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Touchdown! Cheez-It® increases donation to $300,000 for the College Football Playoff Foundation's Extra Yard for Teachers initiative
Prnewswire· 2024-11-14 15:27
Core Insights - Kellanova's Cheez-It brand is continuing its partnership with the College Football Playoff (CFP) Foundation's Extra Yard for Teachers initiative, donating $300,000 to support educators, marking a $50,000 increase from the previous year [1][2] - The initiative aims to recognize and empower teachers, with a goal of creating better days for 4 billion people by 2030 through Kellanova's Better Days™ Promise [2][7] - During the 2023 college football season, Cheez-It’s previous donation of $250,000 funded 444 projects for 343 teachers across 175 schools, particularly benefiting underfunded schools [3][4] Company Overview - Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods, with net sales of $13 billion in 2023 [6] - The company aims to become the world's best-performing snacks-led powerhouse, leveraging its diverse brand portfolio [6] Partnership Impact - The partnership with the CFP Foundation focuses on supporting PK-12 education by elevating the teaching profession through recognition, resources, recruitment, retention, and professional development [8] - Cheez-It plans to engage college football student-athletes to honor educators and highlight their contributions [4]
Like wine, perfect Kellanova cracker pairings bring spark to holiday parties
Prnewswire· 2024-11-12 14:05
Core Insights - The article emphasizes the importance of crackers as a central element in holiday gatherings, highlighting their potential to enhance the appetizer experience when paired correctly with cheeses and meats [3][4][10] Company Overview - Kellanova is a leader in global snacking, international cereal and noodles, and North America frozen foods, with a legacy of over 100 years [11] - The company reported net sales of $13 billion for 2023 [11] Product Pairing Recommendations - Chef Becca Kapela suggests pairing toasted and buttery crackers with bold cheeses like cheddar and meats such as peppered salami for a familiar approach [4] - For a more elevated experience, flavored crackers can be paired with gourmet items like crème fraîche and smoked trout [5][6] - Specific combinations include Toasteds Flatbread Sea Salt & Olive Oil crackers with burrata cheese, enhancing the flavor profile with truffle-infused condiments [7] - Club Sweet Hawaiian crackers can be paired with cheddar cheese, pork belly, and sage honey for a unique taste experience [9]
Kinross reaffirms 2024 production target, sees strong margins amid rising costs
Proactiveinvestors NA· 2024-11-06 15:57
Group 1 - Proactive provides fast, accessible, informative, and actionable business and finance news content to a global investment audience [2][3] - The news team covers key finance and investing hubs, focusing on medium and small-cap markets, as well as blue-chip companies and broader investment stories [2][3] - Proactive's content includes insights across various sectors such as biotech, pharma, mining, natural resources, battery metals, oil and gas, crypto, and emerging technologies [3][4] Group 2 - The company utilizes technology to enhance workflows and has a team with decades of expertise [3] - Proactive occasionally employs automation and software tools, including generative AI, while ensuring all content is edited and authored by humans [4]
Kellanova Q3 Results: Decent Quarter, And Acquisition By Mars Is Progressing Well
Seeking Alpha· 2024-11-04 18:25
Kellanova (NYSE: K ) recently reported Q3 results, which didn’t do anything to the company’s share price due to the special shareholder meeting that was going to be held the following. I wanted to take a look at the results inMSc in Finance. Long-term horizon investor mostly with 5-10 year horizon. I like to keep investing simple. I believe a portfolio should consist of a mix of growth, value, and dividend-paying stocks but usually end up looking for value more than anything. I also sell options from time t ...
W.K. Kellogg Foundation announces four vice presidents
GlobeNewswire News Room· 2024-11-04 16:19
Core Insights - The W.K. Kellogg Foundation (WKKF) has announced the appointment of four vice presidents to its leadership team in newly established roles, aiming to enhance its strategic impact and operational effectiveness [1][4][10] Group 1: Leadership Appointments - Dr. Felicia DeHaney Russell has been appointed as vice president for strategy, responsible for leading WKKF's national and international grantmaking portfolio, focusing on employment equity, food systems, health equity, and early childhood education [2][6] - Miriam Calderón will serve as vice president for impact, overseeing program portfolios that support knowledge and learning, impact investing, and policy advocacy to achieve WKKF's goals for children and families [4][5] - Sarah Takatani has joined as vice president for technology and integrated services, focusing on enhancing the foundation's systems, data, cybersecurity, and workplace environments through human-centered design and data-driven decision-making [7][9] - Roshell R. Rinkins will take on the role of vice president for transformation and organizational effectiveness, responsible for business process reengineering and organizational performance initiatives [10][12] Group 2: Background of Appointees - Dr. Felicia DeHaney Russell previously served as president and CEO of the National Black Child Development Institute and has extensive experience in early childhood education [3][6] - Miriam Calderón has a strong background in early learning policy, having worked as chief policy officer at ZERO TO THREE and deputy assistant secretary for early learning at the U.S. Department of Education [5][6] - Sarah Takatani has held leadership roles at NextGen Thriving and Save the Children, focusing on technology integration and mission-driven solutions [8][9] - Roshell R. Rinkins has nearly 20 years of experience in supply chain optimization and operations management, previously serving as vice president for grants administration at the Knight Foundation [11][12] Group 3: Foundation's Mission and Focus Areas - The W.K. Kellogg Foundation, established in 1930, is one of the largest philanthropic foundations in the U.S., dedicated to ensuring that all children have equal opportunities to thrive [14][15] - The foundation prioritizes areas with high concentrations of poverty and significant barriers to success for children, focusing on regions in the U.S. such as Michigan, Mississippi, New Mexico, and New Orleans, as well as international efforts in Mexico and Haiti [15]
Kellanova Q3 Earnings Top Estimates, Organic Sales Increase Y/Y
ZACKS· 2024-11-01 12:46
Kellanova (K) delivered third-quarter 2024 results, with both the top and bottom lines coming ahead of the Zacks Consensus Estimate and earnings increasing year over year. While sales declined year over year, the company saw an increase in organic sales. Kellanova’s robust third-quarter results underscore the success of its growth-focused and profitable portfolio strategy.On Aug. 14, 2024, Kellanova unveiled a deal with Mars, Incorporated (a global leader in pet care, snacking, and food), per which Mars wil ...
Kellanova (K) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-31 15:01
Kellanova (K) reported $3.23 billion in revenue for the quarter ended September 2024, representing a year-over-year decline of 17.9%. EPS of $0.91 for the same period compares to $1.03 a year ago.The reported revenue represents a surprise of +2.49% over the Zacks Consensus Estimate of $3.15 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +7.06%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street ex ...
Kellanova (K) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-10-31 14:15
Kellanova (K) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $1.03 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.06%. A quarter ago, it was expected that this the maker of Pringles and other snacks would post earnings of $0.90 per share when it actually produced earnings of $1.01, delivering a surprise of 12.22%.Over the last four q ...
Kellanova Reports 2024 Third Quarter Results
Prnewswire· 2024-10-31 12:00
CHICAGO, Oct. 31, 2024 /PRNewswire/ -- Kellanova (NYSE: K) today published its 2024 third quarter earnings results in documents posted to the company website at https://investor.kellanova.com/financials/quarterly-results/default.aspx. A Current Report on Form 8-K was filed with the U.S. Securities and Exchange Commission and is available on its website at www.sec.gov.About KellanovaKellanova (NYSE: K) is a leader in global snacking, international cereal and noodles, and North America frozen foods with a leg ...
Kellanova Gears Up for Q3 Earnings: Here's What You Should Know
ZACKS· 2024-10-29 14:05
Company Overview - Kellanova (K) is expected to report a decline in both revenue and earnings for the third quarter of 2024, with revenue estimated at $3.2 billion, reflecting a nearly 20% decrease year-over-year [1] - The earnings per share (EPS) consensus estimate remains unchanged at 85 cents, indicating a 17.5% decline from the previous year's quarter [1] Economic Challenges - The company is facing significant economic challenges, including inflationary pressures that are affecting consumer purchasing behavior and rising input costs that are impacting profitability [3] - Industry-wide elasticities are negatively affecting consumer demand in key categories such as snacks and cereals, further complicating the company's performance [3] - Kellanova's international operations expose it to risks associated with unfavorable currency translations, which may have adversely impacted its performance in the upcoming quarter [3] Mitigation Strategies - Despite the challenges, Kellanova is implementing robust product innovations and focusing on expanding key brands to mitigate some of the negative impacts [4] - The company is also strategically pursuing cost-saving initiatives aimed at enhancing profitability and operational efficiency, which may provide some relief in the third quarter [4] Earnings Prediction - The current model does not predict a definitive earnings beat for Kellanova, as it has a Zacks Rank of 2 (Buy) and an Earnings ESP of 0.00% [5]