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 Frosted Mini-Wheats has launched its first board game titled Morning Craze, inspired by humorous stories from families. The game encourages families to gather and enjoy breakfast while tackling the comedic consequences of skipping meals. Brand manager Daya Pillai emphasizes the game’s connection to family fun amid busy mornings, highlighting the nutritional benefits of Frosted Mini-Wheats. The campaign invites fans to share their 'growl stories' for a chance to win the game and cereal. Kellogg Company reported net sales of approximately $13.6 billion in 2019, focusing significantly on snacks and convenience foods.
Kellogg Company announced a reduction in food loss and organic waste, achieving a 13.4% decrease since 2016. In 2019, only 1.1% of food handled went unused, with surplus provided to food banks. The company emphasizes its commitment to reducing waste across its supply chain and aims to help 3 billion people by 2030. Kellogg's initiatives include partnering with food banks, using imperfect produce in products, and improving production efficiency. The company also collaborates with global organizations to further reduce food waste.
Kellogg Company, in partnership with United Way, has launched an initiative inviting young individuals aged 13 to 22 to submit ideas for community improvement. From now until December 31, 20 selected winners will each receive $2,500 to help realize their projects. The initiative aims to address various issues such as food insecurity, education access, and mental health. Winners will be announced in January 2021. This effort aligns with Kellogg's commitment to creating Better Days for 3 billion people by 2030.
Kellogg's Special K has launched the Blursday Go-Away Kit to help consumers combat confusion about days during the pandemic. The kit includes seven pairs of flave-of-the-day socks, a weekly planner, and seven flavors of Special K cereal designed to align with each day of the week. Celebrity Whitney Port endorses the kit, emphasizing its utility amidst busy schedules. The giveaway runs until October 4, 2020, with 700 winners to be selected. Special K aims to engage fans and enhance their daily routines through enjoyable food experiences.
Kellogg Company has made significant strides in reducing greenhouse gas emissions as part of its Better Days commitment. By 2020, it reduced scope 1 & 2 GHG emissions in manufacturing by over 28%, surpassing its 15% reduction goal ahead of schedule. Kellogg aims for 100% renewable energy by 2050, with nearly 28% of its electricity sourced from renewables. The company also assists over 433,000 farmers in adopting sustainable practices. With 86% of its portfolio being plant-based, Kellogg's products are less impactful on the environment.
Pringles is enhancing its collaboration with Adult Swim's Rick and Morty by launching new limited-edition flavors: Honey Mustard Morty and Look at Me! I'm Cheddar & Sour Cream, alongside the re-released Pickle Rick. These flavors cater to fans of the show and continue the 'Flavor Stacking' trend, encouraging creative combinations. The products will be available at Walmart starting September 2020, promoting interactive and innovative snacking experiences.
Incogmeato, a plant-based brand from Kellogg, aims to break the stigma surrounding plant-based foods with a challenge to taste skeptics. In a Labor Day promotion, the brand is giving away free product coupons for its burgers, brats, and sausages, encouraging consumers to try the flavors that mimic meat. Prominent social media animal influencers are endorsing the brand, adding a fun twist to the campaign. Kellogg reports a commitment to innovative plant-based products, with items high in protein available at various retailers across the country.
On August 27, 2020, Incogmeato™ by MorningStar Farms celebrates National Burger Day with a challenge for flexitarians in Dallas and Denver: try their plant-based burger. Aimed at easing concerns over plant-based taste, Incogmeato™ will deliver free one-bite samples via a partnership with Postmates. Residents can order the free slider through Postmates, receiving a coupon for full-size patties at local stores. Additionally, a nationwide giveaway on Twitter allows others to participate, further engaging customers wary of plant-based options.
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