The Kraft Heinz Company - KHC STOCK NEWS

Oscar Mayer is launching a unique campaign called BacOFF to encourage bacon lovers to abstain from meat on World Vegan Day on November 1. A recent survey reveals that 63% of vegans wish they could eat bacon, highlighting its strong appeal. The brand pledges to remove bacon imagery from its paid media and social platforms on this day. Participants can win a lifetime supply of bacon by sharing their commitment on social media. This initiative aims to balance indulgence with plant-based choices.

The Kraft Heinz Company (KHC) reported strong financial results for Q3 2022, with net sales increasing by 2.9% year-over-year to $6.5 billion, driven by a notable 11.6% rise in organic net sales. North America saw a slight year-over-year net sales increase of 1.5%, while international sales grew by 7.7%. However, net income decreased by 40.8% to $435 million, and diluted EPS fell by 40.7% to $0.35. The company reaffirmed its full-year outlook for organic net sales and raised the lower end of its adjusted EBITDA range to $5.9 billion to $6.0 billion, despite supply chain uncertainties.

The Kraft Heinz Company (Nasdaq: KHC) announced its 2022 ESG Report, highlighting significant progress in diversity, emissions reduction, and food security goals. In 2021, the company increased the representation of women and people of color in management roles by 2%. It committed to reducing emissions by 50% by 2030 and achieving net-zero by 2050. Additionally, Kraft Heinz delivered 440 million meals to those in need, nearing its goal of 1.5 billion meals by 2025. The report reflects the company’s ongoing commitment to its ESG priorities and responsible business practices.

The Kraft Heinz Company (Nasdaq: KHC) will announce its third quarter 2022 financial results on October 26, 2022. A press release and supplementary materials will be available before the market opens, followed by a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. Interested parties can access the earnings release and audio of the session at ir.kraftheinzcompany.com, where a replay will be posted post-event. In 2021, Kraft Heinz reported net sales of approximately $26 billion.

Heinz announces the return of its limited-edition Tomato Blood Ketchup, just in time for Halloween. This quirky condiment features a special bottle design aimed at providing a spooky dining experience while retaining the classic Heinz taste. The campaign includes a PSA from Toby, a vegetarian vampire influencer, promoting the ketchup as a tasty alternative that spares humans. Available at retailers nationwide starting October, it also ties in with themed events at Six Flags. This effort enhances brand visibility, targeting ketchup lovers and Halloween enthusiasts alike.

The Kraft Heinz Company (Nasdaq: KHC) confirmed its 2022 guidance while participating in the Barclays Global Consumer Staples Conference. CEO Miguel Patricio highlighted two completed transformation phases, now focusing on driving profitable growth through personalized marketing and innovation. The company targets organic net sales growth of 2-3%, adjusted EBITDA growth of 4-6%, and adjusted EPS growth of 6-8%. They are also shifting their long-term net leverage target from below four times to approximately three times, emphasizing financial flexibility and capital return strategies.

The Kraft Heinz Company (NASDAQ: KHC) announced participation in the Barclays Global Consumer Staples Conference on Wednesday, Sept. 7, 2022, at 9:45 a.m. Eastern Time. Key executives, including CEO Miguel Patricio and CFO Andre Maciel, will engage in a fireside chat. A live webcast will be available on the company's investor relations website, with a replay accessible post-event. In 2021, Kraft Heinz reported approximately $26 billion in net sales, focusing on consumer-driven products and sustainable practices.

The Kraft Heinz Company (Nasdaq: KHC) announced a definitive agreement to sell its B2B powdered cheese business to Kerry Group. This transaction, expected to close in the second half of 2022, includes the Albany, Minnesota manufacturing facility. The divestiture is part of Kraft Heinz's ongoing portfolio optimization strategy, aimed at refining its business focus. The deal will transfer employees from Kraft Heinz to Kerry Group as part of the agreement.

Oscar Mayer has launched the first-ever “Cold Dog,” a frozen pop flavored like its iconic wiener, following a successful social media campaign. The product, available for $2 at select Popbar locations in Long Beach, Alpharetta, and New Orleans, received significant praise from fans. This quirky treat, created in partnership with Popbar, features refreshing and smoky notes of hot dogs topped with mustard. The Wienermobile is touring to promote this new item through August 27. Oscar Mayer aims to provide unique experiences while leveraging its long-standing brand heritage.