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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.
The Kraft Heinz Company (Nasdaq: KHC) has announced that it will release its third quarter 2024 financial results on Wednesday, Oct. 30, 2024. The company will issue a press release and supplemental materials, including a pre-recorded management discussion, before the market opens. Following this, Kraft Heinz management will host a live question-and-answer session with analysts starting at 9:00 a.m. Eastern Daylight Time.
Investors and interested parties can access the earnings release, supplemental materials, and audio of the Q&A session at ir.kraftheinzcompany.com. A replay of the event will also be available on the same website after the session concludes.
A.1., renowned for its iconic steak sauce, is expanding beyond the condiment aisle with the launch of A.1. Steakhouse Butter. This marks the brand's first innovation outside the sauce bottle in over five years. The new product combines creamy butter with A.1. Steak Sauce and fresh herbs, offering a convenient way to recreate steakhouse flavors at home.
Inspired by viral butter-based recipes, A.1. Steakhouse Butter caters to the growing demand for restaurant-quality flavors in home cooking. Priced at $4.99 for a 3.5oz tub, it will be available online and in retailers nationwide. The product can be used on steaks, pork chops, burgers, and even side dishes like mashed potatoes and corn on the cob.
Food enthusiasts in New York City can experience A.1. Steakhouse Butter at the New York City Food and Wine Festival Steak & Whiskey event on October 19, hosted by Food Network star Robert Irvine.
Philadelphia, the renowned cream cheese brand, has launched its first-ever refrigerated cream cheese frosting in the U.S. Made with fresh milk and real cream, Philadelphia Frosting aims to deliver the brand's signature smooth texture and creamy taste to baking enthusiasts. This innovative product, developed over 18 months, offers a convenient, ready-to-use option with no preparation or cleanup required.
The frosting combines Philadelphia's rich creaminess with a balanced sweet and tangy flavor, mimicking homemade frosting. Available in 16 oz. tubs for $4.99, it will be sold at select retailers nationwide starting October. This launch aligns with cream cheese frosting being among America's top three favorite frosting flavors, addressing consumer demand for a frosting free from artificial flavors and dyes.
JELL-O, the iconic dessert brand, has unveiled 'The Jelly Collection,' a line of inflatable furniture inspired by classic JELL-O molds. This -edition home décor collection features chairs in four vibrant colors representing popular JELL-O flavors: lemon (yellow), lime (green), strawberry (red), and orange. The chairs, priced at $30 each, are available on Amazon.com.
The collection combines Y2K nostalgia with modern design, capitalizing on current trends in jelly-inspired décor and inflatable furniture. Each chair includes a built-in JELL-O cup holder designed for Ready-to-Eat JELL-O Gelatin cups. This launch follows JELL-O's 2023 logo and packaging redesign, aiming to appeal to both new and existing consumers. The brand reports a 33.2% growth in the refrigerated desserts category over the past five years.
Kraft Heinz (Nasdaq: KHC) has announced its participation in the 2024 Barclays Global Consumer Staples Conference. CEO Carlos Abrams-Rivera and CFO Andre Maciel will engage in a fireside chat on Thursday, Sept. 5, 2024, at 11:15 a.m. Eastern time to discuss the company's business strategy.
The session will be livestreamed on the Kraft Heinz investor relations website (ir.kraftheinzcompany.com). For those unable to attend live, a replay will be available on the same website for six months following the event, providing investors and analysts extended access to the company's strategic insights.
KD and KFC, two iconic comfort food brands, have joined forces to launch three -edition offerings in Canada. This collaboration marks the first time either brand has partnered to simultaneously release retail and restaurant items. The new products include:
1. KD KFC Original Recipe Flavour Mac 'n Cheese available in grocery stores
2. KD Mac & Cheese Chicken Sandwich at KFC restaurants
3. KD Mac & Cheese Snacker Wrap at KFC restaurants
This partnership aims to satisfy Canadians' growing desire for intense flavor profiles and unexpected food combinations from trusted brands. The collaboration combines KFC's southern-style fried chicken expertise with KD's mac & cheese mastery, creating bold new ways to enjoy Canadian classics.
VELVEETA, known for its creamy rich flavor, is launching the WheelVeeta dining experience this summer, exclusively at Bounce Sporting Club. This innovative dish features VELVEETA Shells tossed in a VELVEETA cheese wheel tableside, topped with lobster, black truffle, and fried shallots. The WheelVeeta is inspired by the viral #cheesewheelpasta trend and aligns with VELVEETA's 'La Dolce Velveeta' creative platform, encouraging consumers to embrace outrageous pleasure.
Available from August 8th to August 15th at Bounce Montauk, New York and Delray, Florida locations, the WheelVeeta aims to satisfy cravings and showcase the brand's bold energy. This -time offering follows previous activations like the Veltini and TruffVels, reinforcing VELVEETA's commitment to delivering unique, pleasure-focused experiences.
The Kraft Heinz Company (Nasdaq: KHC) has announced a regular quarterly dividend of $0.40 per share of common stock. This dividend will be payable on Sept. 27, 2024, to stockholders of record as of Aug. 30, 2024. The declaration of this dividend by the Company's Board of Directors demonstrates Kraft Heinz's commitment to returning value to its shareholders on a consistent basis.
Kraft Heinz (Nasdaq: KHC) reported Q2 2024 results, showing a 3.6% decrease in net sales to $6.5 billion and a 2.4% decrease in Organic Net Sales. The company's operating income decreased by 62.1% to $0.5 billion, primarily due to non-cash impairment losses. However, Adjusted Operating Income increased by 2.0% to $1.4 billion. Diluted EPS fell 90.1% to $0.08, while Adjusted EPS decreased 1.3% to $0.78.
Kraft Heinz has lowered its full-year outlook for Organic Net Sales and Adjusted Operating Income but reaffirmed its Adjusted EPS guidance. The company now expects Organic Net Sales to be down 2% to flat, compared to previous expectations of 0-2% growth. Adjusted Operating Income growth is now projected at 1-3%, down from 2-4% previously.
Kraft Heinz has launched IHOP® syrups for home use, bringing the iconic flavors of IHOP pancakes to grocery stores nationwide. The new line includes Original and Butter Pecan flavors, designed to elevate home-cooked breakfasts. This innovation aims to disrupt the syrup aisle, which has seen changes in over 60 years.
Key points:
- IHOP sells over 400 million pancakes annually
- The syrups contain no high fructose corn syrup
- Prices start at $3.98
- Available at select retailers nationwide
This launch is part of Kraft Heinz's Taste Elevation platform, representing 41% of the company's global portfolio, and follows the introduction of IHOP coffee to grocery aisles.
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