Kraft Heinz Co Stock Price, News & Analysis

The Kraft Heinz Company (Nasdaq: KHC) confirmed its 2022 guidance while participating in the Barclays Global Consumer Staples Conference. CEO Miguel Patricio highlighted two completed transformation phases, now focusing on driving profitable growth through personalized marketing and innovation. The company targets organic net sales growth of 2-3%, adjusted EBITDA growth of 4-6%, and adjusted EPS growth of 6-8%. They are also shifting their long-term net leverage target from below four times to approximately three times, emphasizing financial flexibility and capital return strategies.

The Kraft Heinz Company (NASDAQ: KHC) announced participation in the Barclays Global Consumer Staples Conference on Wednesday, Sept. 7, 2022, at 9:45 a.m. Eastern Time. Key executives, including CEO Miguel Patricio and CFO Andre Maciel, will engage in a fireside chat. A live webcast will be available on the company's investor relations website, with a replay accessible post-event. In 2021, Kraft Heinz reported approximately $26 billion in net sales, focusing on consumer-driven products and sustainable practices.

The Kraft Heinz Company (Nasdaq: KHC) announced a definitive agreement to sell its B2B powdered cheese business to Kerry Group. This transaction, expected to close in the second half of 2022, includes the Albany, Minnesota manufacturing facility. The divestiture is part of Kraft Heinz's ongoing portfolio optimization strategy, aimed at refining its business focus. The deal will transfer employees from Kraft Heinz to Kerry Group as part of the agreement.

Oscar Mayer has launched the first-ever “Cold Dog,” a frozen pop flavored like its iconic wiener, following a successful social media campaign. The product, available for $2 at select Popbar locations in Long Beach, Alpharetta, and New Orleans, received significant praise from fans. This quirky treat, created in partnership with Popbar, features refreshing and smoky notes of hot dogs topped with mustard. The Wienermobile is touring to promote this new item through August 27. Oscar Mayer aims to provide unique experiences while leveraging its long-standing brand heritage.

Lunchables, a Kraft Heinz brand, launches its innovative 'Order This Build' feature, enabling families to order packs for over 25 unique 'Lunchabuilds'. These creations include designs like bears and helicopters, accessible through Lunchables.com. In celebration, a sweepstakes allows participants to win $2,000 for sharing their Lunchabuild creations on Instagram until September 4. The campaign encourages creativity while connecting kids with the brand, supported by extensive out-of-home advertising in multiple cities.

Delimex, a Kraft Heinz brand, is transforming the frozen snack market with revamped packaging and flavors. This summer, they are launching products with nearly double the filling for a better taste experience. The frozen snack category is worth $6B, with Mexican-inspired snacks driving significant growth. The refreshed offerings include various taquitos, available nationwide at retailers like Walmart and Target. Delimex is also celebrating its heritage with murals in Dallas and Baltimore, created by local artists.

Capri Sun, a brand under Kraft Heinz, announced a major reformulation of its original juice drink, reducing total sugars by an average of 40%. Each serving will now contain 8g of total sugars and 5g of added sugars, aiming to meet growing parental demand for healthier options. The new product, using monk fruit concentrate, will hit shelves in August 2022 with updated packaging. This initiative marks the brand's largest renovation since its launch in 1986 and underscores Kraft Heinz's commitment to innovation and sustainability.

The Kraft Heinz Company (KHC) has declared a regular quarterly dividend of $0.40 per share, payable on September 23, 2022. This dividend will be available to shareholders on record as of August 26, 2022. In 2021, the company reported net sales of approximately $26 billion, focusing on consumer-centered growth and sustainability. Kraft Heinz aims to enhance its iconic food and beverage brands while committing to ethical practices that contribute to global food responsibility.

The Kraft Heinz Company (KHC) reported its Q2 2022 financial results, revealing a 0.9% decrease in net sales to $6.6 billion, with a strong organic net sales growth of 10.1%. Despite challenges, the company anticipates a high-single-digit increase in organic net sales for the full year. Gross profit dropped by 13.4%, and adjusted EBITDA fell by 10.9% compared to the previous year. However, net income surged to $265 million, showing a 1,136.4% increase driven by lower tax and interest expenses. KHC maintains its adjusted EBITDA outlook for the year at $5.8-$6.0 billion.