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.
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.
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.
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