The Latest Breaking News from KHC

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

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 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…

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.

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…

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

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 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 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…