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.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect The Kraft Heinz Company's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of The Kraft Heinz Company's position in the market.
Kraft Heinz (Nasdaq: KHC) announced that CEO Carlos Abrams-Rivera and CFO Andre Maciel will join Deutsche Bank’s 21st Annual dbAccess Global Consumer Conference in Paris on June 4, 2024.
Their participation includes a fireside chat at 3:45 p.m. Central European Time (9:45 a.m. Eastern Daylight Time). A live webcast and a replay of the event will be available on the company's investor relations website.
Kraft Heinz Canada and Highbury Canco have extended their partnership agreement for an additional four years, ensuring continued production at the Leamington facility through 2027. This extension marks the third consecutive renewal in their longstanding collaboration. The Leamington facility, employing over 600 Canadians, will produce approximately $1 billion worth of Kraft Heinz Canada's products, such as Heinz beans, Heinz tomato juice, and Classico pasta sauce. Highbury Canco's facility also exclusively produces the tomato paste used in all Heinz Ketchup made at Kraft Heinz’s Mont Royal facility in Montreal. This agreement highlights Kraft Heinz Canada's commitment to Canadian communities and provides significant stability for Highbury Canco's workforce and operations.
The Kraft Heinz Company (Nasdaq: KHC) announced that its CEO, Carlos Abrams-Rivera, will be participating in a fireside chat at Bernstein’s 40th Annual Strategic Decisions Conference. The event is scheduled for May 30, 2024, at 3:30 p.m. EDT. A live webcast and replay of the event will be available on Kraft Heinz's investor relations website.
The Kraft Heinz Company (Nasdaq: KHC) has launched a new brand in Canada called Pure J.L. KRAFT, introducing twelve new shelf-stable dressings and marinades free from artificial preservatives, flavours, and colours. This is Kraft Heinz's first significant innovation in Canada's salad dressing market in over five years. The line includes six entirely new flavours: Pomegranate Zaatar, Honey & Shallots, Miso Lime Ginger, Moroccan Lemon, Orange Turmeric Poppyseed, and Black Garlic & Cracked Pepper. This launch is part of Kraft Heinz's strategy to expand its Canadian portfolio and reflects the company's commitment to insight-driven innovation, particularly within its Taste Elevation platform, which makes up 41% of its global portfolio.
Capri Sun has introduced its first innovation in nearly a decade with the launch of a new 96-oz Multi-Serve bottle of its classic Fruit Punch flavor. This new format, equivalent to 32 pouches, is now available at leading club retailers like BJ's, Sam's Club, and select Costco locations. The release responds to fan demand, with 76% of suggestions between 2020 and 2023 requesting a larger product size. The launch aims to expand Capri Sun's presence in the $38 billion Ready to Drink category, providing greater value for families and groups shopping in bulk. Senior Brand Manager Jordan Mann emphasizes that this new product allows fans to relive their childhood memories while catering to their current needs.
Bagel Bites, the beloved oven-baked snack, makes a triumphant return to Canadian grocery shelves after fans expressed disappointment following its 2021 exit. The snack offers three iconic flavors and convenient preparation options, aiming to recapture its nostalgic appeal and bring back lost shoppers. With a focus on flavor, convenience, and a new packaging design, Bagel Bites is set to reignite its position as a household snack favorite in Canada.
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%.
