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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 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
The Kraft Heinz Company (Nasdaq: KHC) will announce its fourth quarter and full year 2022 financial results on February 15, 2023. A press release and supplemental materials will be available before the market opens, with a live Q&A session for analysts commencing at 9:00 a.m. EST. All materials, including the management discussion, can be accessed at ir.kraftheinzcompany.com. Additionally, CEO Miguel Patricio will present at the Consumer Analyst Group of New York Conference on February 21, 2023 at 11:00 a.m. EST, also accessible via the same website.
Oscar Mayer has announced the opening of applications for its Hotdogger positions, which offer recent college graduates a chance to drive the iconic Wienermobile for a year. Applications are accepted until January 31, with only 12 positions available, attracting over 2,000 applicants annually. Hotdoggers will cover an average of 20,000 miles across 20 states, engaging in marketing and social content creation while distributing more than 250,000 Wiener Whistles each year. This role underlines Oscar Mayer's commitment to brand engagement and consumer connection.
Checkers & Rally's, in partnership with Heinz, introduces an innovative campaign featuring "The Frunker"—an underground bunker experience for those anxious about Friday the 13th. Running until December 31, 2022, participants can enter to win a weekend stay in this unique shelter while enjoying Checkers' famous fries and Heinz ketchup. The bunker, located in Vilonia, Arkansas, offers themed décor, entertainment, and a fry-centric feast prepared by a corporate chef. No purchase is necessary to enter.
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