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.
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.
Kellogg Company (NYSE: K) will host a live webcast of its presentation at the Barclays 2020 Global Consumer Staples Conference on September 9, 2020, at 9:20 am EDT. Key executives speaking include Steve Cahillane (CEO), Amit Banati (CFO), and Monica McGurk (Chief Growth Officer). The presentation slides will be available starting at 8:30 am EDT on the same day. A live audio webcast with slides can be accessed at approximately 9:00 am EDT, and a replay will be available after 5:00 pm EDT for six months.
Kellogg's has launched a new limited-edition cereal called Kellogg's Minecraft Creeper Crunch Cereal, inspired by the popular video game Minecraft. The cereal features cinnamon-flavored bites and green "Creeper Bit" marshmallows, representing Minecraft’s iconic pixelated blocks. Each box includes a unique code to unlock in-game clothing items, enhancing the gaming experience for players. The cereal is priced at $3.99 for an 8-ounce box and $5.69 for a 12.7-ounce box, available in stores nationwide.
BATTLE CREEK, Mich., Aug. 3, 2020 /PRNewswire/ -- Kellogg Company introduces Special K Caramel Latte Pastry Crisps, offering a guilt-free treat with 100 calories per serving. These new pastry crisps combine the flavors of caramel and espresso, providing as much caffeine as half a cup of coffee. Launched for National Coffee Month, they retail for $3.49 per two-pastry pack and are available nationwide. The launch aims to cater to consumers seeking convenient, coffee-inspired snacks.
Kellogg Company (NYSE: K) released its second-quarter earnings results on July 30, 2020, available on their investor website. The financial press release includes GAAP reconciliations and presentation slides. The company will conduct a public conference call with CEO Steve Cahillane and CFO Amit Banati to review the results, followed by a Q&A session with analysts. The webcast will take place at 9:30 am EDT on the same day. Kellogg, with a focus on delivering beloved brands, aims to enrich lives through its food offerings and global initiatives.
Kellogg Company (NYSE: K) reported its second quarter 2020 results, revealing a 0.1% increase in reported net sales at $3.465 billion, while organic net sales rose by 9.2%. The company's operating profit surged 27.3% to $506 million, driven by elevated at-home demand during the COVID-19 pandemic. Kellogg raised its full-year guidance, projecting organic net sales growth of approximately 5%. Cash flow is expected to reach around $1 billion, reflecting increased financial flexibility amid operational challenges. The company continues investing in safety protocols and community support amidst the ongoing crisis.
Kellogg Company (NYSE: K) announced a dividend of $0.57 per share, payable on September 15, 2020, to shareholders on record as of September 1, 2020. The ex-dividend date is August 31, 2020. This marks the 383rd dividend paid since 1925, showcasing the company's ongoing commitment to returning value to shareholders.
In 2019, Kellogg reported net sales of approximately $13.6 billion, mainly from snacks and convenience foods.
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