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The Latest Breaking News from KHC

Kraft Heinz Q1 Earnings Beat Street View

Kraft Heinz Co (NASDAQ:KHC) reported a first-quarter FY22 sales decline of 5.5% year-on-year to $6.04 billion, beating the consensus of $5.83 billion. Sales in the U.S. fell 8.5% Y/Y, International rose 3.6%, and Canada fell 1.5%. Gross profit decreased by 12.3% Y/Y to $1.9 billion, with the margin contracting 250 points to 31.9%.…

Kraft Heinz: Q1 Earnings Insights

Kraft Heinz: Q1 Earnings Insights

Kraft Heinz (NASDAQ:KHC) reported its Q1 earnings results on Wednesday, April 27, 2022 at 08:00 AM. Here's what investors need to know about the announcement.

Earnings Preview: Kraft Heinz

Earnings Preview: Kraft Heinz

Kraft Heinz (NASDAQ:KHC) is set to give its latest quarterly earnings report on Wednesday, 2022-04-27. Here's what investors need to know before the announcement. Analysts estimate that Kraft Heinz will report an earnings per share (EPS) of $0.53.

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Kraft Heinz Inks Multi-Year Cloud, AI Agreement With Microsoft

Kraft Heinz Co (NASDAQ:KHC) has partnered with Microsoft Corp (NASDAQ:MSFT) to develop digital solutions for the supply chain process. The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios. Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and…

Irwin Naturals Adds Five Ketamine Facilities Toward Goal To Become World's Largest Mental Health Treatment Chain

With the goal of becoming the world’s largest chain of psychedelic mental health clinics, Irwin Naturals Inc. (OTCQB: IWINF) announced the acquisition of five ketamine treatment clinics in Florida and a partnership contract with two clinics in Mexico.

Kraft Heinz Completes Acquisition Of Brazilian Food Company Hemmer

Kraft Heinz Co (NASDAQ:KHC) has completed its acquisition of a majority stake in Companhia Hemmer Indústria e Comércio (Hemmer), a Brazilian food company. The deal was closed following approval from CADE (Brazil's Administrative Council for Economic Defense), Brazil's antitrust body. The company expects the transaction to expand its International Taste Elevation platform, focusing on…

A Bullish Sign Appears On Kraft Heinz's Chart

If history is any guide, there may be good fortune ahead for shares of Kraft Heinz (NASDAQ:KHC). A so-called "golden cross" has formed on its chart and, not surprisingly, this could be bullish for the stock.

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Unilever, Kraft Heinz Suspend Exports, Investments In Russia

Unilever, Kraft Heinz Suspend Exports, Investments In Russia

Food and beverage company Kraft Heinz Co (NASDAQ:KHC) has suspended all new investments in Russia and also all imports and exports of products. Kraft Heinz said it continues to closely assess the humanitarian crisis in Ukraine. Consumer goods giant Unilever PLC (NYSE:UL) has halted all imports and exports of its products in Russia in addition to…

Where Kraft Heinz Stands With Analysts

Where Kraft Heinz Stands With Analysts

Within the last quarter, Kraft Heinz (NASDAQ:KHC) has observed the following analyst ratings:

Kraft Heinz vs. General Mills: Which Food Stock is a Better Buy?

Kraft Heinz vs. General Mills: Which Food Stock is a Better Buy?

Despite inflationary pressures and supply chain bottlenecks, steady demand for packaged food products and new product launches should benefit prominent food companies Kraft Heinz (KHC) and General Mills (GIS). But which of these stocks is a better buy now? Let’s find out.

Kraft Heinz Steps Up Product Portfolio Transformation Via NotCo JV

Kraft Heinz Steps Up Product Portfolio Transformation Via NotCo JV

Kraft Heinz Co (NASDAQ:KHC) has formed a joint venture (JV) with food tech start-up TheNotCompany Inc (NotCo). The financial terms were not disclosed. The JV will leverage NotCo's artificial intelligence (AI) solutions and Kraft Heinz's brand portfolio and scale to develop plant-based versions of co-branded products. The JV will operate under the control of…

Kraft Heinz Stock Gains On Q4 Earnings Beat

Kraft Heinz Stock Gains On Q4 Earnings Beat

Kraft Heinz Co (NASDAQ:KHC) reported a fourth-quarter FY21 sales decline of 3.3% year-on-year, to $6.71 billion, beating the analyst consensus of $6.61 billion. Sales in the U.S. fell 6.8% Y/Y, International rose 6.5%, and Canada increased 5.2%. The gross profit decreased by 14.3% Y/Y to $2.2 billion, with the margin contracting 410 points…

Oscar Mayer Launches Bologna-Inspired Face Mask

Oscar Mayer Launches Bologna-Inspired Face Mask

Kraft Heinz Co (NASDAQ:KHC) owned meat and cold cut production company Oscar Mayer has launched a bologna-inspired face mask. The rejuvenating face masks that resemble bologna are limited edition and available for purchase on Amazon.com Inc (NASDAQ:AMZN) for $5 each. The company said the face masks are a hydrating and restoring hydrogel that promote skin elasticity,…

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