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.
Kraft Heinz has launched the HEINZ KEYSTONE® Automatic Dispenser, a touchless condiment serving solution aimed at boosting consumer confidence in dining out post-COVID-19. This innovative dispenser, utilizing motion sensor technology, holds 1.5 gallons of various HEINZ condiments and delivers a pre-portioned 0.5-ounce serving. A survey indicated that 94% of consumers feel safe using this dispenser. Initial pilots will occur in select U.S. restaurants and venues this November, with broader availability expected in February 2021.
Kraft Heinz is launching a limited-edition STOVE TOP Stuffy Thanksgiving Collection, featuring fashion items inspired by stuffing. The collection includes a unisex red velvet dinner jacket, stuffing cuff links, a reversible shawl, a stuffed headband, and a handkerchief that doubles as a pocket square, with prices ranging from $4.79 to $30. Available from November 17, 2020, at LetsGetStuffy.com, the brand is also donating 50,000 meals to Feeding America to combat hunger this Thanksgiving.
This Veteran’s Day, Maxwell House is partnering with Operation FINALLY HOME, donating $200,000 to build mortgage-free homes for veterans in need over the next two years. The initiative will start in Fernandina Beach, Florida, where Sgt. Bradley Thomas, a medically retired U.S. Marine, will receive a new home. The partnership aims to address veteran homelessness and support military heroes, with Maxwell House also offering coupons for veterans and sponsoring a special program on the History Channel.
The Kraft Heinz Company (KHC) announced its third quarter 2020 results, showcasing a 6.0% increase in net sales to $6.4 billion, driven by strong at-home consumption. Gross profit rose 20.4% to $2.3 billion, despite a 33.7% drop in net income to $597 million. Adjusted EPS increased by 1.4% to $0.70, while cash flow surged 67.0% to $3.3 billion. The company plans mid-single-digit organic sales growth for the fourth quarter and a high-single-digit growth in Constant Currency Adjusted EBITDA. The outlook reflects optimism around the new operating model and recent strategic investments.
The Kraft Heinz Company (Nasdaq: KHC) announced a quarterly dividend of $0.40 per share, payable on Dec. 18, 2020, to stockholders of record by Nov. 27, 2020. The company reported net sales of approximately $25 billion in 2019 and focuses on enhancing its food and beverage brands while making a sustainable impact globally. Kraft Heinz aims to grow through six consumer-driven product platforms and emphasizes its commitment to responsible feeding practices.
Kraft Heinz introduces a unique Halloween celebration as traditional trick-or-treating is discouraged by the CDC. On October 31, the Kool-Aid Man will engage in reverse trick-or-treating, delivering Halloween-themed Kool-Aid Scary Berry Jammers and popping candy to select homes. The initiative aims to bring joy to children unable to participate in conventional festivities. Parents can participate via Kool-Aid's Twitter for a chance to receive special deliveries. This event showcases Kraft Heinz's commitment to adapting to current challenges while maintaining brand engagement.
The Kraft Heinz Company (Nasdaq: KHC) plans to release its third quarter financial results on Thursday, Oct. 29, 2020, before the market opens. A conference call will be held at 8:30 a.m. Eastern Daylight Time to discuss the results, which will include a Q&A session with analysts. Interested parties can access the earnings release and live audio webcast on their investor relations website. Kraft Heinz, a leading global food and beverage company with around $25 billion in net sales for 2019, aims to uphold the sustainable health of its brands and the planet.
Screenvision Media announced State Farm and Kraft Heinz as the exclusive sponsors for its summer drive-in movie series, utilizing the largest drive-in advertising network in the U.S. The initiative aims to provide family-friendly entertainment during the pandemic, featuring branded messages and interactive trivia. Screenvision is enhancing its existing network of over 2,400 theaters, allowing advertisers to connect with engaged audiences. The summer series highlights iconic family brands from Kraft Heinz, enriching the drive-in movie experience.
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?
