Sign in

    Alexia HowardSanford C. Bernstein & Co., LLC

    Alexia Howard is a Senior Analyst at Sanford C. Bernstein & Co., LLC, specializing in equity research for the U.S. food sector, with primary coverage of leading packaged food companies such as Kraft, Kellogg's, Tyson Foods, Mondelez, and Beyond Meat. Noted for her in-depth industry analysis, she has achieved high-profile recognition, including being named to Institutional Investor’s All-America Research Team, and holds a notable track record such as a 43.8% return on her most profitable rating for Tyson Foods between November 2023 and November 2024, with additional double-digit average returns on select calls. Howard began her career in consulting with Marakon Associates before joining Bernstein in 2005 and has since developed a reputation for insightful coverage of consumer food trends and corporate strategies. She holds relevant professional credentials, such as FINRA securities licenses, reflecting her standing as a registered securities professional and recognized industry expert.

    Alexia Howard's questions to Kellanova (K) leadership

    Alexia Howard's questions to Kellanova (K) leadership • Q2 2024

    Question

    Alexia Howard of Sanford C. Bernstein & Co. asked for a specific number on the percentage of sales from innovation this year and whether the current level represents a new long-term normal or if further step-ups are expected. She also inquired about the timing of 2025 guidance.

    Answer

    Chairman, President and CEO Steven Cahillane declined to provide a specific number for innovation's sales contribution but confirmed it is back to pre-pandemic levels and is expected to improve further with launches like Cheez-It in Europe and Pringles Mingles. He indicated the 2024 level is meaningfully higher than recent years and is beating 2019's strong performance. He also stated that the company has a great innovation calendar for 2025. Regarding future guidance, he confirmed that Kellanova will release its 2025 outlook with its February earnings report, consistent with its usual cadence.

    Ask Fintool Equity Research AI