Welcome to our dedicated page for The Kraft Heinz Company news (Ticker: KHC), a resource for investors and traders seeking the latest updates and insights on The Kraft Heinz Company stock.
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.
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.
KRAFT Mac & Cheese has partnered with Nintendo to launch KRAFT Mac & Cheese Super Mario Power-Up Shapes. This collaboration celebrates over 30 years of KRAFT's shapes line-up and features iconic elements from the Super Mario universe, including Fire Flower, Super Star, and Super Mushroom shapes. The new product aims to bring families together at mealtime, combining the comfort of KRAFT Mac & Cheese with the fun of Super Mario.
The shapes line-up has been a fan-favorite since its inception, with over 300 different shapes and more than 30 patents. KRAFT Mac & Cheese Super Mario Power-Up Shapes are now available in major retailers nationwide in both classic blue boxes and Easy Mac cups (packs of 4).
Ore-Ida and GoodPop have launched a unique frozen treat inspired by the popular combination of French fries dipped in milkshakes. The Fudge n' Vanilla French Fry Pop is now available nationwide, just in time for National Ice Cream Day on July 21.
This innovative treat features a vanilla oatmilk frozen base wrapped in a chocolate fudge shell and rolled in crispy potato bits. It offers a convenient, mess-free way to enjoy the sweet and salty combo at home. The -edition pops are dairy and gluten-free, catering to various dietary needs.
Priced at $9.99 for a pack of 4, the Fudge n' Vanilla French Fry Pops can be purchased online through GoodPop's website. This collaboration aims to bring a unique twist to a classic American flavor combination, making it accessible for home consumption.
HEINZ is releasing -edition collectibles inspired by Marvel Studios' "Deadpool & Wolverine", allowing fans to accessorize their ketchup and mustard bottles to resemble the superheroes. This collaboration stems from social media observations highlighting similarities between the iconic duos. The collectibles include Deadpool's mask, suit, and katanas for ketchup bottles, and Wolverine's claws, suit, and mask for mustard bottles.
The campaign features a short film with a voiceover by Ryan Reynolds as Deadpool, humorously acknowledging the resemblance between the characters and condiments. HEINZ will release a select number of these collectibles in the U.S. via social media in the upcoming weeks, with further details to be announced soon on the HEINZ Instagram.
The Kraft Heinz Company (Nasdaq: KHC) will announce its second quarter 2024 financial results on July 31, 2024. A press release and supplementary materials, including a pre-recorded management discussion, will be available before the market opens. Following this, Kraft Heinz management will hold a live Q&A session with analysts at 9:00 a.m. EDT. The earnings release, supplement materials, and audio from the Q&A session will be accessible on the company's investor relations website. A replay will also be available after the event.
Claussen® Pickles, a 150-year-old brand known for its refrigerated pickles, has partnered with New York-based Baked by Melissa to celebrate National Pickle Month with an exclusive pickle cupcake. Available starting July 8th, the pickle-infused cupcakes combine Claussen's tangy flavor with Baked by Melissa's bite-sized vanilla cakes and pickle buttercream icing. These cupcakes offer a sweet-salty-sour twist, available in packs of 6 for $10.25 at Baked by Melissa stores and packs of 25 for $37.00 online. This collaboration was inspired by the growing popularity of pickle flavors, with 73% of Americans enjoying pickles. For more details, visit @claussenpicklesofficial on Instagram or BakedbyMelissa.com.
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