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 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.
Kellogg Company is promoting a campaign to ease morning stress for parents around Daylight Saving Time with its Eggo brand. To support families, Eggo will give away 100,000 free waffles on March 14, 2021, as part of a larger goal to distribute one million waffles throughout the year. The initiative features the L'Eggometer, a tool analyzing online discussions to gauge morning stress levels and provide tips for parents. The campaign aims to help families enjoy breakfast while managing the challenges that come with the time change.
Kellogg, through its Cheez-It brand, announces the Cheez-It Grooves Spring Break-In-A-Box giveaway, running until March 26, 2021. Winners will receive a unique spring break experience at home, plus a year's supply of Cheez-It Grooves. Three themed experiences are available, each inspired by Cheez-It Grooves flavors: Scorchin' Cheddar, Zesty Cheddar Ranch, and Sharp White Cheddar. The initiative aims to elevate consumer engagement by bringing the excitement of spring break to fans, even as traditions are altered this year.
Drew Barrymore has partnered with Kellogg to promote fiber intake during National Breakfast Week. She emphasizes the importance of fiber for digestive health and recommends Kellogg's high-fiber cereals, such as Raisin Bran and Frosted Mini-Wheats, which provide at least 20% of the recommended daily fiber in one serving. From March 8 to March 12, 2021, Kellogg is giving away free samples of these cereals through the #FiberChallenge. Consumers can sign up with a friend for a chance to receive a free box while supplies last, promoting a fun and healthy breakfast habit.
Kellogg Company announces the launch of Pringles Wavy Moa Burger crisps, inspired by the popular video game Halo. This limited-edition flavor features a blend of garlic, sweet ginger, and savory beef, offering a unique taste experience. The product will be available at Walmart and Walmart.com starting March 2021. The marketing director emphasizes its appeal to Halo fans, combining gaming culture with snack innovation. This launch highlights Kellogg's commitment to creating engaging flavors that resonate with specific consumer interests.
Kellogg Company is launching Cinnabon Bakery Inspired Jumbo Snax in celebration of National Snack Day. This new snack features cinnamon-sugar swirl-shape pieces, mimicking the classic Cinnabon taste. Available nationwide in April, it joins other Jumbo Snax like SMORZ, Froot Loops, and Frosted Flakes. Priced at $5.49 for a 12-pouch multipack, these snacks cater to on-the-go consumers. The announcement reflects Kellogg's response to strong consumer demand, aiming to satisfy cravings anytime, anywhere.
Kellogg announced a significant step towards sustainability, achieving over 50% renewable energy for its global manufacturing by the end of 2022. This is facilitated by a virtual power purchase agreement (VPPA) with Enel Green Power for 360 GWh of wind electricity annually. The initiative aligns with Kellogg's goal to reduce greenhouse gas emissions by 65% and achieve 100% renewable electricity by 2050. The VPPA is expected to avoid 250,000 metric tons of CO2 emissions annually, supporting Kellogg's robust commitment to corporate sustainability and addressing climate change.
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