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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.
Lunchables, a Kraft Heinz brand, launches its innovative 'Order This Build' feature, enabling families to order packs for over 25 unique 'Lunchabuilds'. These creations include designs like bears and helicopters, accessible through Lunchables.com. In celebration, a sweepstakes allows participants to win $2,000 for sharing their Lunchabuild creations on Instagram until September 4. The campaign encourages creativity while connecting kids with the brand, supported by extensive out-of-home advertising in multiple cities.
Delimex, a Kraft Heinz brand, is transforming the frozen snack market with revamped packaging and flavors. This summer, they are launching products with nearly double the filling for a better taste experience. The frozen snack category is worth
Capri Sun, a brand under Kraft Heinz, announced a major reformulation of its original juice drink, reducing total sugars by an average of 40%. Each serving will now contain 8g of total sugars and 5g of added sugars, aiming to meet growing parental demand for healthier options. The new product, using monk fruit concentrate, will hit shelves in August 2022 with updated packaging. This initiative marks the brand's largest renovation since its launch in 1986 and underscores Kraft Heinz's commitment to innovation and sustainability.
The Kraft Heinz Company (KHC) has declared a regular quarterly dividend of $0.40 per share, payable on September 23, 2022. This dividend will be available to shareholders on record as of August 26, 2022. In 2021, the company reported net sales of approximately $26 billion, focusing on consumer-centered growth and sustainability. Kraft Heinz aims to enhance its iconic food and beverage brands while committing to ethical practices that contribute to global food responsibility.
The Kraft Heinz Company (KHC) reported its Q2 2022 financial results, revealing a 0.9% decrease in net sales to $6.6 billion, with a strong organic net sales growth of 10.1%. Despite challenges, the company anticipates a high-single-digit increase in organic net sales for the full year. Gross profit dropped by 13.4%, and adjusted EBITDA fell by 10.9% compared to the previous year. However, net income surged to $265 million, showing a 1,136.4% increase driven by lower tax and interest expenses. KHC maintains its adjusted EBITDA outlook for the year at $5.8-$6.0 billion.
VELVEETA introduces the VELVEETA® Veltini, a unique martini combining VELVEETA infused vodka with olive brine and vermouth, available exclusively at select BLT Restaurant locations from 5 PM to 8 PM this summer. This indulgent cocktail, priced at $15, includes garnishes of cheese-dripped olives and VELVEETA Shells & Cheese. Additionally, fans can purchase a limited VELVEETA Veltini kit for $50 through Goldbelly, enabling them to create the cocktail at home. The launch emphasizes VELVEETA's creative platform, 'La Dolce Velveeta,' promoting a bold lifestyle.
HEINZ has launched the new HEINZ 57 Collection, featuring innovative sauces and spreads aimed at enhancing culinary experiences. This collection includes Infused Honeys in flavors like Hot Chili and Black Truffle, and Crunch Sauces in varieties such as Chili Pepper Crunch and Roasted Garlic Crunch. Designed with insights from award-winning chefs, the collection targets food enthusiasts looking to explore new flavors and cuisines. The products are available nationwide through various retailers, promoting a modern approach to traditional dishes.
Philadelphia cream cheese, a Kraft Heinz brand, is launching Feeladelphia, a unique dining experience where patrons order feelings instead of food. This multisensorial restaurant, running from July 14-16 in New York City, features a menu curated by Michelin-starred chefs Jeremiah Stone and Fabián Von Hauske. Guests will enjoy sensory-driven dishes designed to evoke emotions. The event also includes The Feeladelphia Experience, an immersive cookbook that invites cooking through the senses. Reservations opened on July 11, 2022, at $35 per person, with proceeds going to charity.
The Kraft Heinz Company (NASDAQ: KHC) is set to release its second quarter 2022 financial results on July 27, 2022, preceding the market opening. A press release and supplementary materials will be available, along with a pre-recorded management discussion. Following this, Kraft Heinz will host a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. The results and audio from the session can be accessed at ir.kraftheinzcompany.com, with a replay available post-event.
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