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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.
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.
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.”
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.
Kraft Heinz has introduced the innovative Ketch-Up & Down bottle, featuring dual lids to ensure consumers can access every drop of ketchup regardless of how the bottle is stored. This product builds on the success of their previous upside-down bottle launched in 2010, responding to diverse consumer preferences for ketchup use.
With 2022 net sales of approximately $26 billion, Kraft Heinz aims to enhance consumer satisfaction and stimulate growth in their condiment market. The launch underscores their commitment to consumer-focused innovation, potentially transforming how ketchup is dispensed.
The Kraft Heinz Company (NASDAQ: KHC) has expanded its partnership with AB InBev’s B2B e-commerce platform, BEES, to enhance its Emerging Markets strategy. This collaboration aims to unlock 1 million new points of sale in Latin America, focusing on Mexico, Colombia, and Peru. BEES, operational in 20 countries with over 3.1 million active users, will facilitate easier ordering for various retailers. Kraft Heinz's EVP, Rafa Oliveira, emphasized the importance of technology in boosting sales in these regions. The partnership also plans to expand into additional Latin American countries.
The Kraft Heinz Company (Nasdaq: KHC) has launched Tingly Ted’s®, a new hot sauce co-created with musician Ed Sheeran, to expand its Taste Elevation platform. The sauce, available for pre-order, features two variants: Tingly and Xtra Tingly, made with red jalapeños and capsicum chillies. Ed Sheeran expressed his excitement about the product, emphasizing its versatility in meals. Tingly Ted’s aims to tap into the hot sauce market, which is expected to reach $5.4 billion by 2027, growing at 6.3%. This collaboration underscores Kraft Heinz's commitment to innovative food offerings and partnerships.
The Kraft Heinz Company (KHC) presented its strategic transformation plan and long-term growth strategy at the 2023 CAGNY Conference. CEO Miguel Patricio highlighted significant advancements in Agile@Scale capabilities and innovation. The company aims for 4-6% Organic Net Sales growth in 2023, with strategic initiatives targeting U.S. Retail, Global Foodservice, and Emerging Markets. Key growth pillars include new product innovations, a projected $2 billion in incremental North American Retail net sales from 2023-2027, and a 10% CAGR for global Foodservice. Long-term growth targets were reaffirmed, including 2-3% Organic Net Sales and 80% Free Cash Flow Conversion in 2023.
The Kraft Heinz Company (NASDAQ: KHC) has declared a quarterly dividend of $0.40 per share, payable on March 31, 2023, to stockholders recorded by March 10, 2023. With 2022 net sales reaching approximately $26 billion, the company is focused on expanding its food and beverage brands globally. Kraft Heinz emphasizes its commitment to sustainability and ethical practices while enhancing consumer experience.
The Kraft Heinz Company (Nasdaq: KHC) reported strong financial results for Q4 and full year 2022. Q4 net sales increased by 10.0% to $7.4 billion, while organic net sales grew by 10.4%. Net income surged 447.9% to $887 million, and diluted EPS rose 442.9% to $0.72. Adjusted EBITDA increased 8.6% to $1.7 billion. For the full year, net sales reached $26.5 billion, a 1.7% increase, although adjusted EBITDA decreased by 5.8%. Looking ahead, the company forecasts organic net sales growth of 4-6% and adjusted EPS of $2.67 to $2.75 for 2023.
HEINZ, known for its iconic 57, launches the "LVII Meanz 57" campaign ahead of the LVII Big Game to clarify the confusion surrounding Roman numerals. This initiative invites fans to vote on retiring Roman numerals and share their opinions on social media using the hashtag #LVIIMeanz57. In conjunction, HEINZ presents limited-edition ketchup bottles featuring the new slogan. Last year, social media feedback revealed significant frustration among fans over Roman numeral usage. Acknowledging this, HEINZ aims to elevate consumer voices during the upcoming event, with voting available until
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