Kellogg's

This Week in Policy & Public Interest News: 11 Stories You Need to See

Retrieved on: 
Friday, August 11, 2023

NEW YORK, Aug. 11, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists covering the policy and public interest industries stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.

Key Points: 
  • A roundup of the week's most newsworthy policy and public interest press releases from PR Newswire, including Kroger and Kellogg's initiative to fight food insecurity.
  • NEW YORK, Aug. 11, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire.
  • To help journalists covering the policy and public interest industries stay on top of the week's most newsworthy and popular releases, here's a roundup of stories from the week that shouldn't be missed.
  • The list below includes the headline (with a link to the full text) and an excerpt from each story.

The Week in Press Releases: 10 Stories You Need to See

Retrieved on: 
Friday, August 11, 2023

NEW YORK, Aug. 11, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed.

Key Points: 
  • A roundup of the most newsworthy press releases from PR Newswire this week, including a Pop-Tarts x Crocs collab and PayPal's stablecoin launch.
  • NEW YORK, Aug. 11, 2023 /PRNewswire/ -- With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire.
  • Click on the press release headlines to access accompanying multimedia assets that are available for download.
  • Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines , features regular media news roundups, writing tips, upcoming events, and more.

KELLOGG COMPANY UNVEILS STRATEGIES AND FINANCIAL OUTLOOKS FOR KELLANOVA AND WK KELLOGG CO AT INVESTOR DAY

Retrieved on: 
Wednesday, August 9, 2023

At that time Kellogg Company will separate into Kellanova (NYSE: K) and WK Kellogg Co (NYSE: KLG), with existing Kellogg shareowners receiving shares in the new WK Kellogg Co

Key Points: 
  • At that time Kellogg Company will separate into Kellanova (NYSE: K) and WK Kellogg Co (NYSE: KLG), with existing Kellogg shareowners receiving shares in the new WK Kellogg Co
    Kellanova will feature a growth-oriented portfolio that is weighted toward snacks and emerging markets, and is led by highly differentiated brands with considerable opportunity for expansion; it projects net sales of approximately $13.4-13.6 billion and adjusted-basis EBITDA1 of approximately $2.25-2.3 billion3 in 2024
    Building on a foundation of iconic brands and a leading share position in North American cereal, WK Kellogg Co will focus and integrate its commercial execution and modernize its supply chain, which it expects will result in improved competitiveness, profitability, and cash flow; it projects net sales of approximately $2.7 billion and adjusted-basis EBITDA1 of approximately $255-265 million3 in 2024
    Over the next three years, WK Kellogg Co expects to improve its adjusted-basis EBITDA margins by 500 basis points3 by the end of 2026, through supply chain modernization and a stable top-line trajectory
    BATTLE CREEK, Mich., Aug. 9, 2023 /PRNewswire/ -- Kellogg Company (NYSE: K) today will host an investor day in which the management teams of Kellanova and WK Kellogg Co will meet with analysts and investors to unveil their respective strategies, capital structures, and financial outlooks, ahead of their planned separation during the fourth quarter of 2023.
  • "We are excited to be able to share the strategies and financial outlooks for what will be two outstanding companies after the spin-off," stated Steve Cahillane, Kellogg Company's Chairman and Chief Executive Officer.
  • "We've discussed previously the benefits of enhanced focus and fit-for-purpose strategies for both standalone companies, and today we will share how these benefits translate into improved financial performance and shareowner value."

Kroger and Kellogg Company Join Forces to Fight Food Insecurity

Retrieved on: 
Friday, August 4, 2023

CINCINNATI, Aug. 4, 2023 /PRNewswire/ -- Kellogg Company and Kroger have teamed up to tackle hunger in the communities they serve by donating $35,000 to Greater Cincinnati's Freestore Foodbank, whose vision is to create a hunger-free, healthy, and thriving community.

Key Points: 
  • "Kroger is committed to ending hunger in the communities in which it operates by improving access to fresh food for everyone," said Jenifer Moore, Corporate Affairs Manager of the Cincinnati-Dayton Division, Kroger.
  • "With the generosity of brands like Kellogg Company, Kroger is able to partner with Feeding America and local food banks to support hunger-relief programs that are making a difference in the neighborhoods Kroger calls home."
  • Food insecurity exists in every county in the United States.1 In 2021, 53 million Americans utilized food banks.1
    "With 34 million people in America not knowing where their next meal will come from, the need to help feed and fulfill continues," said Carrie Sanders, General Manager of Portable Wholesome Snacks, Kellogg Company.
  • Since 2015, Kellogg has fed more than 252 million people facing hunger and reached more than 5 million children through feeding programs.

Kellogg, Meijer celebrate young Black farmers making an impact in Michigan

Retrieved on: 
Friday, August 4, 2023

BATTLE CREEK, Mich., Aug. 4, 2023 /PRNewswire/ -- Since 2019, Kellogg Company and Meijer, two iconic Michigan-based organizations, have partnered to promote and support farming and young farmers in the Midwest through the "Kellogg's Rooted in the Midwest" campaign. This year, the companies shone a light on Black farmers in southwest Michigan who are making an impact on their communities.

Key Points: 
  • This year, the companies shone a light on Black farmers in southwest Michigan who are making an impact on their communities.
  • As deep-rooted Midwest companies, Kellogg and Meijer are committed to supporting young farmers in southwest Michigan through donations and employee volunteering.
  • "We partner with Meijer not only as good neighbors in our home of Michigan, but to demonstrate our shared commitment to the state and the young farmers who will continue to make it an agricultural powerhouse."
  • Earlier this year, Kellogg and Meijer announced a partnership with The National Young Farmers Coalition , providing funding to support their work to shift power to, and equitably resource, the next generation of working farmers, particularly farmers of color.

Myeloma Support Group Leader Jack Aiello and Global Finance & Strategy Leader Sanjay Singh Elected to International Myeloma Foundation Board of Directors

Retrieved on: 
Thursday, July 27, 2023

LOS ANGELES, July 27, 2023 (GLOBE NEWSWIRE) -- The International Myeloma Foundation (IMF) today welcomed two of its newest Board Members: Myeloma Support Group Leader and 28-year myeloma survivor Jack Aiello, and Global Finance and Strategy Leader and 2-year myeloma survivor Sanjay Singh.

Key Points: 
  • LOS ANGELES, July 27, 2023 (GLOBE NEWSWIRE) -- The International Myeloma Foundation (IMF) today welcomed two of its newest Board Members: Myeloma Support Group Leader and 28-year myeloma survivor Jack Aiello, and Global Finance and Strategy Leader and 2-year myeloma survivor Sanjay Singh.
  • “Jack’s prominent standing and respect within the myeloma patient circle makes his presence on the IMF Board of Directors even more significant.
  • As a patient member of the SWOG NCI cooperative group Myeloma Committee, Jack helped design myeloma clinical trials which are meaningful and useful for patients.
  • Jack has led the San Francisco Bay Area Support Group Multiple Myeloma for 20 years, and always stresses [the importance of] education and self-advocacy.

KELLOGG COMPANY FILES FORM 10 REGISTRATION STATEMENT IN CONNECTION WITH PLANNED BUSINESS SEPARATION

Retrieved on: 
Monday, July 24, 2023

"Today's Form 10 filing marks another important step toward our planned separation into two established and special businesses," stated Steve Cahillane, Kellogg Company's Chairman and Chief Executive Officer.

Key Points: 
  • "Today's Form 10 filing marks another important step toward our planned separation into two established and special businesses," stated Steve Cahillane, Kellogg Company's Chairman and Chief Executive Officer.
  • The Form 10 provides important information about WK Kellogg Co's portfolio, business dynamics, strategy, risk factors, and management.
  • A copy of the Form 10 is available on the SEC's website at www.sec.gov as filed by WK Kellogg Co.
  • In addition to the public filing of the Form 10, Kellogg Company has posted supplemental business and other information about Kellanova and WK Kellogg Co to its investor website at http://investor.kelloggs.com .

Kellogg's Better Days® Promise has created Better Days for over 1.8 billion people since 2015

Retrieved on: 
Monday, July 17, 2023

BATTLE CREEK, Mich., July 17, 2023 /PRNewswire/ -- More than a century ago, W.K. Kellogg, the founder of Kellogg Company, started his business with the belief that part of running a good business was doing good for society. Today, that belief lives on with our Kellogg's Better Days® Promise strategy, which has created #BetterDays for more than 1.8 billion people since 2015.

Key Points: 
  • Kellogg, the founder of Kellogg Company, started his business with the belief that part of running a good business was doing good for society.
  • Today, that belief lives on with our Kellogg's Better Days® Promise strategy, which has created #BetterDays for more than 1.8 billion people since 2015.
  • By addressing the intersection of wellbeing, hunger, sustainability, and equity, diversity and inclusion (ED&I) to advance sustainable and equitable access to food, Kellogg's Better Days® Promise aims to create better days for 3 billion people by the end of 2030.
  • Each of the future companies will report on their respective environmental, social and governance (ESG) strategy and progress separately.

USD 700 Billion Growth in Nutraceuticals Market Size 2023 - Industry Analysis, Market Trends, Market Growth, Opportunities | Sector Growing at 9.4% CAGR during the Forecast Period 2023 to 2030

Retrieved on: 
Monday, July 10, 2023

According to the NCBI, nutraceuticals are used to improve health, slow the ageing process, prevent chronic diseases, and increase life expectancy.

Key Points: 
  • According to the NCBI, nutraceuticals are used to improve health, slow the ageing process, prevent chronic diseases, and increase life expectancy.
  • According to NIH researchers, nutraceuticals have attracted significant interest in the healthcare industry due to their therapeutic benefits.
  • The nutraceuticals market size was worth around USD 353 billion in 2022 and is estimated to hit approximately USD 700 billion by 2030.
  • The global nutraceuticals market is anticipated to record massive growth over the forecast period owing to the humungous consumption of functional foods has translated into a rise in the demand for nutraceuticals.

USD 700 Billion Growth in Nutraceuticals Market Size 2023 - Industry Analysis, Market Trends, Market Growth, Opportunities | Sector Growing at 9.4% CAGR during the Forecast Period 2023 to 2030

Retrieved on: 
Monday, July 10, 2023

According to the NCBI, nutraceuticals are used to improve health, slow the ageing process, prevent chronic diseases, and increase life expectancy.

Key Points: 
  • According to the NCBI, nutraceuticals are used to improve health, slow the ageing process, prevent chronic diseases, and increase life expectancy.
  • According to NIH researchers, nutraceuticals have attracted significant interest in the healthcare industry due to their therapeutic benefits.
  • The nutraceuticals market size was worth around USD 353 billion in 2022 and is estimated to hit approximately USD 700 billion by 2030.
  • The global nutraceuticals market is anticipated to record massive growth over the forecast period owing to the humungous consumption of functional foods has translated into a rise in the demand for nutraceuticals.