Kellanova Stock Price, News & Analysis

Kellogg Company (NYSE: K) has appointed a new leadership team for North America Cereal Co., effective upon completion of its planned separation by the end of 2023. Gary Pilnick, a 22-year Kellogg veteran, has been named Chief Executive Officer. The team includes experienced leaders in key positions, enhancing strategic focus and operational flexibility to unlock growth potential. The separation aims to position North America Cereal Co. as a leader in the cereal market across the U.S., Canada, and Caribbean with a projected net sales of $2.4 billion.

Kellogg's Frosted Flakes and Tony the Tiger are collaborating with Twitch to create an interactive event, the GR-R-REAT CEREAL BOWL OF GR-R-REATNESS, scheduled for August 19, 2022. This marks the first time a brand mascot transforms into an interactive VTuber, engaging with gamers in a live streaming format. The event will feature popular streamers and allow fans to participate through polls and chat. With over 31 million daily visitors, this innovative campaign aims to connect with new audiences and enhance engagement.

Kellogg's introduces a new seasonal product: Rice Krispies Shocking Orange Colored Cereal. Available starting August 2022, this vibrant cereal caters to Halloween and fall festivities. It retains the classic flavor and crispy texture of original Rice Krispies, making it easy to integrate into treat-making and breakfast. Priced at $4.49 for a 7.50-ounce box and $5.49 for a 12-ounce box, the product aims to inspire creativity in seasonal recipes. The launch responds to the popularity of Halloween-themed treats, making it a timely addition for families looking to celebrate.

Kellogg is committed to creating better days for 3 billion people by 2030, having already impacted over 1.3 billion lives since 2015. Their latest ESG report, released on Aug. 9, 2022, highlights significant achievements, including nourishing 800 million people and supporting 445,000 farmers. The company focuses on sustainable food access, aiming to feed 375 million in need and ensuring workforce diversity. Kellogg's initiatives include donations to summer meal programs, addressing food insecurity, particularly among children. The company's strong ESG results align with its commitment to social impact and business outcomes.

Kellogg Company (NYSE: K) announced its 2022 second quarter earnings results on August 4, 2022. The details are available on their investor relations website. The company also filed a Current Report on Form 8-K with the U.S. Securities and Exchange Commission. A live webcast featuring CEO Steve Cahillane and CFO Amit Banati will discuss these results, followed by a Q&A session with analysts. The webcast and supporting presentation materials can be accessed online.

Kellogg Company (NYSE: K) has declared a quarterly dividend of $0.59 per share, marking a 2% increase from previous dividends. The payment is set for September 15, 2022, with a record date of September 1, 2022. The ex-dividend date is August 31, 2022. This will be the 391st dividend paid by Kellogg since 1925. In 2021, the company reported nearly $14.2 billion in net sales, primarily from snacks and convenience foods.

Kellogg Company (NYSE: K) will announce its 2022 second quarter financial results on August 4, 2022, at 8:00 am EDT. The press release, financial tables, and presentation materials will be accessible on their investor website. A live webcast will follow at 9:30 am EDT, featuring CEO Steve Cahillane and CFO Amit Banati. A Q&A session will be conducted with analysts, and a transcript will be available within 24 hours. The webcast will also be rebroadcasted for 90 days post-event.

Kellogg's announces the launch of its new Apple Jacks® Slime cereal in collaboration with Nickelodeon, available for a limited time starting July 2022. Priced at $4.49 for an 8.2-ounce box, this cereal features sweetened orange and green loops with a green apple flavor that turns milk bright green. Directors from Kellogg and Paramount express excitement over this nostalgic product aimed at both kids and adults. The launch embodies a playful blend of Kellogg's offerings and Nickelodeon's iconic Slime brand, enhancing breakfast experiences for families.