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.
The Kraft Heinz Company has completed its acquisition of Assan Foods from Kibar Holding, as first announced on June 11, 2021. Based in Istanbul, Assan Foods specializes in sauces and has been a certified production partner since 2019. This acquisition is part of Kraft Heinz's strategy to enhance its growth in the European, Middle Eastern, and African markets, focusing on taste elevation.
Assan Foods, established in 1998, produces a variety of products like ketchup and tomato paste. This deal aims to further expand Kraft Heinz's foodservice and retail businesses.
The Kraft Heinz Company has launched a playful 13-piece capsule collection named 'Street Meat,' inspired by their Hotdoggers, the iconic drivers of the Wienermobile. This collection reimagines streetwear trends with meat-themed designs, including bucket hats and bomber jackets. Rather than the typical streetwear hype, the collection will be sold at hot dog carts in cities like New York, Los Angeles, and Atlanta, along with pop-up shops throughout October. The initiative aims to inject fun into streetwear, consistent with Oscar Mayer's legacy of creating joyful experiences.
Kraft Heinz has announced its acquisition of Companhia Hemmer, a Brazilian condiment and sauce producer, as part of its strategy to enhance taste options in Brazil. This acquisition aims to bolster Kraft Heinz's Taste Elevation strategy, expanding its product portfolio and presence in emerging markets. Hemmer, a 106-year-old company noted for its quality products, is expected to benefit from Kraft Heinz's extensive distribution network. The deal is pending regulatory approval from Brazil's CADE.
The Kraft Heinz Company (Nasdaq: KHC) announces the appointment of Abby Blunt as Strategic Advisor for Government & ESG Affairs, effective October 4, after a 20-year career with the company. Blunt led significant changes in U.S. labeling laws and tax code advocacy. Bill Behrens joins as Vice President, Global Head of Government Affairs, starting September 13. His prior experience includes a decade at General Electric, where he developed federal advocacy strategies.
The Kraft Heinz Company (Nasdaq: KHC) shared insights into its transformation plan during the 2021 Barclays Global Consumer Staples Conference. CEO Miguel Patricio highlighted efforts to enhance growth through an agile operating model amidst pandemic challenges. Key actions include significant investments in marketing, increasing pricing across two-thirds of its U.S. portfolio, and focusing on consumer needs. The company aims for 2021 Adjusted EBITDA exceeding
The Lunchables brand, part of Kraft Heinz, is launching limited-edition "Lunchabuilds" building kits as part of a creative initiative at FAO Schwarz in New York City. This immersive experience showcases large-scale Lunchables creations, including a 6-foot rocket ship, and encourages kids to build and eat their food. Available starting September 3 for $100, the kits aim to inspire future explorers, architects, and biologists. This move aligns with Lunchables' new brand platform, "Built to be Eaten," transforming the brand into a playful experience for kids.
The Kraft Heinz Company (Nasdaq: KHC) will have its CEO Miguel Patricio, CFO Paulo Basilio, and U.S. Zone President Carlos Abrams-Rivera participate in a fireside chat at the Barclays Global Consumer Staples Conference on Sept. 8, 2021, at 9:20 a.m. Eastern Time. A live webcast can be accessed through the company's investor relations website, with a replay available afterward. Kraft Heinz reported approximately $26 billion in net sales for 2020 and is focused on transforming its brand portfolio while emphasizing sustainability and consumer engagement.
Kraft Heinz has partnered with Lyft to introduce the iconic Wienermobile as a rideshare option in major cities, including New York, Chicago, Los Angeles, and Atlanta. From August 25-27, lucky Lyft XL riders may be surprised with complimentary rides in the 27-foot-long vehicle, complete with music and themed giveaways. This initiative aims to evoke joy during summer outings as both companies focus on enhancing customer experiences.
The Kraft Heinz Company (Nasdaq: KHC) has declared a quarterly dividend of $0.40 per share for its common stock. This dividend will be payable on September 24, 2021, to shareholders recorded as of September 1, 2021. With net sales of approximately $26 billion in 2020, Kraft Heinz emphasizes consumer-centric growth and sustainability. The company aims to transform its portfolio while maintaining a commitment to healthy and ethical practices.
Kraft Heinz (KHC) reported Q2 2021 financial results, indicating a net sales decline of 0.5% to $6.6 billion, primarily influenced by divestitures. The company achieved a significant net income improvement of 98.5% to a loss of $25 million due to reduced non-cash impairment charges. Adjusted EBITDA fell 5.2% to $1.7 billion, but increased 6.6% versus 2019. For Q3 2021, Kraft Heinz expects a mid-single-digit increase in Organic Net Sales compared to Q3 2019, despite forecasting a low-single-digit decline in Constant Currency Adjusted EBITDA versus 2020.
FAQ
What is the current stock price of The Kraft Heinz Company (KHC)?
What is the market cap of The Kraft Heinz Company (KHC)?
What is The Kraft Heinz Company?
When was The Kraft Heinz Company formed?
What are some of The Kraft Heinz Company's well-known brands?
What markets does The Kraft Heinz Company operate in?
How much of the company’s sales come from the retail channel?
What recent initiatives has The Kraft Heinz Company launched?
What is the company’s stance on sustainability?
Does The Kraft Heinz Company operate in the foodservice sector?
Where can I find more information about The Kraft Heinz Company?
What percentage of consolidated sales does the international market contribute?
