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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 signed an agreement to acquire Assan Foods from Kibar Holding for approximately $100 million. Assan Foods, established in 1998, specializes in sauces and operates local manufacturing in Turkey. This acquisition aims to enhance Kraft Heinz's retail and foodservice operations across Europe, the Middle East, and Africa. The deal is pending customary closing conditions, including regulatory approvals, and is expected to conclude in H2 2021.
Kraft Heinz announced cash tender offers to purchase up to $2.8 billion of its outstanding notes through its subsidiary Kraft Heinz Foods Company. The Offers include various series of Senior Notes, with principal amounts ranging from $235 million to nearly $2 billion. The Offers are subject to conditions outlined in the Offer to Purchase dated June 7, 2021, and will expire on June 11, 2021. Holders can withdraw their tendered Notes until the same expiration date. Settlement for accepted Notes is expected on June 14, 2021. Further details are available through the appointed dealer managers and tender agent.
Hormel Foods Corporation has finalized its acquisition of the Planters® snacking portfolio from Kraft Heinz, marking its largest purchase to date. This deal includes popular brands such as NUT-rition®, Cheez Balls, and Corn Nuts®, along with three production facilities. The acquisition is part of Hormel's strategy to expand its snacking offerings and enhance its brand portfolio, which also features SKIPPY® and SPAM®. Hormel's leadership anticipates significant growth potential for the Planters® brand fueled by its marketing and sales capabilities.
The Kraft Heinz Company has finalized the sale of its nuts business to Hormel Foods for $3.35 billion. This divestiture, announced on February 11, 2021, includes the Planters brand and associated products, such as single variety and mixed nuts, trail mix, and Cheez Balls. CEO Miguel Patricio stated that this sale marks a significant milestone in Kraft Heinz's transformation strategy and enhances their growth profile. The transaction also covers global intellectual property rights related to the Planters and Corn Nuts brands.
The Kraft Heinz Company (KHC) announces its inaugural 'HEINZ Head Burger Artist' contest, inviting burger enthusiasts to submit photos of their best creations by July 19. The winner will receive $25,000 and unique perks, including a travel opportunity to taste-test America's best burgers, consulting on future HEINZ condiment innovations, and a lifetime supply of HEINZ products. This initiative aims to celebrate creativity in burger making while enhancing brand engagement through social media interactions under the hashtag #ArtOfTheBurger.
Kraft Mac & Cheese is launching exclusive Space Jammies pajamas in partnership with the upcoming movie Space Jam: A New Legacy. The promotion includes new macaroni shapes featuring popular Looney Tunes characters, available starting June 1 for $2.49. The pajama promotion aims to enhance family movie nights, with additional chances to win merchandise from May 20 to 25. This initiative aligns with Kraft Heinz's strategy to drive brand engagement through partnerships, enhancing the connection between their products and popular culture.
The Kraft Heinz Company (Nasdaq: KHC) has announced a quarterly dividend of $0.40 per share of common stock, payable on June 25, 2021, to shareholders on record as of May 28, 2021. In 2020, the company reported net sales of approximately $26 billion, demonstrating its commitment to growth across its diverse food and beverage brands. Kraft Heinz emphasizes its dedication to sustainability and responsible practices as it aims to make a positive impact globally.
The Kraft Heinz Company (Nasdaq: KHC) reported a strong first quarter of 2021, with net sales reaching $6.4 billion, up 3.9% year-over-year. Organic net sales grew by 2.5%, driven by favorable product mix and a reduced corporate expense ratio. Net income surged by 49% to $568 million, while diluted EPS rose to $0.46, a 48.4% increase. The company anticipates continued growth, expecting mid-single-digit increases in organic net sales and constant currency adjusted EBITDA for Q2 2021 compared to 2019. Strong cash flow and lower corporate expenses were also highlighted.
HEINZ is partnering with The LEE Initiative and Southern Restaurants for Racial Justice to support Black-owned restaurants through a grant program. This initiative aims to ensure the long-term success of these cultural establishments by providing financial support of up to $20K per grant, highlighting restaurant stories on HEINZ's social media, and offering business expertise from HEINZ employees. The program not only seeks to preserve the legacy of Black-owned restaurants but also emphasizes the importance of diversity and equity in the restaurant industry.
Jet-Puffed has launched two new lines of snacking marshmallows—regular, mini, and strawberry flavors in resealable pouches, and Jet-Puffed Bites in Coconut, Birthday Cake, and S’mores flavors. The new resealable packaging helps retain freshness, ensuring a soft texture for consumers. The suggested retail price is $3.99 for Bites and $2.99 for marshmallows. This product launch aims to meet the increasing demand for convenient snack options.
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