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 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.
Pringles is set to return as an advertiser during the 2021 Big Game, building on its previous success with humorous ads centered around flavor combinations. Following a productive partnership with Rick and Morty, Pringles has recorded double-digit growth. The brand will also unveil a refreshed logo and packaging, emphasizing its innovative flavor stacking possibilities. The upcoming :30 commercial, developed by the Grey Group, will be part of a comprehensive marketing campaign launched across various digital platforms.
Kellogg Company announced it provided 13 million meals to those in need through retail partnerships in 2020 amidst the COVID-19 pandemic. The initiative, part of Kellogg's Better Days purpose platform, aimed to combat increased hunger, particularly among children affected by school closures. Collaborations included retailers like Winn-Dixie and Instacart, with each purchase generating meal donations. Kellogg's goal is to create Better Days for 3 billion people by 2030, reflecting its commitment to social impact and food security.
Kellogg's Away From Home has launched its Menuvation Center™ at The Hatchery in Chicago, aimed at fostering culinary innovation in partnership with food service operators. This facility will provide operators access to the proprietary iCrave Process™, combining data-driven analysis and creative insights to enhance menus. The initiative includes collaboration with experienced chefs to cater to evolving consumer demands. Chefs like Stephanie Izard endorse the center as a crucial resource for maintaining menu freshness amid industry challenges.
Kellogg Company announced the launch of two new cereal flavors: Frosted Mini-Wheats® Cinnamon Roll and Special K® Blueberry, both available in December 2020. The Frosted Mini-Wheats variant boasts 47 grams of whole grains and 7 essential vitamins and minerals, while Special K features whole blueberries and 11 key vitamins and minerals per serving. Prices are set at $3.25 for smaller boxes and $3.99 for larger ones. The introduction reflects Kellogg's commitment to innovate and offer nutritious options for families.
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