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 (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.
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.