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Kraft Heinz Company (KHC) news hub provides investors and stakeholders with direct access to official announcements and market-moving developments from one of the world's largest food and beverage corporations. This comprehensive resource aggregates earnings reports, product innovation updates, leadership changes, and sustainability initiatives straight from the source.
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The Kraft Heinz Company (Nasdaq: KHC) has initiated an Exchange Offer to swap unregistered notes for registered notes valued at $5.5 billion. This includes new Senior Notes with various maturity dates, such as 3.750% due in 2030 and 5.500% due in 2050. The offer aims to meet obligations under a registration rights agreement without generating any proceeds for the company. The deadline for the Exchange Offer is set for January 19, 2021, with settlement shortly thereafter. Relevant information can be found in the prospectus filed with the SEC.
VELVEETA is offering a unique holiday gift to two Florida Miami Dolphins fans, allowing them to experience a game from the exclusive VELVEETA Quesofa at Hard Rock Stadium on Dec. 20. The Quesofa includes features such as a personal queso warmer, snack storage, and nacho pillows. Residents can enter the contest by tweeting with the hashtag '#QuesofaContest' until Dec. 16, with winners announced on Dec. 17. This promotion aims to enhance game-day experiences while maintaining social distancing.
The Kraft Heinz Company (KHC) is launching a contest to remix the classic Bagel Bites jingle, encouraging fans to showcase their creativity for a chance to win a $10,000 prize and a year’s supply of snacks. As indoor activities increase during the holiday season, the contest aims to engage audiences while providing a fun outlet. Participants can submit their entries at bagelbops.com until December 10. This initiative reflects the brand's focus on consumer engagement and adaptability, particularly in a time when many are seeking entertainment at home.
The Kraft Heinz Company (Nasdaq: KHC) announced that Carlos Abrams-Rivera, U.S. Zone President, will participate in a fireside chat at Morgan Stanley’s Virtual Global Consumer & Retail Conference. The live webcast is scheduled for Wednesday, Dec. 2, 2020, at 8:00 a.m. Eastern Time, accessible via ir.kraftheinzcompany.com. A replay will be available post-event. Kraft Heinz aims to drive transformation and grow its iconic food and beverage brands worldwide, with 2019 net sales around $25 billion.
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.
