izard. This limited-edition cake features a blend of Cheez-It crackers and will be available for purchase online through Goldbelly from May 17 to May 20, 2021. The cake incorporates Cheez-It flour in the batter and includes caramel swirls, along with chocolate-covered crackers on top. The release aims to engage fans and celebrate a milestone for the iconic snack.
Kellogg's Incogmeato brand has launched new plant-based Chik'n Tenders, available in Original and Sweet BBQ flavors, aiming to disrupt the meat alternative market. The launch is celebrated with a partnership with chef Pinky Cole of Slutty Vegan, who will host an exclusive pop-up event in Atlanta. The new product is positioned to deliver a similar taste and texture to traditional chicken tenders, appealing to flexitarian consumers. The product will be available nationwide in select grocery stores starting this month.
On May 11, 2021, Kellogg Company announced the return of Rice Krispies Treats Strawberry, along with a new Mini-Squares Variety Pack inspired by Neapolitan ice cream. The variety pack includes Chocolate, Original, and Strawberry treats, designed for on-the-go snacking. The suggested retail price for the 64-count box is $10.79, while Strawberry options are priced at $3.39 for an 8-count and $5.49 for a 16-count box. These products will be available in stores nationwide by the end of May, enhancing Kellogg's summer product offerings.
Kellogg Company (NYSE: K) announced its first quarter earnings results for 2021, accessible via their website. The company is set to hold a live webcast on May 6, 2021, featuring CEO Steve Cahillane and CFO Amit Banati discussing the results followed by a Q&A session. Financial documents, including GAAP reconciliations and presentation slides, will be available for review. Kellogg generated approximately $13.8 billion in net sales in 2020, largely from snacks and convenience foods. The company aims to create a better world through its food brands and initiatives.
Kellogg Company (NYSE: K) announced a quarterly dividend of $0.58 per share, reflecting a 2% increase from previous dividends. This payment will be made on June 15, 2021, to shareholders recorded by June 1, 2021. The ex-dividend date is set for May 28, 2021. This marks the 386th dividend payment since 1925, showcasing Kellogg's long-standing commitment to returning value to its shareholders. In 2020, the company reported net sales of approximately $13.8 billion, focusing on snacks and convenience foods.
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