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The Kraft Heinz Company - KHC STOCK NEWS

Welcome to our dedicated page for The Kraft Heinz Company news (Ticker: KHC), a resource for investors and traders seeking the latest updates and insights on The Kraft Heinz Company stock.

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.

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Humberto Alfonso, EVP and CFO of Information Services Group, Inc., has been elected to join the Board of Directors of Kraft Heinz. He will also serve on the Audit Committee. Alfonso's financial expertise and experience in the CPG industry will benefit the company's long-term growth strategy.
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Kraft Heinz has officially launched Just Spices in the U.S., marking a significant step after acquiring a majority stake in the brand a year ago. This move is part of Kraft Heinz's Taste Elevation portfolio, aimed at enhancing flavor options for American consumers. Just Spices, established in 2014, features over 170 spice blends tailored for various meals and occasions. The brand primarily sells its products directly to consumers, with about 70% of sales coming from this channel. The initial U.S. launch includes ten popular spice products, priced at $6.99. The introduction of Just Spices aims to disrupt the U.S. spice market and promote creativity in cooking.

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Just Crack an Egg is addressing the ongoing egg crisis by partnering with FarmersOnly.com to offer egg lovers a unique opportunity. Starting April 12, consumers who purchase a Just Crack an Egg product can upload their receipt to receive a free premium subscription to FarmersOnly.com, a dating site for farmers. This initiative aims to help customers connect with farmers for fresh, affordable eggs amid skyrocketing prices and shortages. The partnership highlights the brand's commitment to innovative solutions in the face of challenges, promoting both its product and the farmers' availability. Just Crack an Egg offers convenient breakfast options made fresh in under two minutes, available nationwide.

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The Kraft Heinz Company is launching a limited-edition Tax-Free Bagel, filled with Philadelphia cream cheese, in partnership with H&H Bagels. This initiative addresses the "bagel tax" in New York City, allowing consumers to enjoy an unsliced bagel without incurring additional charges for slicing and schmearing. The Tax-Free Bagel will be available from April 14 to April 18, featuring popular flavors such as Plain, Sesame, and Cinnamon Raisin. The product aims to enhance consumer experience by removing extra costs associated with enjoying a classic bagel and cream cheese pairing. Kraft Heinz, known for its commitment to transforming consumer experiences, reported approximately $26 billion in net sales for 2022.

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The Kraft Heinz Company (Nasdaq: KHC) is set to announce its first quarter 2023 financial results on May 3, 2023. A press release and supplemental materials will be available before the market opens, along with a pre-recorded management discussion.

Following the release, Kraft Heinz management will conduct a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. Investors can access the earnings release, supplemental materials, and audio of the Q&A session via ir.kraftheinzcompany.com, where a replay will also be available post-event.

In 2022, Kraft Heinz reported net sales of approximately $26 billion and is dedicated to transforming its operations while focusing on sustainable and ethical practices.

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Oscar Mayer is launching the first-ever Wienermobile of Love, allowing couples to elope in a hot-dog-themed wedding in Las Vegas on April 15 and 16. This fun initiative aims to relieve the stress of traditional wedding planning, where 72% of couples report feeling overwhelmed. The unique ceremonies will be conducted by the brand's Hotdoggers at the iconic Little White Wedding Chapel. Interested couples can sign up on OscarMayer.com, with the opportunity being available on a first-come, first-served basis. Oscar Mayer’s campaign continues its legacy of bringing joy through creative marketing, aligning with its brand platform, “Keep It Oscar.”

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HEINZ introduces HEINZ Hot Varieties, adding four new spicy sauces to its product line, including three new Spicy Ketchup flavors and the first-ever HEINZ Hot 57 Sauce. The launch responds to the rising demand for diverse spicy options among U.S. Millennial and Gen Z consumers, with nearly 50% actively seeking more flavors. These sauces feature unique pepper bases designed to cater to varying heat preferences. This innovation aligns with Kraft Heinz's broader strategy of using insight-led initiatives to enhance its Taste Elevation platform and drive future growth.

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FAQ

What is the current stock price of The Kraft Heinz Company (KHC)?

The current stock price of The Kraft Heinz Company (KHC) is $31.07 as of November 18, 2024.

What is the market cap of The Kraft Heinz Company (KHC)?

The market cap of The Kraft Heinz Company (KHC) is approximately 38.0B.

What is The Kraft Heinz Company?

The Kraft Heinz Company is the third-largest food and beverage company in North America and the fifth-largest in the world, known for its iconic brands like Kraft, Heinz, and Oscar Mayer.

When was The Kraft Heinz Company formed?

The company was formed in July 2015 through the merger of Kraft Foods and Heinz.

What are some of The Kraft Heinz Company's well-known brands?

Some well-known brands include Kraft, Heinz, Capri Sun, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Velveeta, and Weight Watchers Smart Ones.

What markets does The Kraft Heinz Company operate in?

The company operates in North America, Europe, and emerging markets, with products sold in over 190 countries and territories.

How much of the company’s sales come from the retail channel?

Approximately 85% of The Kraft Heinz Company's total sales come from the retail channel.

What recent initiatives has The Kraft Heinz Company launched?

Recent initiatives focus on reducing waste, optimizing resource use, and developing healthier product options as part of their sustainability efforts.

What is the company’s stance on sustainability?

The Kraft Heinz Company is dedicated to the sustainable health of people, the planet, and the company, with focused efforts towards innovation and responsible practices.

Does The Kraft Heinz Company operate in the foodservice sector?

Yes, The Kraft Heinz Company has a growing presence in the foodservice sector, contributing to its overall sales.

Where can I find more information about The Kraft Heinz Company?

For more information, visit their official website at www.kraftheinzcompany.com.

What percentage of consolidated sales does the international market contribute?

The international market contributes 20%-25% of The Kraft Heinz Company's consolidated sales.

The Kraft Heinz Company

Nasdaq:KHC

KHC Rankings

KHC Stock Data

38.04B
1.21B
27.19%
56.71%
2.79%
Packaged Foods
Canned, Frozen & Preservd Fruit, Veg & Food Specialties
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United States of America
PITTSBURGH