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 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.
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.
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