U.S. Corn Flakes Creator Kellogg Bought By Italian Candy Maker Ferrero For $3.1 Billionhttps://t.co/UcScLcYgvz https://t.co/WSwE8PVJFS ...

Ferrero agreed to acquire Kellogg for an enterprise value of $3.1 billion, pushing the Italian family-owned candy business further into the lucrative US market https://t.co/8ZWaecXEM5 ...

Group 1 - Kinross Gold Corporation will release its financial statements and operating results for Q2 2025 on July 30, 2025, after market close [1] - A conference call and audio webcast to discuss the results will be held on July 31, 2025, at 8:00 a.m. EDT [1] - The company operates globally with projects in the United States, Brazil, Mauritania, Chile, and Canada [2] Group 2 - Kinross focuses on responsible mining, operational excellence, disciplined growth, and maintaining a strong balance sheet [2] - The company is listed on the Toronto Stock Exchange (symbol: K) and the New York Stock Exchange (symbol: KGC) [2] - Media and investor relations contacts are provided for further inquiries [3]

Core Insights - Kellanova's survey reveals that Cheez-It and Pringles are the top favorite snack brands for summer road trips among U.S. adults [1][2][3] - The survey indicates that snacking preferences vary significantly across different generations and regions [3][4][6] Generational Snacking Preferences - Gen Z prefers adventurous flavors like sour and spicy, often traveling with friends and valuing shareability [6] - Millennials gravitate towards tangy flavors, focusing on family-friendly snacks, with 40% of respondents noting their kids snack frequently during trips [6] - Gen X enjoys a variety of snacks, favoring sweet, salty, and chocolatey options, typically traveling with a buddy [6] - Boomers also prefer salty, sweet, and chocolatey snacks, often traveling solo or with a partner, and are more likely to purchase snacks during stops [6] Regional Snacking Habits - The South tends to stock up on salty, sweet, and chocolatey snacks during their journeys [6] - Northeasterners are more inclined to choose creamy-flavored snacks compared to Midwesterners, with one-third of Midwesterners ranking cheesy snacks in their top three [6] - Residents of the Mountain West and Pacific Coast are less likely to plan snacks, preferring whatever is available, but still favor salty, sweet, and chocolatey flavors [6] Company Overview - Kellanova is a leader in global snacking, with a diverse portfolio of brands including Pringles, Cheez-It, and Pop-Tarts, and reported net sales of $13 billion in 2023 [7]

Investment Rating - The report indicates a solid total food sales growth of +2.8%/+3.2% year-over-year for the latest 4 weeks and 12 weeks, aligning with the long-term trend of low single-digit growth [1][6]. Core Insights - Total food sales growth is primarily driven by pricing, although there is a noted decline in volumes across most packaged food categories, with HSY being an exception due to pricing support [1][9]. - All companies within the coverage have lost market share in their top categories, indicating competitive pressures [1][10]. Department & Category Detail - Total food sales increased by +2.8% year-over-year in the latest 4 weeks, with private label products leading in most categories [2]. - Total equivalent (EQ) units decreased by -0.5% year-over-year, with branded products slightly outperforming private label products [2][5]. - Yogurt and packaged coffee showed the highest sales growth at +13.5% and +13.4% year-over-year, respectively, with private label sales growth strongest in snack/variety packs, meal combos, and packaged coffee [5][7]. Company Performance - CAG reported a sales decline of -1% year-over-year, driven by lower prices, while volumes remained flat [9]. - GIS experienced a -2% year-over-year sales decline, attributed to lower volumes [10]. - HSY saw a sales increase of +5% year-over-year, supported by higher prices and volumes [11]. - K reported a -3% year-over-year sales decline, primarily due to lower volumes [12]. - KHC's sales declined by -4% year-over-year, with lower volumes impacting performance [13]. - MDLZ reported a -1% year-over-year sales decline, driven by lower prices [14]. - SFD experienced a -1% year-over-year sales decline, although packaged lunchmeat showed strong growth [15].

Core Insights - The collaboration between Cheez-It and Wendy's introduces a limited-edition product: Cheez-It x Wendy's Baconator crackers, combining the flavors of Wendy's Baconator with Cheez-It's signature crunch [1][2][3] Company Overview - Kellanova, the parent company of Cheez-It, reported net sales of $13 billion for 2023 and aims to become a leading snacks-led powerhouse [5] - Wendy's operates over 7,000 restaurants globally and is known for its fresh, made-to-order food, including the popular Baconator burger [7] Product Details - The new Baconator crackers will be available nationwide starting July 2025, with an exclusive bundle available on CheezIt.com that includes a Wendy's Frosty keychain [3] - The product features 100% real cheese and Applewood smoked bacon flavor, aiming to deliver a full burger experience in a snack format [2][3] Marketing and Promotions - The partnership aims to surprise Cheez-It fans with a unique flavor experience, leveraging the popularity of both brands [2] - A promotional offer includes a $2 discount on a Baconator sandwich through the Wendy's app for customers who purchase the new crackers [4][8]

Cheez-It is bringing the spirit with its Flag Summer crackers and their saucy collaboration with Palermo's Pizza, both of which are available for a limited time. You can also dive headfirst into summer with a limited-time lineup of floaties that are ready to ride the snack wave. Look for: A Summer Floatie Giveaway (how to enter a chance to win) A DTC-exclusive floatie for superfans to score online A licensed Cheez-It floatie at major retailers including Target  Town House Toasts to Patriotic SnackingTown Ho ...

Core Insights - RXBAR has launched a new high-protein bar, RXBAR High Protein, featuring 18g of protein and only six recognizable ingredients, aimed at providing a better-tasting and simpler option in the protein bar market [1][2] - The brand emphasizes transparency and quality, positioning itself against overprocessed products with its new platform "Proud Sponsor of No B.S." [2] - The RXBAR High Protein is available in two flavors: Strawberry Peanut Butter and Vanilla Peanut Butter, designed based on consumer feedback and flavor nostalgia [3][4] Product Details - RXBAR High Protein contains 18g of protein, with pea protein as a key ingredient for texture and nutritional value, and peanut butter for flavor [5] - A new flavor, Lemon Honey Cashew Butter, has been introduced to the RXBAR Nut Butter & Oat lineup, featuring 10g of protein and 18g of whole grains, designed to be a lighter snack option [5][6] - All products are currently available at select Target stores and online, with plans for broader retail distribution [6] Market Context - Consumer preferences indicate that taste is a top priority for high-protein bar buyers, yet studies show that less than half perceive these products as tasty [7] - Kellanova, the parent company of RXBAR, reported net sales of approximately $13 billion for 2024 and aims to become a leading snacks-led powerhouse [8] - Kellanova is committed to promoting sustainable food access and aims to create better days for 4 billion people by 2030 [9]

Core Insights - Kinross Gold Corporation published its 2024 Sustainability Report, highlighting significant progress in its Sustainability Strategy and commitment to responsible mining [2][3] Group 1: Sustainability Performance - The company generated a total economic benefit of $4.0 billion to host countries through various contributions, including $416 million in government payments, $680.7 million in wages, $2.9 billion in procurement, and $13 million in community support [6] - Since 2010, Kinross has contributed $54 billion to the economies of its host countries [6] - The company maintained a low injury frequency rate and engaged over 12,000 employees and business partners in the Safety Excellence Program [6] Group 2: Workforce and Community - Kinross achieved 99% local employment within its workforce, with approximately 93% of management positions filled by individuals from host countries, marking a 1% increase from 2023 [6] - Gender diversity improved, with 22% female representation in senior management and 25% in Senior Leadership Team positions [6] - The company completed over 58,000 stakeholder engagements, including with local communities and indigenous peoples [6] Group 3: Environmental Stewardship - Kinross maintained best-in-class tailings management standards with a 32-year record of zero tailings breaches [10] - The company recycled 75% of water at operating mine sites and reclaimed 95 hectares of land in 2024 [10] - The Tasiast solar power plant generated 50,615 MWh of clean energy, representing 17% of total electrical power at the site [10] Group 4: Recognition and Reporting Standards - Kinross received high rankings in sustainability, including recognition in the S&P 2025 Global Sustainability Yearbook and a score in the 94th percentile in Moody's ranking [5] - The 2024 Sustainability Report included independent assurance of 49 performance metrics and aligned with various international reporting standards [4]

Core Insights - Artificial intelligence is significantly transforming the workplace, with companies like Kellanova actively preparing their workforce for this change [1][2] Group 1: AI Integration and Workforce Preparation - Kellanova is focusing on upskilling its workforce to leverage AI technologies, enhancing productivity and creativity through tools like AI-powered chat assistants [3][4] - The company promotes a culture of experimentation with initiatives like "Kuriosity Clinics," which have attracted over 10,000 participants, fostering engagement and innovative ideas [5] - Kellanova's Global Chief Technology Officer emphasizes the rapid evolution of AI, presenting new growth opportunities across various business functions [6] Group 2: Data-Driven Strategies - The 'Better Data, Bigger Possibilities' framework aims to enhance transparency and collaboration, leading to a 30% increase in first-party data through initiatives like Pringles Poptopia [7][9] - Kellanova is utilizing clean room technology for actionable audience segmentation, which may drive sales growth [15] Group 3: Enhancing Workplace Productivity - The company is deploying predictive analytics and digital twins to streamline operations, moving beyond isolated AI pilots to strategic implementations across multiple functions [10][16] - Kellanova is committed to creating a digital workplace characterized by intelligence and flexibility, emphasizing the importance of human-technology partnerships [11]