Kellanova Stock Price, News & Analysis

Kellogg's has announced the launch of two new products: Kellogg's Krave Double Chocolate Brownie Batter Cereal and Kellogg's Froot Loops with Marshmallows Jumbo Snax, available nationwide starting December 2022. The Krave cereal features a blend of creamy and crispy textures, mimicking brownie batter, priced at $4.29 for 10.5 ounces and $5.29 for 16.2 ounces. The Froot Loops Jumbo Snax combines the fruity cereal with marshmallows, priced at $5.29 for a pack of 12. This introduction aims to cater to consumer preferences for innovative flavors.

Cheez-It is enhancing the college football experience with its 'Feelin' the Cheeziest' initiative, introducing themed hotel rooms and on-field suites for fans and players. These unique offerings at the Cheez-It Bowl will provide immersive, Cheez-It-inspired stays, featuring branded decor and fun elements. Players from the ACC, Big 12, SEC, and Big Ten will experience this novelty through NIL deals, aiming to boost team spirit. The Cheez-It Bowl is set for Dec. 29 and the Citrus Bowl on Jan. 2, 2023, showcasing the brand's commitment to elevating game day excitement.

Kellogg Company emphasizes the need for innovation in the global food system to meet the United Nations Sustainable Development Goal No. 2, which aims to end hunger and improve food security by 2030. With a projected global population of 9.7 billion by 2050, the demand for food is expected to rise by 60%. Kellogg's initiatives, like the Ingrained™ program for rice farmers, focus on sustainable practices and reducing greenhouse gas emissions. The company's Better Days Promise aims to create a positive impact for 3 billion people by 2030.

Kellogg Company has launched a festive campaign encouraging families to swap traditional baked goods for Rice Krispies Treats, as Santa expresses his preference for these treats this holiday season. Running from November 15 to December 10, 2022, the campaign features a sweepstakes where 25 families can win up to $2,000 towards their holiday shopping. Participating is easy: families can make homemade treats and engage on TikTok using #SantaWantsRiceKrispiesEntry. This initiative aims to ease holiday stress while promoting family bonding through treat-making.

Kellogg Company, in partnership with United Way Worldwide, has selected grant winners from the United to Feed Innovation Challenge aimed at promoting sustainable food access. Three finalists received $25,000 each to enhance their initiatives, focusing on food education, waste reduction, and cooking skills for underserved communities. Additionally, two other finalists received $5,000 each for projects aimed at improving food access and addressing local food system gaps. This initiative is part of Kellogg's Better Days ESG strategy, which seeks to ensure equitable food access globally.

Cheez-It has become the title sponsor of the new Cheez-It Citrus Bowl, set for Jan. 2, 2023, at 1 p.m. EST in Orlando. This partnership enhances Cheez-It's commitment to college football, continuing its role as a leading sponsor in NCAA events. The agreement includes exclusive rights, social media content, and in-stadium exposure. Cheez-It's Bowl sponsorships, including the Citrus Bowl and the Cheez-It Bowl, are aimed at engaging college football fans and solidifying brand loyalty. Tickets for both bowls go on sale on Dec. 4, 2022.

Kellogg Company's Global Chief Information Officer, Lesley Salmon, shared insights into fostering a positive workplace culture. She emphasized the importance of continuous learning, purpose-driven resilience, collaboration across teams, and a clear strategy for future growth. Kellogg's recent decision to spin off its North American cereal and plant-based foods businesses aims to enhance consumer engagement. By focusing on inclusivity and employee empowerment, Kellogg aims to strengthen its competitive advantage in the food industry.

Kellogg's promotes its crackers as ideal for creating quick holiday charcuterie boards, enhancing festive gatherings. The press release, dated Nov. 7, 2022, highlights the versatility of Town House, Club, Toasteds, and Carr's crackers, emphasizing their role in making entertaining easy and enjoyable. With a focus on convenience, Kellogg's provides recipe ideas through its website, aiming to inspire consumers to stock up on these limited-edition holiday-themed crackers available at retailers nationwide. Kellogg’s net sales for 2021 reached nearly $14.2 billion, highlighting its strong market presence.