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Unveiling Kellanova (K) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-28 14:21
Wall Street analysts expect Kellanova (K) to post quarterly earnings of $0.85 per share in its upcoming report, which indicates a year-over-year decline of 17.5%. Revenues are expected to be $3.15 billion, down 20% from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe. Prior to a company's earnings release, it is of utmost ...
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger and Looming Vote on November 1, 2024, of Kellanova - K
Prnewswire· 2024-10-11 17:55
NEW YORK, Oct. 11, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Kellanova (NYSE: K), relating to its proposed merger with Mars, Inc. Under the terms of the agreement, Kellanova common stock will be automatically converted into the right to receive $83.50 ...
Kellanova Has it All This Fall: Flavor and Fun with Satisfying Snacks and a Toasty Halloween Costume
Prnewswire· 2024-10-11 12:02
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 [9] - The company aims to become the world's best-performing snacks-led powerhouse, leveraging its differentiated brands and passionate workforce [9] - Kellanova reported net sales of $13 billion for 2023 [9] Product Launches and Seasonal Offerings - Pop-Tarts has reintroduced its seasonal Pumpkin Pie flavor, featuring spiced pumpkin filling and a frosted crust, ideal for fall [1] - Pringles is launching limited-edition Glow-in-the-Dark cans and Halloween Snack Stacks, designed for festive occasions [3] - Cheez-It is offering Halloween Snack Pack Trick-or-Treat pouches, featuring classic cheesy snacks in festive packaging [4] - Rice Krispies Treats are available in Mini Squares with Halloween designs, allowing for creative snack-making [5][6] - RXBAR has introduced a Pumpkin Spice flavor, made with real pumpkin and wholesome ingredients, providing a nutritious snack option [8] Corporate Social Responsibility - Kellanova is committed to promoting sustainable and equitable food access, aiming to create Better Days for 4 billion people by 2030 [10]
PRINGLES® EMBRACES THE NATION'S LATEST FOOD OBSESSION WITH THE RETURN OF PRINGLES DILL PICKLE
Prnewswire· 2024-10-09 13:06
In response to countless requests, Pringles Dill Pickle is back, along with more beloved Pringles flavors CHICAGO, Oct. 9, 2024 /PRNewswire/ -- Pickle Nation – this is a big dill! With an 86% surge in posts surrounding dill pickle in the past eight months1 and #pickletok racking up hundreds of millions of social media views2, the snacking innovators at Pringles® are giving the nation what they're craving — the return of Pringles® Dill Pickle. That's right — after two years of fans' pleas and on the heels of ...
Kellanova's Ongoing Efforts to Create an Inclusive Workplace Recognized by Seramount's Global Inclusion Index
Prnewswire· 2024-10-08 15:22
Core Insights - Kellanova has achieved a significant milestone in Equity, Diversity, and Inclusion (ED&I) by having all four of its regions recognized on the 2024 Seramount Global Inclusion Index for the second consecutive year, validating its commitment to inclusion across 17 countries [1][2][3] Group 1: Recognition and Impact - The Seramount Global Inclusion Index serves as a benchmark for companies making progress in demographics, retention, advancement, and corporate culture, highlighting Kellanova's efforts to ensure every employee feels valued [2][4] - Sam Thomas-Berry, VP of Talent & Chief Diversity Officer, emphasized that this recognition reflects the organization's commitment to creating a workplace where diverse perspectives are celebrated, contributing to a more inclusive culture [3][4] Group 2: Commitment to Better Days Promise - Kellanova's achievement is aligned with its Better Days Promise, which aims to positively impact 4 billion people by 2030, focusing on building inclusive workplaces that benefit communities and consumers globally [3][6] - The company is dedicated to promoting sustainable and equitable food access, addressing issues of hunger, sustainability, and well-being as part of its broader mission [6] Group 3: Company Overview - Kellanova, listed on NYSE as K, is a leader in global snacking, international cereal and noodles, and North American frozen foods, with net sales of $13 billion in 2023 [5]
POP-TARTS® TURNS UP THE VOLUME (LITERALLY!) ON FOOD MEETS FASHION WITH DEBUT OF THE LIMITED-EDITION 'POP-TARTS CRUNCHY POPPERS PULLOVER' IN CELEBRATION OF LATEST INNOVATION
Prnewswire· 2024-10-01 12:00
Core Insights - Pop-Tarts has launched the Crunchy Poppers Pullover, a unique jacket that celebrates the brand's new crunchy snack, the Pop-Tarts Crunchy Poppers [1][2][4] - The collaboration with designer Andrew Burgess (@Wandythemaker) emphasizes a blend of fashion and food culture, particularly in the context of the upcoming Pop-Tarts Bowl [2][4][5] Product Details - The Crunchy Poppers Pullover features reinforced fabrics that create a crunching sound, gemstone "crunchlettes" on the sleeves, and comes in two colorways inspired by the flavors of Crunchy Poppers: Frosted Strawberry Crunch and Frosted Brownie Crunch [3] - Each jacket includes functional pockets, allowing fans to carry their snacks conveniently [3] Marketing and Sales Strategy - The jackets will be available for purchase starting October 4, 2024, at a price of $120, with a limited supply [5] - The brand aims to integrate itself into football culture, promoting the jackets in conjunction with the Pop-Tarts Bowl scheduled for December 28, 2024 [5] Company Background - Kellanova, the parent company of Pop-Tarts, reported net sales of $13 billion for 2023 and is focused on becoming a leading snacks-led powerhouse [6] - The company has a legacy of over 100 years and includes a diverse portfolio of brands such as Pringles, Cheez-It, and Eggo [6]
Chicago Chef Teams up with MorningStar Farms® for National Vegetarian Month
Prnewswire· 2024-09-24 13:00
Core Insights - Chef Aboujamra has introduced a new limited-time dish called "Angry Chik'n," featuring MorningStar Farms® plant-based protein, which will be available throughout October [1][2][3] - The dish includes Chik'n Tenders coated in smoky harissa mayo, served with sumac fries, and garnished with Aleppo chili flakes and fresh parsley, offering a blend of savory, spicy, and tangy flavors [2][3] - MorningStar Farms® is recognized as a leader in the plant-based category, responding to the increasing demand for plant-forward dining experiences that appeal to a wide range of consumers [3][4] Company Overview - MorningStar Farms® provides a variety of plant-based products, allowing foodservice operators to meet the growing demand for plant-based dining options [6] - Kellanova, the parent company of MorningStar Farms®, reported net sales of $13 billion for 2023 and aims to become a leading snacks-led powerhouse [9] Chef Background - Chef Aboujamra, a first-generation Lebanese American, has a diverse culinary background influenced by Lebanese, Mexican, and Midwestern food cultures [5][7] - He opened Evette's in 2020, which combines Mediterranean and Mexican culinary traditions, and has plans to expand his gourmet sandwich shop, All Too Well, to Los Angeles in 2025 [5][8]
RXBAR AND MATT JAMES SERVE UP YOUR DOSE OF NO B.S. MOTIVATION WITH AR-SCANNABLE PACKAGING
Prnewswire· 2024-09-17 13:00
From stretches to training tips, RXBAR packaging now unlocks motivational messages in augmented reality (AR) experience. CHICAGO, Sept. 17, 2024 /PRNewswire/ -- The iconic RXBAR® packaging – with its list of simple ingredients and "No B.S." – now comes with another perk: motivation. For the first time ever, RXBAR is harnessing the power of augmented reality (AR) to bring the virtual and real worlds together in the No B.S. Motivator experience. This immersive experience turns fan-favorite bars into pocket-si ...
Kellanova's Cheez-It® Brand Arrives in the UK & Ireland to Delight European Tastebuds
Prnewswire· 2024-09-10 14:00
Core Insights - Kellanova has launched its Cheez-It snacks in nearly 7,000 grocery stores across the UK and Ireland, featuring a reformulated recipe tailored to European taste preferences [1][2] - The Cheez-It brand is recognized as a billion-dollar global snacks brand, with ambitions to drive category growth in Europe [3][4] Product Details - Cheez-It Snap'd is introduced with an extra thin, crispy texture and made with 100% real cheese, reduced sodium, and saturated fat to meet European nutritional guidelines [6][7] - The product is available in three flavors: Double Cheese, Cheese & Chilli, and Cheese, Sour Cream & Onion, with various pack formats to cater to different consumer needs [6][3] Marketing Strategy - Kellanova is supporting the launch with a nearly $20 million integrated marketing campaign across multiple channels, including TV, social media, and radio, aimed at creating brand engagement [4][5] - The campaign is designed to highlight Cheez-It's unique sensory experience and to generate consumer awareness [4] Market Insights - A survey indicated that 20% of European adults consume cheese daily, with a growing demand for spicy flavors, evidenced by a 23% growth in spicy flavor preferences from 2019 to 2023 [5][6] - Kellanova's strategy reflects a commitment to local consumer preferences and adherence to health standards, aligning with its global mission to support wellbeing [7][8] Company Overview - Kellanova, a leader in global snacking, reported net sales of $13 billion in 2023 and aims to become the world's best-performing snacks-led powerhouse [8][9] - The company is committed to promoting sustainable food access and aims to create better days for 4 billion people by 2030 [9]
STOCKHOLDER INVESTIGATION: The M&A Class Action Firm Investigates the Merger of Kellanova - K
Prnewswire· 2024-08-22 00:35
NEW YORK, Aug. 21, 2024 /PRNewswire/ -- Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered money for shareholders and is recognized as a Top 50 Firm in the 2018-2022 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating Kellanova (NYSE: K), relating to its proposed merger with Mars, Inc. Under the terms of the agreement, all Kellanova common stock will be automatically converted into the right to receive $83 ...