Welcome to our dedicated page for Kraft Heinz Co news (Ticker: KHC), a resource for investors and traders seeking the latest updates and insights on Kraft Heinz Co stock.
The Kraft Heinz Company (Nasdaq: KHC) generates a steady stream of brand, product, and corporate news that reflects its role as a major global food and beverage manufacturer. Company communications emphasize a focus on consumers, a portfolio of iconic and emerging brands, and eight consumer-driven product platforms. For followers of KHC, the news cycle provides insight into how Kraft Heinz activates brands such as HEINZ, Kraft Mac & Cheese, Oscar Mayer, JELL-O, and Ore-Ida.
Recent HEINZ announcements highlight packaging and experiential innovations, including the HEINZ Dipper, a fry box with a built-in ketchup compartment for dipping on the go, and HEINZ Leftover Gravy, a squeezable gravy condiment tailored to Thanksgiving leftovers. HEINZ has also appeared in collaborations like the Herschel x HEINZ luggage collection, which turns the brand’s ketchup-red identity into travel gear.
Other news showcases Kraft Mac & Cheese campaigns such as the “Best Thing Ever” creative platform and limited-time Apple Pie flavored Kraft Mac & Cheese, as well as JELL-O’s seasonal “No Thanks” Thanksgiving molds and Ore-Ida’s French Fry Skis collaboration with Fischer Sports. Oscar Mayer announcements describe the long-running Hotdogger program and the Wienermobile’s role in brand storytelling.
Corporate and financial updates also appear in the news flow, including leadership changes, the appointment of a new Chief Executive Officer, dividend declarations, and details about a planned separation of Kraft Heinz into two independent, publicly traded companies: Global Taste Elevation Co. and North American Grocery Co. For investors and brand watchers, the KHC news page offers a single place to follow product launches, marketing initiatives, governance changes, and strategic announcements as they are disclosed through official releases.
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.
VELVEETA introduces the VELVEETA® Veltini, a unique martini combining VELVEETA infused vodka with olive brine and vermouth, available exclusively at select BLT Restaurant locations from 5 PM to 8 PM this summer. This indulgent cocktail, priced at $15, includes garnishes of cheese-dripped olives and VELVEETA Shells & Cheese. Additionally, fans can purchase a limited VELVEETA Veltini kit for $50 through Goldbelly, enabling them to create the cocktail at home. The launch emphasizes VELVEETA's creative platform, 'La Dolce Velveeta,' promoting a bold lifestyle.
HEINZ has launched the new HEINZ 57 Collection, featuring innovative sauces and spreads aimed at enhancing culinary experiences. This collection includes Infused Honeys in flavors like Hot Chili and Black Truffle, and Crunch Sauces in varieties such as Chili Pepper Crunch and Roasted Garlic Crunch. Designed with insights from award-winning chefs, the collection targets food enthusiasts looking to explore new flavors and cuisines. The products are available nationwide through various retailers, promoting a modern approach to traditional dishes.
Philadelphia cream cheese, a Kraft Heinz brand, is launching Feeladelphia, a unique dining experience where patrons order feelings instead of food. This multisensorial restaurant, running from July 14-16 in New York City, features a menu curated by Michelin-starred chefs Jeremiah Stone and Fabián Von Hauske. Guests will enjoy sensory-driven dishes designed to evoke emotions. The event also includes The Feeladelphia Experience, an immersive cookbook that invites cooking through the senses. Reservations opened on July 11, 2022, at $35 per person, with proceeds going to charity.
The Kraft Heinz Company (NASDAQ: KHC) is set to release its second quarter 2022 financial results on July 27, 2022, preceding the market opening. A press release and supplementary materials will be available, along with a pre-recorded management discussion. Following this, Kraft Heinz will host a live Q&A session with analysts at 9:00 a.m. Eastern Daylight Time. The results and audio from the session can be accessed at ir.kraftheinzcompany.com, with a replay available post-event.
Luxfer Holdings PLC (NYSE: LXFR) has appointed Sylvia A. Stein to its Board of Directors, effective August 1, 2022. Stein, currently Vice President and General Counsel at Modine Manufacturing Company (NYSE: MOD), brings over 20 years of experience in business strategy, sustainability, and risk management. She will serve on both the Nominating and Governance Committee and the Audit Committee, helping to enhance Luxfer's strategic direction and shareholder value.
The Kraft Heinz Company (NASDAQ: KHC) has signed a virtual power purchase agreement (vPPA) with BHE Renewables to enhance its sustainability initiatives. This deal aims to help Kraft Heinz meet its goal of procuring most of its electricity from renewable sources by 2025, contributing to its net-zero emissions target by 2050. By 2025, the company plans to source around 60% of its energy from BHE Renewables’ Gopher Creek wind farm in Texas, increasing from 15% by the end of 2022. This vPPA is part of a series of renewable projects, including solar initiatives in China.
The Kraft Heinz Company (KHC) has entered into a 12-year virtual power purchase agreement with Repsol, aiming to source over 90 gigawatt hours of renewable energy annually. This initiative supports Kraft Heinz's goal to obtain the majority of its electricity from renewable sources by 2025, with expectations to power 90% of its European sites. The agreement aligns with the Company's ambition to achieve net zero emissions by 2050 and reduce emissions by 50% by 2030.
The Kraft Heinz Company has unveiled a new brand identity for Kraft Mac & Cheese, reflecting its evolution as America's comfort food. This updated identity includes a new logo, simplified name, and refreshed packaging, emphasizing the positive emotions associated with the product. The iconic blue box now features a single-color hue and a more pronounced 'noodle smile'. The rebranding aims to resonate with consumers' desire for feel-good food and will be visible on social media and in stores starting August. This initiative reflects Kraft's commitment to growth and consumer engagement.
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