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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.
Oscar Mayer introduces a new line of Stuffed Dogs with bold flavors like Cheese, Jalapeño Cheddar, and Chili Cheese to grocery stores nationwide. The brand aims to cater to the evolving preferences of consumers by providing unique and delicious options inspired by restaurant offerings. Stuffed Dogs are currently outpacing traditional hot dogs in the Cheese Dog category, prompting Oscar Mayer to expand its product line to meet consumer demand for flavorful and indulgent options. The new Stuffed Dogs are available in eight-packs for $4.99 at major grocery retailers.
Kraft Heinz and TGI Fridays announced a new perpetual licensing deal to sell TGI Fridays branded frozen appetizers in retail locations across North America. The agreement replaces a prior duration arrangement and focuses on bringing high-quality restaurant-inspired appetizers to consumers.
The Kraft Heinz Company (KHC) has declared a regular quarterly dividend of $0.40 per share of common stock, payable on June 28, 2024. The dividend is a positive signal to investors of the company's financial stability and commitment to returning value to shareholders.
The Kraft Heinz Company reported its first quarter 2024 results, with net sales decreasing 1.2% and organic net sales down 0.5%. Gross profit margin increased by 240 basis points, and operating income rose by 4.7%. Diluted EPS was $0.66, down 2.9%, while adjusted EPS increased by 1.5% to $0.69. The company reaffirmed its full-year outlook for 2024, expecting organic net sales growth of 0 to 2%, adjusted operating income growth of 2 to 4%, and adjusted EPS growth of 1 to 3%.
VELVEETA, the iconic cheese brand, introduces its first-ever Queso offering in three tasty flavors, along with new Shells & Cheese varieties and a Gluten-Free option. This marks the brand's first innovation in five years, aiming to captivate a younger audience and provide convenient, flavorful, and customizable options for cheese lovers.
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