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.
Kraft Heinz Company (KHC) news hub provides investors and stakeholders with direct access to official announcements and market-moving developments from one of the world's largest food and beverage corporations. This comprehensive resource aggregates earnings reports, product innovation updates, leadership changes, and sustainability initiatives straight from the source.
Users gain strategic insights through curated press releases spanning retail performance, foodservice expansion, and global supply chain developments. The collection includes financial disclosures, merger/acquisition activity, and brand portfolio updates critical for understanding KHC's position in the competitive packaged foods sector.
Bookmark this page for streamlined access to Kraft Heinz's latest operational milestones, regulatory filings, and consumer trend responses. All content is sourced from verified corporate communications, maintained current through continuous updates, and organized for efficient navigation across business segments.
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.
The Kraft Heinz Company (Nasdaq: KHC) announced the appointment of Kathy Krenger as Chief Communications Officer, effective July 21. Krenger, previously Senior VP at Hyatt Hotels, brings over 25 years of experience in corporate communications. She takes over from Michael Mullen, who will retire on Aug. 15 after 23 years with Kraft Heinz. CEO Miguel Patricio praised Krenger's strategic thinking and background in the food and beverage industry. Kraft Heinz aims to drive transformation and growth in its brands while remaining committed to sustainability.
Kraft Heinz announced the completion of cash tender offers for its outstanding notes, totaling up to $2.8 billion. The offers expired on June 11, 2021, with approximately $1.42 billion of notes accepted for an aggregate purchase price of about $1.70 billion, including premiums and accrued interest. The settlement date for these transactions is June 14, 2021. Kraft Heinz engaged multiple banks as dealers for the offers. This strategic move is expected to reduce the company’s overall debt obligations and improve its financial flexibility.
The Kraft Heinz Company (Nasdaq: KHC) has signed an agreement to acquire Assan Foods from Kibar Holding for approximately $100 million. Assan Foods, established in 1998, specializes in sauces and operates local manufacturing in Turkey. This acquisition aims to enhance Kraft Heinz's retail and foodservice operations across Europe, the Middle East, and Africa. The deal is pending customary closing conditions, including regulatory approvals, and is expected to conclude in H2 2021.
Kraft Heinz announced cash tender offers to purchase up to $2.8 billion of its outstanding notes through its subsidiary Kraft Heinz Foods Company. The Offers include various series of Senior Notes, with principal amounts ranging from $235 million to nearly $2 billion. The Offers are subject to conditions outlined in the Offer to Purchase dated June 7, 2021, and will expire on June 11, 2021. Holders can withdraw their tendered Notes until the same expiration date. Settlement for accepted Notes is expected on June 14, 2021. Further details are available through the appointed dealer managers and tender agent.
FAQ
What is the current stock price of Kraft Heinz Co (KHC)?
What is the market cap of Kraft Heinz Co (KHC)?
