Kellanova Stock Price, News & Analysis

Kellanova (NYSE: K) will release its 2024 second-quarter financial results on Thursday, August 1, 2024, at 8:00 am ET. Key documents, including the press release, financial tables, GAAP reconciliations, recast results for discontinued operations, and presentation slides, will be accessible on the company's investor website. A live webcast featuring Kellanova's executive team, including Steve Cahillane and Amit Banati, will follow at 9:30 am ET, discussing the results and addressing analysts' questions. The webcast will be rebroadcast starting at 1:00 pm ET the same day and will be available for 90 days. Additionally, a podcast of the audio will be available for download on August 2 at 1:00 pm ET.

Kellanova, formerly known as Kellogg Company, released a new multi-country study highlighting key factors job seekers prioritize in the workplace. The survey, titled 'What About Me? Attracting Top Talent in a Shifting Job Market,' involved 3,500 respondents from the U.S., Canada, U.K., Mexico, Australia, and India. Findings revealed that 95% of job seekers seek employers that recognize and reward their impact, while 63% value workplace flexibility and career development. Additionally, 92% prioritize their wellbeing, with paid time off and healthcare benefits being crucial. The research also underscores the importance of continuing education and skills-based training, particularly among students.

Kellanova's new 'Culture of Best' initiative focuses on integrity, accountability, and courage. The company aims to enhance its workplace culture by offering flexible working options, comprehensive benefits, and learning programs like the Tigerhall platform. The survey results support Kellanova's vision to create an inclusive and high-performing work environment.

Cheez-It and Hidden Valley Ranch have announced a new collaboration, introducing ranch-flavored Cheez-It crackers. This product combines the popular Cheez-It crackers with the zesty taste of Hidden Valley Ranch. The new crackers will be available for purchase starting in July, with daily drops available from June 25 to July 1 on Cheez-It's website, featuring free two-day shipping with a special code. The product is a response to fan demand and aims to satisfy cravings for a savory, bold snack. Follow Cheez-It and Hidden Valley Ranch on social media for updates.

Kellanova's Pop-Tarts brand achieved a significant milestone by winning the Grand Prix for Brand Experience & Activation at the 2024 Cannes Lions International Festival of Creativity. This award, the first of its kind, recognized the innovative 'Edible Mascot' campaign executed in collaboration with Weber Shandwick, Florida Citrus Sports, Publicis, and others. The campaign made Pop-Tarts a central figure in college football bowl season, capturing over 80% of game-related coverage, generating 4 billion impressions, and acquiring $1 million in first-party data. The campaign also achieved 15 times more brand mentions compared to other non-Kellanova sponsored bowl games. Kellanova attributes this success to strategic creativity and collaboration, setting a new benchmark in the industry.

Kellanova, formerly Kellogg Company, has shared insights from its ongoing AI-driven marketing strategy. The company emphasizes that AI is not magic but a tool to enhance consumer engagement and business outcomes. Key strategies include focusing on customer experience, addressing specific business goals, and upskilling teams to leverage AI effectively. Kellanova has seen tangible benefits from AI in areas such as growth forecasting, media optimization, and audience targeting. The company aims to become a data-driven organization, using AI to transform marketing and consumer interactions. With AI projected to dominate 80% of marketing by 2030, Kellanova is positioning itself to outperform competitors by integrating AI deeply into its operations.

Kellanova's Chief Technology Officer, Ramesh Kollepara, shared insights on the company's AI strategy at the LEAP 2024 tech conference in Saudi Arabia. Kellanova aims to drive business success through AI by equipping its workforce with relevant skills via its YODA program. The company is focusing on technical, soft, and industry-specific skills. They are also establishing AI guardrails by converting business problems into data problems, ensuring governance, and maintaining clean data. Their 'Kuriosity Clinics' have engaged nearly 6,000 employees in exploring AI. These efforts have optimized supply chains, improved e-commerce, and enhanced consumer insights.

Taco Bell and Kellanova have partnered to launch the Big Cheez-It Crunchwrap Supreme and the Big Cheez-It Tostada. Both items feature a Cheez-It cracker that is 16 times larger than the original. The Big Cheez-It Crunchwrap Supreme includes seasoned beef, nacho cheese sauce, lettuce, sour cream, and tomatoes, wrapped in a tortilla. The Big Cheez-It Tostada includes seasoned beef, tomatoes, lettuce, shredded cheese, and sour cream atop the oversized cracker. These items will be available to Taco Bell Rewards Members via the app from May 30 and nationwide from June 6.

Kellanova (NYSE: K) will host two significant fireside chats in June 2024. The first event will be at Deutsche Bank's dbAccess Global Consumer Conference in Paris, live-streamed on June 6 at 2:30 AM EST (8:30 AM CEST). The second event will take place at Evercore ISI's Consumer and Retail Conference on June 11 at 9:30 AM EST. Both sessions will feature Steve Cahillane, the company's Chairman, President, and CEO. Replays and transcripts will be available on Kellanova's investor website.

Kellanova and Albertsons have partnered to combat food insecurity in southern Montana, specifically aiding Billings Public Schools. Kellanova has donated $15,000 to the Education Foundation for Billings Public Schools to support summer meal programs for students. Over 7,000 students rely on school meals for daytime nutrition, with more than 1,000 receiving weekend and evening nutrition through BackPack meals or school pantries each week. The funds will bolster the district's Munch Mobile, a van distributing meals, books, and hygiene products to 200 students weekly during summer. This initiative is part of Kellanova's Better Days™ Promise, aiming to feed 400 million people in need by 2030.