Kraft Heinz Co Stock Price, News & Analysis

Philadelphia has launched a new plant-based spread, becoming the first mainstream cream cheese brand in this market. The product features a creamy texture and simple ingredients without dairy, lactose, or gluten. With 69% market share in traditional cream cheese, Philadelphia aims to tap into the growing demand for plant-based options as 52% of consumers seek to incorporate more such foods into their diets. This launch is part of Kraft Heinz's strategy to meet consumer expectations and expand plant-based offerings, marking a significant development in their product line.

Kraft Heinz Company has launched new Lunchables Holiday Packs to alleviate holiday stress for parents. The packs, available for free while supplies last, are designed to engage children with familiar snacks and creative building activities. Three unique varieties are offered, including options themed around holiday situations. Brand Manager Erin Fitzgerald emphasizes the company's commitment to fueling kids’ creativity. The Holiday Packs are part of Kraft Heinz's broader goal to enhance consumer experiences, aligning with its mission to make life delicious.

Heinz has launched a unique initiative called “Tip For Heinz,” committing $125,000 to reimburse fans who leave a tip for their favorite ketchup at restaurants. This program stems from a survey revealing that 75% of North Americans prefer Heinz which they report feeling disappointed when it's not available. Patrons can tip an extra $1 and submit their receipts to receive a reimbursement up to $20. Additionally, Heinz will provide a free year's supply of ketchup to the first ten restaurants that adopt Heinz ketchup, aiming to elevate customer satisfaction.

VELVEETA is launching a late-night service called the VELVEETA Foodie Call, allowing fans to satisfy cravings at any hour. Starting November 18, residents in New York City can text “VEL, YOU UP?” to order free late-night eats, while others can request a free foodie call kit. The initiative supports VELVEETA's brand message of indulgence and pleasure. With 2020 net sales of approximately $26 billion, its parent company, Kraft Heinz, aims for sustainable growth in the food industry.

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.