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The Kraft Heinz Company (NASDAQ: KHC) stands as the third-largest food and beverage company in North America and ranks fifth globally. Formed through the merger of Kraft Foods and Heinz in July 2015, the company boasts a rich portfolio of iconic brands including Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones, and Velveeta. These brands ensure high-quality, great-tasting, and nutritious food options for various eating occasions, whether at home, in restaurants, or on the go.
The Kraft Heinz Company is committed to sustainability, focusing on the health of people, the planet, and the company itself. With a distribution network that spans Europe and emerging markets, its products are available in over 190 countries and territories, contributing to 20%-25% of its consolidated sales. Retail remains a major revenue driver, accounting for approximately 85% of total sales, while the foodservice sector continues to grow.
Recent achievements highlight the company's dedication to innovation and sustainability. They have launched initiatives to reduce waste, optimize resource use, and develop healthier product options. Their robust financial condition and strategic partnerships further strengthen their market position, making them a globally trusted producer of delicious foods.
For the latest updates and more detailed information, visit www.kraftheinzcompany.com.
Kraft Heinz (Nasdaq: KHC) has announced its Board of Directors has declared a regular quarterly dividend of $0.40 per share of common stock. The dividend will be paid on December 27, 2024, to stockholders of record as of November 29, 2024.
Kraft Heinz reported Q3 2024 financial results with net sales decreasing 2.8% to $6.4 billion and Organic Net Sales declining 2.2%. The company recorded a net loss of $290 million, with diluted EPS at $(0.24), down 214.3%, primarily due to non-cash impairment losses of $1.4 billion. Adjusted EPS increased 4.2% to $0.75. Year-to-date cash flow from operations reached $2.8 billion, up 6.7%. The company narrowed its full-year outlook, expecting Organic Net Sales, Adjusted Operating Income, and Adjusted EPS growth to be at the low end of previous guidance ranges.
Kraft Heinz (Nasdaq: KHC) has appointed Debby Soo, CEO of OpenTable, to its Board of Directors, effective October 24, 2024. Soo brings extensive experience in technology development and global business strategy from her roles at OpenTable and KAYAK, where she served as Chief Commercial Officer. She previously held positions at Google and Citigroup Global Markets. The appointment aligns with Kraft Heinz's focus on modernizing operations through Agile@Scale methodology. Soo's expertise in emerging technologies and organizational transformation is expected to contribute to the company's long-term growth strategy.
Kraft Heinz (Nasdaq: KHC) has appointed Angel Shelton Willis as Executive Vice President, Global General Counsel and Corporate Affairs Officer, effective November 18. Willis joins from Sealed Air , where she served as Vice President, General Counsel & Secretary. In her previous role, she led global legal, ethics and compliance, regulatory and corporate affairs functions. Willis brings extensive experience from her 14-year tenure at Ingersoll Rand Company and previous roles at Cummins, Inc. She holds degrees from Clemson University and the University of Illinois. She will relocate to Chicago to work from Kraft Heinz's co-headquarters.
Delimex, a Kraft Heinz brand, has expanded beyond taquitos with the launch of new Crispy Quesadillas. Available in Char-Grilled Chicken and Chipotle Chicken flavors, these quesadillas utilize Kraft Heinz's proprietary 360CRISP™ technology to deliver restaurant-quality crispiness from the microwave. This innovation addresses consumer dissatisfaction with current frozen quesadilla offerings, which often result in soggy tortillas and unmelted cheese.
The new product launch comes as the Mexican frozen food market in the US continues to grow. Delimex Crispy Quesadillas are now available nationwide in major retailers' frozen food aisles for an MSRP of $5.99. This marks Delimex's first new product in over five years and represents Kraft Heinz's ongoing efforts to revolutionize the frozen food category through innovative technology.
The Kraft Heinz Company (Nasdaq: KHC) has announced that it will release its third quarter 2024 financial results on Wednesday, Oct. 30, 2024. The company will issue a press release and supplemental materials, including a pre-recorded management discussion, before the market opens. Following this, Kraft Heinz management will host a live question-and-answer session with analysts starting at 9:00 a.m. Eastern Daylight Time.
Investors and interested parties can access the earnings release, supplemental materials, and audio of the Q&A session at ir.kraftheinzcompany.com. A replay of the event will also be available on the same website after the session concludes.
A.1., renowned for its iconic steak sauce, is expanding beyond the condiment aisle with the launch of A.1. Steakhouse Butter. This marks the brand's first innovation outside the sauce bottle in over five years. The new product combines creamy butter with A.1. Steak Sauce and fresh herbs, offering a convenient way to recreate steakhouse flavors at home.
Inspired by viral butter-based recipes, A.1. Steakhouse Butter caters to the growing demand for restaurant-quality flavors in home cooking. Priced at $4.99 for a 3.5oz tub, it will be available online and in retailers nationwide. The product can be used on steaks, pork chops, burgers, and even side dishes like mashed potatoes and corn on the cob.
Food enthusiasts in New York City can experience A.1. Steakhouse Butter at the New York City Food and Wine Festival Steak & Whiskey event on October 19, hosted by Food Network star Robert Irvine.
Philadelphia, the renowned cream cheese brand, has launched its first-ever refrigerated cream cheese frosting in the U.S. Made with fresh milk and real cream, Philadelphia Frosting aims to deliver the brand's signature smooth texture and creamy taste to baking enthusiasts. This innovative product, developed over 18 months, offers a convenient, ready-to-use option with no preparation or cleanup required.
The frosting combines Philadelphia's rich creaminess with a balanced sweet and tangy flavor, mimicking homemade frosting. Available in 16 oz. tubs for $4.99, it will be sold at select retailers nationwide starting October. This launch aligns with cream cheese frosting being among America's top three favorite frosting flavors, addressing consumer demand for a frosting free from artificial flavors and dyes.
JELL-O, the iconic dessert brand, has unveiled 'The Jelly Collection,' a line of inflatable furniture inspired by classic JELL-O molds. This -edition home décor collection features chairs in four vibrant colors representing popular JELL-O flavors: lemon (yellow), lime (green), strawberry (red), and orange. The chairs, priced at $30 each, are available on Amazon.com.
The collection combines Y2K nostalgia with modern design, capitalizing on current trends in jelly-inspired décor and inflatable furniture. Each chair includes a built-in JELL-O cup holder designed for Ready-to-Eat JELL-O Gelatin cups. This launch follows JELL-O's 2023 logo and packaging redesign, aiming to appeal to both new and existing consumers. The brand reports a 33.2% growth in the refrigerated desserts category over the past five years.
Kraft Heinz (Nasdaq: KHC) has announced its participation in the 2024 Barclays Global Consumer Staples Conference. CEO Carlos Abrams-Rivera and CFO Andre Maciel will engage in a fireside chat on Thursday, Sept. 5, 2024, at 11:15 a.m. Eastern time to discuss the company's business strategy.
The session will be livestreamed on the Kraft Heinz investor relations website (ir.kraftheinzcompany.com). For those unable to attend live, a replay will be available on the same website for six months following the event, providing investors and analysts extended access to the company's strategic insights.
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