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.
On January 26, 2021, Kellogg Company launched a campaign to support parents during chaotic mornings, introducing the tagline 'L'Eggo With Eggo.' The initiative includes a year-long giveaway of one million Eggo waffles, encouraging parents to share their experiences using #helpmeleggo. Celebrity parents such as Melissa Joan Hart and Shawn Johnson East will also participate by sharing personalized videos. This campaign aims to transform morning stress into manageable moments of joy, reinforcing Eggo's position as a trusted breakfast staple.
Kellogg Company (NYSE: K) has announced it will release its 2020 fourth quarter financial results on February 11, 2021, at 8:00 am EDT. The results will be accessible via the company’s website, along with financial tables and presentation slides. A public webcast will follow at 9:30 am EDT, featuring commentary from Kellogg's CEO Steve Cahillane and CFO Amit Banati, with a Q&A session for analysts. A transcript will be posted within 24 hours. The webcast will be available for rebroadcast for 90 days.
Kellogg Company announced a new addition to its Raisin Bran line – Kellogg's Raisin Bran® Toasted Oats and Honey. This cereal features hearty bran flakes, juicy raisins, crispy whole-grain toasted oats, and a hint of real honey. Priced at $2.99 for 15.6 ounces and $3.99 for 22.1 ounces, the product is now available at retailers nationwide. The new cereal maintains its heart-healthy benefits and is a good source of fiber, which supports digestive health. Kellogg's aims to innovate for its loyal customers, fostering brand loyalty through new flavor combinations.
Dunkin' is expanding its menu with the new Southwest Veggie Power Breakfast Sandwich, featuring a MorningStar Farms Black Bean Patty. Launched on January 4, 2021, the sandwich is a plant-based option with 410 calories, 26 grams of protein, and 23 grams of whole grains. Dunkin' is offering DD Perks members 2X points on this sandwich and other plant-based items through January 26, 2021. This move aligns with the growing trend of plant-based diets, reflecting Dunkin's commitment to accessibility and variety in their offerings.
Kellogg and Walgreens have made a $25,000 donation to the United Way of Greater Philadelphia and Southern New Jersey to combat food insecurity. This donation supports trauma-informed care for individuals facing food challenges, addressing the stigma associated with food assistance. The partnership aims to create workshops that directly assist vulnerable populations. This initiative highlights Kellogg's commitment to community support and collaboration, continuing a longstanding partnership with United Way that has lasted over 90 years.
Kellogg Company has launched the Little Debbie Oatmeal Creme Pies Cereal to celebrate the 60th anniversary of the iconic snack. This new cereal features crispy oatmeal cookie-flavored pieces with a sweet, creme-y coating, designed to replicate the taste of the beloved Little Debbie treat. The cereal is available nationwide at a suggested retail price of $3.99 for a 9.1-ounce box and $5.69 for a 14.5-ounce box. The product aims to offer families a new way to enjoy their favorite childhood snack during breakfast.
Kellogg marked World Food Day with a successful virtual fundraising campaign, raising nearly $45,000 for United Way hunger programs. The event, driven by Kellogg's eight Business Employee Resource Groups (B/ERGs), showcased the company's commitment to diversity and inclusion. Notably, the African American Resource Group (KAARG) led the initiative, resulting in an additional $5,000 donation to Martha's Table for their efforts. Given the heightened food insecurity due to the pandemic, this fundraising effort underscores the importance of community support during challenging times.
Kellogg's® SMORZ™ Cereal is making a comeback after a two-year hiatus, following a popular petition from fans on Change.org. The cereal features crunchy graham squares coated in chocolate, combined with marshmallows, bringing nostalgia to breakfast lovers. Priced at $3.99 for a 9.8-ounce box and $5.96 for a 15.6-ounce box, SMORZ is now available in stores and online. Senior marketing director Erin Storm emphasized the passionate fanbase that influenced this decision. The product aims to deliver joy to long-time fans and new consumers alike.
Kellogg's manufacturing team in South Africa has initiated a community support project, distributing 400 food hampers to families in need. Each hamper included items such as Corn Flakes, Noodles, and a branded face mask. This initiative, part of Kellogg's commitment to create Better Days for 3 billion people by 2030, exemplifies the company's social responsibility amidst the COVID-19 pandemic. The hampers were shared via social media under the hashtag #MyBetterDays, showcasing employee involvement and community engagement to address food insecurity in the region.
Kellogg Company (NYSE: K) announced that its employees reached over 4.1 million people through various food security initiatives in recognition of World Food Day. These efforts included food drives and virtual events to combat hunger, heightened by the COVID-19 pandemic. With hunger rates projected to rise, Kellogg's global initiatives involved employees from Europe, Latin America, Canada, and the U.S. This aligns with Kellogg's commitment to create better days for 3 billion people by 2030 through its Better Days platform.
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?
