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 partners with Instacart to donate meals this holiday season. From December 4 to December 18, for every Instacart purchase over $25 of Kellogg's products, 10 meals (up to 400,000 meals) will be donated to No Kid Hungry. Participating brands include Eggo, Pringles, and Rice Krispies. This initiative aligns with Kellogg's commitment to 'Better Days,' aiming to help 375 million people by 2030, particularly addressing food insecurity worsened by COVID-19.
Cheez-It introduces an innovative fan experience for the 2020 Cheez-It Bowl, featuring 'Wheel Live Fans,' animatronic cheese wheels that celebrate football spirit. Fans can create personalized avatars at CheezIt.com, which may appear in the stands during the game on December 29. This engagement aims to enhance the viewing experience amidst a unique football season. According to Jeff Delonis, Senior Director of Marketing, the initiative builds on the success of last year's Cheez-It Box Seats, driving excitement for both in-person and remote spectators.
Kellogg Company has launched new Kellogg's® Cereal Bars, featuring Froot Loops® and Frosted Flakes® for convenient snacking. These bars equate to half a serving of cereal by weight and are designed for on-the-go consumption. Available in December at retailers nationwide, the bars aim to meet the needs of busy parents and active kids. Senior Director of Brand Marketing, Sarah Reinecke, emphasizes innovation and accessibility in breakfast options. Kellogg's continues to focus on enriching lives through its beloved brands.
Kellogg Company, a leader in plant-based foods, emphasizes the importance of healthy soil for sustainable agriculture on World Soil Day, December 5. They aim to support 1 million farmers by 2030 through their Better Days global purpose platform. Since 2015, Kellogg has invested in over 40 sustainable agriculture projects, reaching over 433,000 farmers globally. Their initiatives, like the $2 million Cool Soil Initiative in Australia, focus on soil health, biodiversity, and reducing carbon emissions, aiming to foster a regenerative food system for future generations.
Kellogg Company's Pringles brand has unveiled its first major can redesign in 20 years, featuring bold colors and a modern aesthetic that highlights its unique flavors. The reimagined mascot, Mr. Pringle, now sports a sleek look and a range of emotions. This brand refresh, which took two years to develop, is intended to connect with consumers while maintaining the familiar taste of Pringles. To celebrate, the company has launched a national sweepstakes in partnership with Victor Cruz, offering fans a chance to win $1,500 and new Pringles products. The redesigned products will hit stores in December 2020.
Kellogg Company emphasizes its commitment to providing affordable and accessible nutritious foods, especially in light of the financial challenges faced by many U.S. households due to the pandemic. About 30% of families earn under $35,000 yearly, making budget-friendly options essential. Kellogg's product portfolio is 86% plant-based, including cereals and snacks, and offers meals costing less than $4. The company supports nutritional assistance programs and has donated millions of meals through its Better Days initiative while maintaining active engagement with government stakeholders.
Kellogg Company, through a partnership with The Nature Conservancy, has initiated a project to support Arkansas rice farmers by installing irrigation timers on 30 farms across 15,000 acres. This initiative is part of Kellogg's commitment to assist 1 million farmers by 2030, aiding in water conservation efforts in critical groundwater areas. The timers are estimated to save 9 billion gallons of water annually, addressing the decline of the Mississippi Valley Alluvial Aquifer, which currently has only 10% of its water resources left. This effort highlights Kellogg's dedication to sustainable farming practices.
Roughly 300 million children are facing hunger without school meals due to the COVID-19 pandemic. The Global FoodBanking Network's study reports that food banks are crucial, serving 3.49 million school-age children across 30 countries. Before the pandemic, 73 million vulnerable children were not receiving school meals. Kellogg is a founding partner of GFN and emphasizes the need for government and private sector investment in school-based feeding programs to combat childhood hunger. Successful models exist, like FoodForward South Africa, which serves thousands of children daily.
Kellogg Company is launching a new collection of spicy crisps called Pringles Scorchin', featuring three flavors: Cheddar, BBQ, and Chili & Lime. Each flavor combines familiar tastes with an added kick of heat, aiming to attract heat-loving snack fans. The new lineup will retail for $1.99 for a 5.5oz can and will see a limited retail release starting in December 2020, with full availability planned for 2021.
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