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's Crackers, including Town House, Club, Toasteds, and Carr's, is simplifying holiday celebrations by offering curated DIY meat and cheese platter recipes. These recipes promote easy preparation for gatherings amid a different holiday season. Zach Wyer, Director of Brand Marketing, emphasizes the convenience of their products. Kristin Chenoweth is collaborating with Kellogg's to inspire festive creativity with simple platters. From November 9, fans can find Chenoweth's recipes on her social media and on Kellogg's Family Rewards website as they gear up for the holiday season.
Kellogg Company (NYSE: K) reported its 2020 third quarter earnings on October 29, 2020. The financial documents include the press release, GAAP reconciliations, and presentation slides, available on their website. A live webcast featuring CEO Steve Cahillane and CFO Amit Banati reviewing these results is scheduled for 9:30 AM EDT. The webcast will also be rebroadcast for 90 days. In 2019, Kellogg's net sales were approximately $13.6 billion, focusing on snacks and convenience foods.
The hunger crisis in America is worsening, with Feeding America reporting that 1 in 6 individuals could face hunger in 2020. Food banks are seeing a 60% increase in visitors, while donations have dropped to levels seen during the Great Recession. To combat this issue, Incogmeato by MorningStar Farms is donating $1 million worth of plant-based protein products to help fill the protein gap at food banks. The donation aims to raise awareness about this pressing issue and will be promoted through a social media competition involving their brand spokesanimals.
Kellogg Company has elected J. Michael Schlotman, former CFO of Kroger, to its Board of Directors effective immediately. Schlotman brings nearly 35 years of grocery industry experience, having served as CFO at Kroger for 19 years. Kellogg's CEO Steve Cahillane expressed optimism about Schlotman's financial expertise and knowledge of the food industry, noting its potential value to Kellogg. In 2019, Kellogg reported approximately $13.6 billion in net sales, primarily from snacks and convenience foods.
Kellogg Company (NYSE: K) declared a regular dividend of $0.57 per share on October 23, 2020, with payment scheduled for December 15, 2020. Shareowners on record by December 1, 2020, are eligible, and the ex-dividend date is November 30, 2020. This marks the 384th dividend payment since 1925, reflecting Kellogg's commitment to return value to shareholders. In 2019, Kellogg's net sales reached approximately $13.6 billion, primarily from snacks and convenience foods.
Kellogg Company has reaffirmed its commitment to equity and inclusion by sponsoring GLAAD's Spirit Day on October 15. The company has donated $75,000 to support this anti-bullying campaign, which advocates for LGBTQ youth. Kellogg brands, including Frosted Flakes, Pringles, and MorningStar Farms, will participate in the day by 'going purple' on social media. Kellogg's Vice President emphasized their support for LGBTQ employees and communities, aiming to foster a culture of inclusion.
Kellogg Company sponsored a summer internship for a student, Mary Jane Builes, at Share Our Strength as part of the Emerson National Hunger Program. This fellowship aimed to raise awareness about childhood hunger through hands-on experience. Builes engaged in various activities, including staff surveys and policy discussions. She described the importance of understanding food accessibility, especially during the pandemic. Kellogg, committed to fighting hunger and improving communities, highlighted their mission to create 'Better Days' for 3 billion people by 2030.
Kellogg introduces a new holiday breakfast product, Kellogg's The Elf on the Shelf Vanilla Candy Cane Cookie Cereal, featuring festive flavors and designs. The limited-edition cereal includes red star pieces, mini marshmallows, and peppermint flavor, priced at $5.69 for a 12.2-ounce box. This product joins the returning Kellogg's The Elf on the Shelf Sugar Cookie Cereal, available for $3.99 for an 8.1-ounce box. Both cereals aim to create family holiday traditions and are available at Walmart and other retailers. Kellogg's net sales were approximately $13.6 billion in 2019.
Nutri-Grain, a product of Kellogg Company, is launching a campaign to support K-12 teachers by providing 1 million bars. This initiative, named 'Got Your Back', aims to ease the financial burden on educators who spend an average of $300 annually on student snacks. Teachers can apply for a bin containing over 400 Nutri-Grain bars and a special blue bin, available until supplies last. Additionally, participants are entered to win one of four $300 gift cards for further supplies.
Kellogg Company (NYSE: K) will announce its third quarter financial results on October 29, 2020, at 8:00 AM EDT. A public webcast featuring CEO Steve Cahillane and CFO Amit Banati will follow at 9:30 AM EDT, including a Q&A session for analysts and investors. Documents such as the press release and financial tables will be accessible on Kellogg's investor website. A rebroadcast of the webcast will be available later in the day.
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