Kraft Heinz Co - KHC STOCK NEWS

Kraft Heinz (KHC) reported mixed financial results for Q4 and full year 2024. Full-year net sales decreased 3.0% to $25.8 billion, with Organic Net Sales down 2.1%. Operating income fell 63.2% to $1.7 billion, primarily due to non-cash impairment losses of $3.7 billion.

Despite challenges, the company showed some positive metrics: gross profit margin increased 120 basis points to 34.7%, Adjusted EPS rose 2.7% to $3.06, and Free Cash Flow grew 6.6% to $3.2 billion. The company returned $2.7 billion to stockholders through dividends and share repurchases.

For 2025, Kraft Heinz expects Organic Net Sales to be flat to down 2.5%, Constant Currency Adjusted Operating Income to decline 1-4%, and Adjusted EPS in the range of $2.63 to $2.74.

Capri Sun has launched its first resealable bottle in over 20 years, marking a significant expansion from its iconic pouch format. The new 12-ounce bottles, equivalent to two pouches, are available in three popular flavors: Fruit Punch, Pacific Cooler, and Strawberry Kiwi.

The launch addresses consumer demand, as beverages are the top reason for convenience store visits, and responds to overwhelming customer feedback - 76% of suggestions to Capri Sun's call center between 2020-2023 requested larger serving sizes. Like the traditional pouches that sell over 6 million units daily, the bottles maintain the brand's commitment to all-natural ingredients without artificial dyes or sweeteners.

This release follows the successful introduction of Multi-Serve jugs last year and represents the brand's strategic expansion into convenience stores nationwide.

HEINZ has announced a groundbreaking collaboration with award-winning music producer Mustard, marking the brand's first-ever co-created sauce in the United States and its first new mustard offering in nearly a decade. The partnership was revealed during a major music event, where Mustard was named the first-ever Chief Mustard Officer.

The collaboration builds on Mustard's well-known affinity for HEINZ, demonstrated by his diamond-encrusted HEINZ Mustard chain. As Chief Mustard Officer, Mustard will be actively involved in creating exclusive recipes and hosting events throughout 2025. The partnership launched with a short film featuring a classic HEINZ Ketchup ad transformed into a teaser for the new -edition flavor.

Fans can sign up at MustardxMustard.com to be among the first to try the new product and receive updates about future collaborations planned for the year.

Kraft Heinz Canada has responded to Prime Minister Trudeau's statements about HEINZ Ketchup, asserting that the product is indeed manufactured in Canada. The company employs over 1,000 workers at their Mont Royal Quebec facility, where they produce HEINZ Ketchup using tomatoes sourced from Leamington, Ontario. As the largest tomato purchaser in Ontario, Kraft Heinz emphasizes their long-standing Canadian manufacturing history, spanning more than 100 years, with only a brief interruption from 2015 to 2020. The company reinstated Canadian production in 2020, highlighting their commitment to domestic manufacturing and Canadian agricultural resources.

VELVEETA, a Kraft Heinz (KHC) brand, has launched Vel2Go, its first-ever single-serve cheese packets, marking the brand's entry into the condiment category. This -edition product aims to meet the growing demand for portable condiments, particularly among millennials and Gen Z, with one in four bringing their own condiments on-the-go.

The product will be available exclusively on Walmart.com at $5.91 for three cartons, each containing four packets. This launch follows VELVEETA's recent introduction of ready-to-eat queso, demonstrating the brand's strategy to expand into new formats.

The initiative targets the unmet market need for convenient cheese condiments, allowing consumers to add VELVEETA cheese to various foods from drive-thru fries to stadium hot dogs, aligning with the brand's 'La Dolce Velveeta' lifestyle marketing campaign.

The Kraft Heinz Company (Nasdaq: KHC) has announced it will release its fourth quarter and full year 2024 financial results on Wednesday, February 12, 2025, before market opening. The company will provide a press release and supplemental materials, including a pre-recorded management discussion.

Following the release, Kraft Heinz management will host a live question-and-answer session with analysts starting at 9:00 a.m. Eastern Standard Time. All materials, including the earnings release, supplemental materials, and audio of the Q&A session, will be accessible through the company's investor relations website. A replay of the event will also be made available on the same platform.

Kraft Heinz (Nasdaq: KHC) has announced the appointment of Marcel Regis as President of West and East Emerging Markets, effective February 3, 2025. Based in Brazil, Regis will oversee operations in Latin America, Eastern Europe, the Middle East, and Africa, which comprises one of the business Zones created in 2024.

Regis joins from Loft, where he served as Chief Operating Officer since July 2022, and brings 25 years of experience from Anheuser-Busch InBev. His previous roles include President of Colombia and South Africa, Global VP for Commercial Integration of SABMiller, and Non-Alcoholic Beverages VP in Brazil.

He will succeed Bruno Keller, who will depart on March 7 after an 11-year tenure with Kraft Heinz. CEO Carlos Abrams-Rivera emphasized that Emerging Markets is one of their three Growth Pillars, and Regis's appointment aims to accelerate growth in critical markets worldwide.

Oscar Mayer has opened applications for its 2024 Hotdogger Program, offering recent college graduates a one-year, full-time position driving the iconic Wienermobile. Applications are open through January 31, with 12 positions available. The program, established in 1988, aims to develop future leaders and brand ambassadors.

Selected Hotdoggers will drive and maintain the 27-foot-long hot dog vehicle, visiting approximately 40 cities and attending hundreds of events as brand representatives. The role includes content creation, media appearances, and public engagement responsibilities. The position offers unique experience in social media and brand marketing, with Hotdoggers becoming the face of a multi-billion-dollar brand.

Oscar Mayer celebrates the 50th anniversary of 'The Bologna song' commercial, first aired in 1974, by re-airing the original advertisement during the Thanksgiving football game. The company launches 'Sing To Pay' promotion running through December 15, where fans who correctly sing the jingle can receive Instacart credits for groceries, including Oscar Mayer Bologna. Additionally, the Wienermobile will tour select cities, offering free bologna to those who successfully perform the song.