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 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.
Kellogg's Crackers has launched two new snack products: Club Crisps and Town House Dipping Thins. These products feature thinner, crispier versions of popular flavors, enhancing the snacking experience. Club Crisps are available in Sea Salt and Ranch, while Town House Dipping Thins come in Sea Salt and Black Pepper, designed for mess-free dipping. Both products are free from artificial flavors and colors, promoting healthier snacking choices. Retail prices are set at $4.19 for a 7.1-ounce bag of Club Crisps and $3.89 for a 9-ounce box of Dipping Thins, available nationwide starting March.
Kellogg Company has announced the launch of Kellogg's SMORZ Jumbo Snax, transforming the popular cereal into a snack just in time for National Snack Day on March 4. This new product is part of the Kellogg's Jumbo Snax lineup, which includes iconic cereals like Froot Loops and Corn Pops. Additionally, fans are invited to guess the next cereal to be 'jumbo-fied.' Kellogg's aims to expand cereal consumption beyond breakfast, appealing to snack lovers.
Kellogg Company announces the launch of Cheez-It Loaded Popcorn, a new snack crafted with 100% real cheese, available for a limited time starting February 2021. The product comes in two flavors: Cheez-It Loaded Cheddar Popcorn and Cheez-It Loaded White Cheddar Popcorn, both aiming to enhance movie night experiences. Senior Director of Marketing, Jeff Delonis, emphasizes the innovation behind this product, while actor Jesse Metcalfe endorses it as a perfect movie snack. The offering is part of Kellogg’s strategy to diversify its snack portfolio.
Kellogg Company (NYSE: K) has been recognized by Ethisphere as one of the World's Most Ethical Companies for 2021, marking its 13th inclusion since 2007. Among 135 honorees across 22 countries and 47 industries, Kellogg is one of only seven in the Food, Beverage and Agriculture category. The recognition underscores Kellogg's commitment to ethical practices and corporate integrity, particularly during challenging times. With net sales of approximately $13.8 billion in 2020, Kellogg continues to promote its ethical values and community impact.
Incogmeato by MorningStar Farms introduces a new plant-based alternative for meat-lovers during Lent. The product mimics the taste and texture of meat, offering various options such as burger patties and chik'n nuggets. To encourage consumers to try the product, Incogmeato is hosting a nationwide giveaway of free samples from February 19 through March 5. This initiative allows customers to substitute meat while still enjoying their favorite meals. The products are available at retailers including Walmart and Albertsons.
Kellogg Company (NYSE: K) announced its 2020 fourth quarter earnings, available on its investor site. The report includes GAAP reconciliations and financial highlights. The company will host a live webcast presentation led by CEO Steve Cahillane and CFO Amit Banati, reviewing the financial results on February 11, 2021, from 9:30 AM to 10:30 AM EST. In 2020, Kellogg's net sales reached approximately $13.8 billion, focusing on snacks and convenience foods.
Kellogg Company (NYSE: K) has declared a $0.57 per share dividend for the first quarter, payable on March 15, 2021, to shareholders of record by March 2, 2021. The ex-dividend date is March 1, 2021. This marks the 385th dividend paid since 1925. Additionally, Kellogg plans to increase the dividend to $0.58 per share starting in the second quarter of 2021. For 2020, Kellogg reported net sales of approximately $13.8 billion, focusing on snacks and convenience foods.
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