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 (Nasdaq: KHC) has declared a quarterly dividend of $0.40 per share, payable on March 26, 2021, to stockholders of record as of March 12, 2021. With 2020 net sales of approximately $26 billion, Kraft Heinz remains focused on driving transformation and growth across its food and beverage brands. The company is dedicated to sustainability and making a positive impact while catering to consumer-driven demands.
The Kraft Heinz Company (Nasdaq: KHC) reported robust financial results for Q4 and the full year 2020, highlighting a significant net income increase of 467.5% to $1.0 billion and a 460.0% rise in diluted EPS to $0.84. Total net sales reached $6.9 billion, a 6.2% increase year-over-year. The company exceeded its multi-year transformation plan and anticipates continued growth in 2021. Key drivers include pricing gains, productivity efficiencies, and strong retail momentum, despite challenges in foodservice. Adjusted EBITDA grew 14.3% to $1.8 billion, bolstered by operational improvements.
Kraft Heinz has launched the new Philadelphia Cheesecake Crumble, a single-serving dessert to help couples resolve the 'last bite dilemma' over sharing desserts. A survey indicated 53% of couples have argued about sharing food, prompting this innovative solution. Available in four flavors, the product retails at $3.99 and aims to enhance Valentine's Day celebrations. Additionally, Kraft Heinz offers a chance for couples to receive $150 towards couples therapy, addressing increased interest in therapy during the pandemic. The promotion runs from February 9 to 14, 2021, while supplies last.
The Kraft Heinz Company is launching Philadelphia Cheesecake Crumble, a new personal serving dessert aimed at couples. Addressing the common issue of sharing the last bite, the product is available in four flavors: Strawberry, Original, Cherry, and Chocolate Hazelnut, at a suggested retail price of $3.99. To promote the product, free samples will be offered during Valentine’s Day weekend (2/9/21 – 2/14/21). Additionally, the brand will provide up to $150 to selected couples to help cover therapy costs, as one in three couples consider therapy due to pandemic-induced stress.
The global infant nutrition market is projected to grow at a CAGR of 7.7%, reaching $61.6 billion by 2026. This growth is driven by a rising population of working mothers seeking convenient nutrition options. Companies like Else Nutrition (TSXV:BABY), Kraft Heinz Co (NASDAQ:KHC), Abbott Laboratories (NYSE:ABT), Danone (OTCQX:DANOY), and Walmart (NYSE:WMT) are capitalizing on this trend. Notably, Else Nutrition has launched a plant-based formula and expanded its distribution in North America through major retailers.
MR. PEANUT is back with a purpose, allocating $5 million to celebrate unsung heroes making a difference in their communities, rather than traditional advertising. The initiative, framed within PLANTERS ‘A Nut Above’ campaign, focuses on acknowledging everyday acts of kindness. The first grant of $130,000 will support Hook Hall in D.C. to aid hospitality workers. Additionally, MR. PEANUT will reward 20 bars with $50,000 each, fostering local community support. This year-long campaign emphasizes Kraft Heinz's commitment to consumer engagement and positive community impact.
The Kraft Heinz Company (Nasdaq: KHC) announced the final results of its Exchange Offer, allowing the exchange of unregistered notes for new registered notes. As of the January 19, 2021 expiration, significant participation was noted with 99.63% of Outstanding 2030 Notes and 99.97% of Outstanding 2049 Notes validly tendered. The Issuer accepted all tendered notes and issued equivalent Exchange Notes. No proceeds from the Exchange Offer were received, and the settlement occurred on January 21, 2021.
The Kraft Heinz Company (Nasdaq: KHC) will release its fourth quarter and full year 2020 financial results on Feb. 11, 2021. A press release and supplemental materials will be available before market opening, followed by a live Q&A session with management at 9:00 a.m. EST. Additionally, CEO Miguel Patricio and the executive team will present at the virtual Consumer Analyst Group of New York Conference on Feb. 16, 2021, at 3:10 p.m. EST. Access to the earnings release and events is available at ir.kraftheinzcompany.com.
Kraft Mac & Cheese has announced the development of its first-ever recyclable fiber-based microwavable cup, set for launch later in 2021. This innovative cup, which is microwave safe and boasts a direct print design, aims to reduce plastic use while being recyclable and compostable. Kraft Heinz is collaborating with partners to certify recycling labels for consumer guidance. The initiative aligns with the company's commitment to achieving 100% recyclable, reusable, or compostable packaging by 2025, reflecting its focus on sustainability.
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?
