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 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.
Kellogg's has launched its first-ever chocolatey dipped cereal called Special K Dipped Chocolatey Almond, available nationwide starting in April 2021. This new product features a blend of multigrain flakes dipped in chocolate, cocoa-dusted flakes, and real almonds, providing a unique taste experience. Priced at $3.99 for a 13.1-ounce box and $4.99 for a 19.2-ounce box, it aims to cater to consumers looking for flavorful and nutritious breakfast options. The cereal includes whole grains, fiber, and vitamins A, C, and E.
Kellogg Company (NYSE: K) will announce its 2021 Q1 financial results on May 6, 2021, at 8:00 am EDT. A public webcast featuring CEO Steve Cahillane and CFO Amit Banati will follow at 9:30 am EDT to discuss these results and answer analyst questions. Financial documents, including press releases and presentation slides, will be available on their investor website at the same time. A rebroadcast of the webcast will be accessible for 90 days post-event.
Kellogg Company announces the launch of a new limited-edition snack, Pringles Wavy Deep Fried Pickle, available at Dollar General stores starting April 2021. This flavor combines the tangy taste of deep-fried pickles with a thick, wavy texture for a satisfying crunch. The product is designed to enhance the snack experience, allowing consumers to combine it with other Pringles flavors, like Fried Pickle Cheesy Ranch Stack. The launch reflects Kellogg's commitment to delivering innovative snack options that resonate with customers.
Kellogg's Frosted Flakes is launching a new cereal featuring crispy cinnamon basketballs, debuting nationwide in April 2021. In partnership with basketball icon Shaquille O'Neal, fans can enter to win autographed boxes by sharing on social media. This initiative supports Mission Tiger, which aims to enhance sports access for middle schoolers. Each box purchase contributes a $2 donation to DonorsChoose, helping refurbish sports facilities. Retail prices are set at $3.99 for a 10.2-ounce box and $5.69 for a 16.3-ounce box.
Kellogg Company (NYSE: K) will host its 2021 Annual Meeting of Shareowners via a live audio webcast on April 30, 2021, at 1:00 pm ET. CEO Steve Cahillane will address attendees, followed by a Q&A session with shareowners. Presentation slides will be available for download starting at 12:30 pm ET on the same day. An audio replay will be accessible from 5:00 pm ET on April 30, remaining available for 90 days. Kellogg reported net sales of approximately $13.8 billion in 2020, focusing on snacks and convenience foods. More details can be found on their investor website.
FAQ
What is the current stock price of Kellanova (K)?
What is the market cap of Kellanova (K)?
What is Kellanova?
What are some of the popular brands under Kellanova?
What recent initiatives has Kellanova undertaken?
What is Kellanova's goal for 2030?
How does Kellanova leverage AI in its operations?
What is the annual sales figure for Kellanova?
Where are Kellanova's products manufactured and marketed?
Who are the key executives at Kellanova?
Where can I find more information about Kellanova?
What is the purpose of Kellanova?
