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The Kraft Heinz Company (Nasdaq: KHC) plans to release its first-quarter 2022 financial results on April 27, 2022, before market opening. A press release and supplementary materials, including a pre-recorded management discussion, will be available. Following the release, Kraft Heinz management will conduct a live Q&A session with analysts starting at 9:00 a.m. EDT. The earnings materials and audio of the Q&A can be accessed via ir.kraftheinzcompany.com. Kraft Heinz reported $26 billion in net sales for 2021.
Kraft Heinz has completed its acquisition of a majority stake in Companhia Hemmer, a Brazilian food company known for condiments and sauces. Approved without restrictions by Brazil's antitrust authority, CADE, this strategic move supports Kraft Heinz's growth in the emerging Brazilian market and enhances its International Taste Elevation platform. The acquisition promises to leverage Hemmer's long-standing market presence and Kraft Heinz's distribution network to accelerate growth for both entities.
The Kraft Heinz Company (KHC) has entered a long-term agreement with Simplot Food Group to become the exclusive manufacturer and supplier of the Ore-Ida brand. Kraft Heinz will retain ownership of Ore-Ida while transferring its Ontario potato manufacturing facility to Simplot. This partnership aims to enhance brand growth through innovation and vertical integration, starting with the 2023/24 crop season. With net sales of approximately $500 million, Kraft Heinz sees significant growth potential for Ore-Ida. The deal aligns both companies' commitment to quality and community.
The Kraft Heinz Company (Nasdaq: KHC) has announced a joint venture with food tech start-up NotCo, aimed at innovating global food production and promoting sustainability. The new entity, The Kraft Heinz Not Company, will utilize NotCo's patented AI technology to create superior plant-based products. This collaboration seeks to accelerate the adoption of plant-based foods, addressing current consumer demands for better taste and variety. The initiative aligns with Kraft Heinz's objective to enhance its product portfolio towards cleaner and greener offerings.
The Kraft Heinz Company (KHC) announced its strategic transformation progress at the CAGNY Conference, aiming to enhance long-term growth. CEO Miguel Patricio highlighted a successful transition to using their scale effectively. Kraft Heinz introduced its AGILE@SCALE initiative, focusing on tech partnerships and digital capabilities. The company increased its long-term growth targets, adjusting organic net sales growth to 2%-3%, adjusted EBITDA growth to 4%-6%, and adjusted EPS growth to 6%-8%. Kraft Heinz anticipates delivering at least $2 billion in gross efficiencies and expects to maintain strong free cash flow.
The Kraft Heinz Company (Nasdaq: KHC) announced the retirement of Chair Alexandre Behring and the intended appointment of CEO Miguel Patricio as Chair, subject to re-election at the 2022 Annual Meeting. Behring's contributions over the years were acknowledged by both Miguel Patricio and Greg Abel of Berkshire Hathaway. Additionally, James Park from Google has been nominated for election to the Board. His experience in technology and digital capabilities is seen as integral to Kraft Heinz's ongoing transformation strategy.
The Kraft Heinz Company (KHC) announced a multi-year strategic partnership with Google to enhance consumer understanding and digital transformation. This collaboration focuses on leveraging Google Cloud's data analytics and AI tools, enabling Kraft Heinz to innovate product development, enhance consumer engagement, and improve marketing efficiency. The company aims to shorten product time-to-market and personalize consumer experiences using insights from its new data platform. This partnership marks a pivotal step in Kraft Heinz's ongoing transformation efforts to meet evolving consumer demands.
The Kraft Heinz Company (KHC) has declared a quarterly dividend of $0.40 per share, payable on March 25, 2022, to stockholders of record as of March 11, 2022. In 2021, the company reported net sales of approximately $26 billion, focusing on growth across six consumer-driven product platforms. Kraft Heinz aims to drive transformation with a commitment to sustainability and ethical practices, striving to feed the world responsibly.
The Kraft Heinz Company (KHC) reported its Q4 and full-year 2021 results, showing a net sales decline of 3.3% year-over-year to $6.7 billion. Despite this, organic net sales grew 3.9%. The company faced a net loss of $255 million, primarily due to non-cash impairment losses of $1.3 billion. Gross profit decreased by 14.3%, while adjusted EBITDA fell to $1.6 billion. For 2022, Kraft Heinz anticipates low-single-digit organic net sales growth, projecting adjusted EBITDA between $5.8 billion and $6.0 billion.
The Kraft Heinz Company (KHC) announced the retirement of Alexandre Van Damme from its Board of Directors and the nomination of Alicia Knapp, President and CEO of BHE Renewables, to replace him. This change will take effect at the 2022 Annual Meeting of Stockholders. Greg Abel, a member of the Kraft Heinz Board, expressed confidence in Knapp's leadership experience and her relevance to the company's environmental, social, and governance (ESG) strategy. Knapp has over 20 years of experience in renewable energy within the Berkshire Hathaway group.
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