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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.
HEINZ is celebrating Halloween with the launch of HEINZ Tomato Blood Ketchup, a new condiment available at grocery stores nationwide. Alongside this, HEINZ is opening its first-ever Halloween Store in Los Angeles on
The Kraft Heinz Company (Nasdaq: KHC) will announce its third quarter 2021 financial results on Wednesday, Oct. 27, 2021, before the market opens. A press release and supplemental materials, including a pre-recorded management discussion, will be available on their investor relations website. Following the release, Kraft Heinz management will host a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. Access earnings and the Q&A replay at ir.kraftheinzcompany.com.
La Moutarde Vin, a limited-edition white wine infused with Grey Poupon mustard seeds, has been launched, celebrating the white wine used in the brand’s Dijon recipe. This 2020 Viognier features bright citrus and floral notes, ideal for enhancing lunch experiences. Priced at $30, it includes an 8oz jar of Grey Poupon Dijon Mustard. The initiative aims to revive leisurely lunches as a response to fast-paced meal trends.
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.
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