Kellanova Stock Price, News & Analysis

Kellogg Company, a leader in plant-based foods, emphasizes the importance of healthy soil for sustainable agriculture on World Soil Day, December 5. They aim to support 1 million farmers by 2030 through their Better Days global purpose platform. Since 2015, Kellogg has invested in over 40 sustainable agriculture projects, reaching over 433,000 farmers globally. Their initiatives, like the $2 million Cool Soil Initiative in Australia, focus on soil health, biodiversity, and reducing carbon emissions, aiming to foster a regenerative food system for future generations.

Kellogg Company's Pringles brand has unveiled its first major can redesign in 20 years, featuring bold colors and a modern aesthetic that highlights its unique flavors. The reimagined mascot, Mr. Pringle, now sports a sleek look and a range of emotions. This brand refresh, which took two years to develop, is intended to connect with consumers while maintaining the familiar taste of Pringles. To celebrate, the company has launched a national sweepstakes in partnership with Victor Cruz, offering fans a chance to win $1,500 and new Pringles products. The redesigned products will hit stores in December 2020.

Kellogg Company emphasizes its commitment to providing affordable and accessible nutritious foods, especially in light of the financial challenges faced by many U.S. households due to the pandemic. About 30% of families earn under $35,000 yearly, making budget-friendly options essential. Kellogg's product portfolio is 86% plant-based, including cereals and snacks, and offers meals costing less than $4. The company supports nutritional assistance programs and has donated millions of meals through its Better Days initiative while maintaining active engagement with government stakeholders.

Kellogg Company, through a partnership with The Nature Conservancy, has initiated a project to support Arkansas rice farmers by installing irrigation timers on 30 farms across 15,000 acres. This initiative is part of Kellogg's commitment to assist 1 million farmers by 2030, aiding in water conservation efforts in critical groundwater areas. The timers are estimated to save 9 billion gallons of water annually, addressing the decline of the Mississippi Valley Alluvial Aquifer, which currently has only 10% of its water resources left. This effort highlights Kellogg's dedication to sustainable farming practices.

Roughly 300 million children are facing hunger without school meals due to the COVID-19 pandemic. The Global FoodBanking Network's study reports that food banks are crucial, serving 3.49 million school-age children across 30 countries. Before the pandemic, 73 million vulnerable children were not receiving school meals. Kellogg is a founding partner of GFN and emphasizes the need for government and private sector investment in school-based feeding programs to combat childhood hunger. Successful models exist, like FoodForward South Africa, which serves thousands of children daily.

Kellogg Company is launching a new collection of spicy crisps called Pringles Scorchin', featuring three flavors: Cheddar, BBQ, and Chili & Lime. Each flavor combines familiar tastes with an added kick of heat, aiming to attract heat-loving snack fans. The new lineup will retail for $1.99 for a 5.5oz can and will see a limited retail release starting in December 2020, with full availability planned for 2021.

Kellogg's Crackers, including Town House, Club, Toasteds, and Carr's, is simplifying holiday celebrations by offering curated DIY meat and cheese platter recipes. These recipes promote easy preparation for gatherings amid a different holiday season. Zach Wyer, Director of Brand Marketing, emphasizes the convenience of their products. Kristin Chenoweth is collaborating with Kellogg's to inspire festive creativity with simple platters. From November 9, fans can find Chenoweth's recipes on her social media and on Kellogg's Family Rewards website as they gear up for the holiday season.

Kellogg Company (NYSE: K) reported its 2020 third quarter earnings on October 29, 2020. The financial documents include the press release, GAAP reconciliations, and presentation slides, available on their website. A live webcast featuring CEO Steve Cahillane and CFO Amit Banati reviewing these results is scheduled for 9:30 AM EDT. The webcast will also be rebroadcast for 90 days. In 2019, Kellogg's net sales were approximately $13.6 billion, focusing on snacks and convenience foods.