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.
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.
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.
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