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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.
Luxfer Holdings PLC (NYSE: LXFR) has appointed Sylvia A. Stein to its Board of Directors, effective August 1, 2022. Stein, currently Vice President and General Counsel at Modine Manufacturing Company (NYSE: MOD), brings over 20 years of experience in business strategy, sustainability, and risk management. She will serve on both the Nominating and Governance Committee and the Audit Committee, helping to enhance Luxfer's strategic direction and shareholder value.
The Kraft Heinz Company (NASDAQ: KHC) has signed a virtual power purchase agreement (vPPA) with BHE Renewables to enhance its sustainability initiatives. This deal aims to help Kraft Heinz meet its goal of procuring most of its electricity from renewable sources by 2025, contributing to its net-zero emissions target by 2050. By 2025, the company plans to source around 60% of its energy from BHE Renewables’ Gopher Creek wind farm in Texas, increasing from 15% by the end of 2022. This vPPA is part of a series of renewable projects, including solar initiatives in China.
The Kraft Heinz Company (KHC) has entered into a 12-year virtual power purchase agreement with Repsol, aiming to source over 90 gigawatt hours of renewable energy annually. This initiative supports Kraft Heinz's goal to obtain the majority of its electricity from renewable sources by 2025, with expectations to power 90% of its European sites. The agreement aligns with the Company's ambition to achieve net zero emissions by 2050 and reduce emissions by 50% by 2030.
The Kraft Heinz Company has unveiled a new brand identity for Kraft Mac & Cheese, reflecting its evolution as America's comfort food. This updated identity includes a new logo, simplified name, and refreshed packaging, emphasizing the positive emotions associated with the product. The iconic blue box now features a single-color hue and a more pronounced 'noodle smile'. The rebranding aims to resonate with consumers' desire for feel-good food and will be visible on social media and in stores starting August. This initiative reflects Kraft's commitment to growth and consumer engagement.
JET-PUFFED, a Kraft Heinz brand, has launched new glow-in-the-dark Camp S’mores packaging aimed at enhancing summer campfire experiences. This innovative packaging aims to make it easier for consumers to locate marshmallows at night. To celebrate, JET-PUFFED introduced the JET-PUFFED S’morion constellation and encourages fans to participate in the #GoSmoregazing campaign on Instagram for a chance to win s’mores kits. The new Camp S’mores are priced at $2.99 and available at Walmart and other retailers.
The Kraft Heinz Company (Nasdaq: KHC) announced that Andre Maciel, Global CFO, and Rafael Oliveira, EVP and President of International Markets, will participate in a fireside chat at Deutsche Bank's 19th annual dbAccess Global Consumer Conference on June 15, 2022, at 2:45 p.m. Central European Time. A live webcast will be available on the company's investor relations site, with replays accessible afterwards. Kraft Heinz, committed to transforming consumer experiences, reported approximately $26 billion in net sales for 2021.
VELVEETA, a Kraft Heinz brand, has launched its first nail polish collection, the Pinkies Out Polish, in collaboration with Nails.INC. This creative initiative aligns with the brand's new platform 'La Dolce Velveeta', encouraging fans to embrace a bold lifestyle. The collection features a cheese-scented nail polish duo priced at $15 and nail stickers for $4.99. Designed for pleasure seekers, the nail polish is available exclusively on Amazon and NailsInc.com. The initiative reflects Kraft Heinz's strategy to diversify its product offerings and engage with consumers in unique ways.
The Kraft Heinz Company (Nasdaq: KHC) announced that CEO Miguel Patricio will participate in a fireside chat at Bernstein’s 38th Annual Strategic Decisions Conference.
The event is scheduled for June 2, 2022, at 4:30 p.m. Eastern Time. A live webcast will be available on their investor relations website, with a replay accessible afterward.
Kraft Heinz reported approximately $26 billion in net sales for 2021, focusing on consumer-driven product platforms and promoting sustainable practices.
The Kraft Heinz Company (NASDAQ: KHC) announced that funds affiliated with 3G Capital, its second-largest shareholder, have distributed around 88 million shares of KHC common stock to external investors. Post-distribution, 3G's co-founders and partners will retain approximately 7.9% of the Company through 3G funds, which will be subject to a 60-day voluntary lock-up. CEO Miguel Patricio highlighted 3G's valued partnership in transforming Kraft Heinz's market position over recent years.
HEINZ has launched the ‘Art of the Burger’ competition, inviting burger enthusiasts to create a unique burger masterpiece to be featured at BurgerFi locations. The contest runs until July 12, with a prize of
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