Kraft Heinz Co Stock Price, News & Analysis

Kraft Heinz's iconic brand, Shake 'N Bake, has announced the removal of its plastic 'shaker' bag to enhance sustainability. This change affects the entire product line and aims to eliminate 900,000 pounds of plastic waste, equating to the weight of over 270 mid-size cars. The decision aligns with consumer demand for less plastic, as 73% of consumers express the desire to reduce plastic usage. Shake 'N Bake continues to lead the market with a 10.1% growth since 2019, supporting Kraft Heinz's broader ESG strategy for 100% recyclable, reusable, or compostable packaging by 2025.

The Kraft Heinz Company (Nasdaq: KHC) announced the appointment of Diane Gherson to its Board of Directors, effective November 3, 2022. Gherson, former Chief Human Resources Officer at IBM, brings extensive experience in human resources and organizational transformation. Under her leadership, IBM was recognized for its corporate culture, achieving notable rankings in employer surveys. She will also serve on the Board's Compensation Committee, aiming to leverage her expertise to support Kraft Heinz's growth objectives.

The Philadelphia® cream cheese brand has launched its first-ever Philly™ Handbag, combining fashion with cheesecake baking. The handbag, priced at $19.10, allows shoppers to create their cheesecake while embracing the holiday spirit. This initiative arrives during a season when an estimated 46 million slices of Philly™ cheesecake will be enjoyed. The brand's “Cheesecake is Everything” campaign promotes new cheesecake recipes and inspires creative baking solutions. With a rich 150-year history, the brand aims to rekindle consumer interest following last year’s cream cheese shortage.

KRAFT Real Mayo has launched "The Smooth Lover’s" collection in collaboration with Juicy Couture, marking their first-ever merchandise line together. This exclusive apparel collection includes a plush velour tracksuit and a tube top, both featuring creative branding elements that pay homage to both brands. Priced at $150, the collection is aimed at fans who express their individuality. The pre-order began today, with additional inventory to be released on November 4, 2022. This venture aligns with KRAFT's latest campaign, embracing consumer connections with mayo.

The Kraft Heinz Company (Nasdaq: KHC) announced a quarterly dividend of $0.40 per share, payable on December 30, 2022. Stockholders of record as of November 25, 2022 will be eligible. With 2021 net sales of approximately $26 billion, the company emphasizes its commitment to growing iconic and emerging food brands while focusing on sustainability and ethical impacts. Kraft Heinz aims to leverage its scale and agility across various product platforms to enhance consumer experience.

Oscar Mayer is launching a unique campaign called BacOFF to encourage bacon lovers to abstain from meat on World Vegan Day on November 1. A recent survey reveals that 63% of vegans wish they could eat bacon, highlighting its strong appeal. The brand pledges to remove bacon imagery from its paid media and social platforms on this day. Participants can win a lifetime supply of bacon by sharing their commitment on social media. This initiative aims to balance indulgence with plant-based choices.

The Kraft Heinz Company (KHC) reported strong financial results for Q3 2022, with net sales increasing by 2.9% year-over-year to $6.5 billion, driven by a notable 11.6% rise in organic net sales. North America saw a slight year-over-year net sales increase of 1.5%, while international sales grew by 7.7%. However, net income decreased by 40.8% to $435 million, and diluted EPS fell by 40.7% to $0.35. The company reaffirmed its full-year outlook for organic net sales and raised the lower end of its adjusted EBITDA range to $5.9 billion to $6.0 billion, despite supply chain uncertainties.

The Kraft Heinz Company (Nasdaq: KHC) announced its 2022 ESG Report, highlighting significant progress in diversity, emissions reduction, and food security goals. In 2021, the company increased the representation of women and people of color in management roles by 2%. It committed to reducing emissions by 50% by 2030 and achieving net-zero by 2050. Additionally, Kraft Heinz delivered 440 million meals to those in need, nearing its goal of 1.5 billion meals by 2025. The report reflects the company’s ongoing commitment to its ESG priorities and responsible business practices.

The Kraft Heinz Company (Nasdaq: KHC) will announce its third quarter 2022 financial results on October 26, 2022. A press release and supplementary materials will be available before the market opens, followed by a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. Interested parties can access the earnings release and audio of the session at ir.kraftheinzcompany.com, where a replay will be posted post-event. In 2021, Kraft Heinz reported net sales of approximately $26 billion.