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), the global snacking leader behind iconic brands like Pringles® and Cheez-It®, maintains this dedicated news hub for investors and industry observers. Access real-time updates on earnings announcements, product innovations, and strategic initiatives from one of the world's most established food companies.
This resource aggregates official press releases alongside verified third-party coverage, providing a complete view of Kellanova's market activities. Key focus areas include quarterly financial results, sustainability progress, supply chain advancements leveraging AI technology, and brand portfolio expansions.
Regular updates ensure you stay informed about developments impacting Kellanova's position in consumer packaged goods. Bookmark this page or check back frequently to monitor the company's latest moves in global snacking markets and frozen food sectors.
Kellogg Company is investing in People Analytics to enhance employee experience and drive business value, as highlighted by Director Petra Mudder. The initiative aims to analyze data for improved HR strategies, particularly in Equity, Diversity & Inclusion, employee retention, and engagement. Although turnover rates are low, the company seeks to identify trends in voluntary leave data. Future plans include integrating people and commercial data to gain insights into HR program impacts. Kellogg's vision is to create a fulfilling work environment while pursuing its ESG goals to benefit 3 billion people by 2030.
On January 10, 2023, Kellogg Company announced the launch of RXBAR Granola, featuring three flavors: Original, Chocolate, and Peanut Butter, each containing 10g of protein per serving. This product emphasizes simple, wholesome ingredients and is priced at $6.99 per 11oz bag. Additionally, RXBAR unveiled its Craft Batch initiative with the new Strawberry RXBAR, made with 12g of protein and unique textural elements, available for $2.79 per bar. The Craft Batch line aims to introduce a new flavor yearly based on consumer feedback.
Kellogg Company has received FDA approval to increase Vitamin D fortification in cereals and allow it in grain-based bars. This initiative aims to combat "hidden hunger" and improve public health, as over 90% of Americans lack sufficient Vitamin D. Kellogg plans to introduce Pure Organic Crackers with a good source of Vitamin D from mushroom powder. The company emphasizes its commitment to enhancing nutrition through its Better Days Promise ESG strategy, aiming to positively impact 3 billion people by 2030.
Cheez-It has launched its first-ever name, image, and likeness (NIL) deals with four college football athletes as part of its promotional strategy. The selected players will experience exclusive accommodations at the 'Feelin' the Cheeziest' Hotel Rooms, filled with Cheez-It themed items. The initiative is aimed at enhancing brand engagement with fans during the college football season. The Cheez-It Bowl is scheduled for December 29, 2022, and the Citrus Bowl follows on January 2, 2023.
Kellogg Company is introducing NaviLens technology on packaging for four cereal brands, enabling visually impaired consumers to better navigate grocery stores. The technology features high-contrast optical codes that can be scanned with smartphones, providing product information in 36 languages. This initiative aligns with Kellogg's Better Days Promise, aiming to enhance accessibility and inclusivity. By 2023, NaviLens will be implemented in all U.S. corporate facilities, promoting a supportive environment for employees with disabilities.
Kellogg's Frosted Flakes® Mission Tiger is enhancing middle school sports programs in Missouri through significant donations to local schools. On December 14, 2022, notable contributions were made to Momentum Academy and Valley Middle School, providing essential sports gear and fitness equipment. The initiative, which has positively impacted over 1 million children since its launch in 2019, emphasizes the importance of school sports in youth development. Donations are facilitated via the education nonprofit DonorsChoose, demonstrating Kellogg's commitment to community support.
Kellogg Company (NYSE: K) has approved a new share repurchase authorization of up to $1.5 billion, effective from January 1, 2023, to December 31, 2025. This initiative aims to counteract dilution from options exercises and stock grants while returning cash to shareholders. The previous authorization of $1.5 billion expired on December 31, 2022. Kellogg emphasizes that these buybacks reflect its commitment to enhance shareholder value and support its stock price.
The 2022 Tony the Tiger Sun Bowl, scheduled for December 30 in El Paso, Texas, will feature a matchup between the University of Pittsburgh and UCLA. The event promotes youth sports via Kellogg's Frosted Flakes and Albertsons Foundation's Mission Tiger program, donating funds to Parkland Pre-Engineering Middle School. This initiative aims to enhance middle school athletics, providing new sports equipment and access to athletes. Since its launch in 2019, Mission Tiger has supported over 1 million children nationwide by improving sports facilities and resources.
Kellogg's Special K introduces three new flavors: Oat Crunch Honey, High Protein, and Zero. These additions aim to cater to diverse consumer preferences for various times and moods. The Oat Crunch Honey features multigrain flakes and vanilla-oat clusters, while the High Protein variety boasts 20g of protein, real almonds, and rich chocolate flavor. The Zero flavor, with zero sugar and 18g of plant-based protein, is keto-friendly. These products will be available in December 2022 at various retailers, with suggested prices ranging from $4.99 to $8.49.
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