Kraft Heinz Co Stock Price, News & Analysis

The Kraft Heinz Company (Nasdaq: KHC) will have its CEO Miguel Patricio, CFO Paulo Basilio, and U.S. Zone President Carlos Abrams-Rivera participate in a fireside chat at the Barclays Global Consumer Staples Conference on Sept. 8, 2021, at 9:20 a.m. Eastern Time. A live webcast can be accessed through the company's investor relations website, with a replay available afterward. Kraft Heinz reported approximately $26 billion in net sales for 2020 and is focused on transforming its brand portfolio while emphasizing sustainability and consumer engagement.

Kraft Heinz has partnered with Lyft to introduce the iconic Wienermobile as a rideshare option in major cities, including New York, Chicago, Los Angeles, and Atlanta. From August 25-27, lucky Lyft XL riders may be surprised with complimentary rides in the 27-foot-long vehicle, complete with music and themed giveaways. This initiative aims to evoke joy during summer outings as both companies focus on enhancing customer experiences.

The Kraft Heinz Company (Nasdaq: KHC) has declared a quarterly dividend of $0.40 per share for its common stock. This dividend will be payable on September 24, 2021, to shareholders recorded as of September 1, 2021. With net sales of approximately $26 billion in 2020, Kraft Heinz emphasizes consumer-centric growth and sustainability. The company aims to transform its portfolio while maintaining a commitment to healthy and ethical practices.

Kraft Heinz (KHC) reported Q2 2021 financial results, indicating a net sales decline of 0.5% to $6.6 billion, primarily influenced by divestitures. The company achieved a significant net income improvement of 98.5% to a loss of $25 million due to reduced non-cash impairment charges. Adjusted EBITDA fell 5.2% to $1.7 billion, but increased 6.6% versus 2019. For Q3 2021, Kraft Heinz expects a mid-single-digit increase in Organic Net Sales compared to Q3 2019, despite forecasting a low-single-digit decline in Constant Currency Adjusted EBITDA versus 2020.

Kraft Heinz's Lunchables and Nintendo have partnered for the 'Game Your Way' program, running from Aug. 1 to Sept. 30. The initiative includes exclusive challenges where participants can win Nintendo-themed prizes, such as a $1,000 Mystery Prize Pack. Kid-friendly activities encourage creativity while promoting Lunchables. Prizes include Nintendo Switch accessories and digital game codes. The campaign aims to enhance lunchtime fun as schools reopen. Kraft Heinz emphasizes creativity and individuality as core company values.

The Kraft Heinz Company (Nasdaq: KHC) will announce its second quarter 2021 financial results on Wednesday, Aug. 4, 2021. A press release and supplemental materials will be available before the market opens, followed by a live Q&A session with management starting at 9:00 a.m. Eastern Daylight Time. Interested parties can access the earnings release and audio of the session on ir.kraftheinzcompany.com. A replay will be accessible after the event.

Kraft Macaroni & Cheese is partnering with Van Leeuwen Ice Cream to launch a limited-edition ice cream flavor, combining the classic macaroni and cheese taste with a frozen treat. Available starting July 14, coinciding with National Macaroni & Cheese Day, the ice cream will be sold online and at Van Leeuwen locations for $12 per pint. The ice cream contains no artificial flavors or preservatives, emphasizing quality ingredients. Consumers can even get a free taste at a Union Square ice cream truck on launch day.

Heinz has unveiled new eco-friendly caps for its squeezy sauce bottles, ensuring they are 100% recyclable. This initiative follows eight years and $1.2 million in R&D, focusing on sustainability. The new caps will be introduced globally in 2022, starting in Europe, and will initially feature on Heinz Tomato Ketchup and BBQ Sauce. This change could enable the recycling of one billion plastic caps, significantly reducing landfill waste. The company's long-term goal is to make all packaging recyclable, reusable, or compostable by 2025.

Kraft Heinz Company (Nasdaq: KHC) introduces Just Crack an Egg Omelet Rounds, a new quick breakfast product made with cage-free eggs. These protein-packed rounds are available in four flavors: All American, Three Meat, Classic, and Broccoli Cheddar, retailing at $3.49. Designed for convenience, they can be prepared in under a minute. The product emphasizes quality with no artificial flavors, dyes, or preservatives. Just Crack an Egg aims to satisfy breakfast lovers seeking an easy and delicious solution to morning meals.