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Kraft Heinz To Sell Its Natural Cheese Business For $3.2 Bln
Kraft Heinz Sees Long-Term Organic Net Sales Growth Of 1%-2%
Kraft Heinz Reports Q2 Adjusted Earnings Per Share $0.80
Kraft Heinz Company (Kraft Heinz) is a global food and beverage company. The Company’s segments include United States, International and Canada. It manufactures and markets food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products throughout the world. It offers its products under various brands, such as Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Kool-Aid, Ore-Ida, Jell-O, Master, Quero, Golden Circle and Wattie's. Its products are sold through its own sales organizations and through independent brokers, agents, and distributors to chain, wholesale, cooperative and independent grocery accounts, convenience stores, drug stores, value stores, bakeries, pharmacies, mass merchants, club stores, foodservice distributors, and institutions, including hotels, restaurants, hospitals, health care facilities and certain government agencies.
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Alexandre C. Behring
Independent Chairman of the Board
Chief Executive Officer
John T. Cahill
Vice Chairman of the Board
Global Chief Financial Officer
Carlos A. Abrams-Rivera
President - U.S. Zone
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Kraft Heinz Co <KHC.O> on Tuesday said it would sell its natural cheese business to French dairy company Groupe Lactalis for $3.2 billion, step up its marketing budget and overhaul its supply chain, hoping to save $2 billion by 2024 and halt weak sales and brand deterioration...
Kraft Heinz Co <KHC.O> said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France's Groupe Lactalis for $3.2 billion.
Kraft Heinz Co said on Tuesday that it will sell several of its cheese businesses to a U.S. affiliate of France's Groupe Lactalis for $3.2 billion.
Kraft Heinz Co on Tuesday forecast better-than-expected quarterly sales growth and said it would step up its marketing budget and overhaul of its supply chain, hoping to save $2 billion by 2024 and halt weak sales and brand deterioration.
Kraft Heinz Co said on Tuesday it is stepping up its marketing budget and planning an overhaul of its supply chain, hoping to save $2 billion by 2024 and put a halt to years of weak sales and brand deterioration.
Kraft Heinz Co <KHC.O> on Thursday said second-half core earnings growth would be weaker-than-expected and took a nearly $3 billion charge on the value of several businesses, highlighting uncertainty in the food industry due to the novel coronavirus.
Kraft Heinz Co on Thursday wrote down the value of several businesses - including its Oscar Mayer deli meat brand and Canadian retail unit - by about $2.9 billion.
Second-quarter sales of Kraft Heinz’s <KHC.O> Oscar Mayer deli meats and cheese slices grew more slowly than those of higher-end rival products such as ham from pigs fed vegetarian diets on family farms, retail data shows.
U.S. food producer Kraft Heinz Co <KHC.O> on Thursday struck a cautious tone about its 2020 performance following a better-than-expected start due to coronavirus-related stockpiling.
* KRAFT HEINZ CEO SAYS NEXT SEVERAL MONTHS WILL BE CRITICAL IN UNDERSTANDING PATH FORWARD AND THE PACE OF TURNAROUND IN THE NEAR TERM - CONF CALL
U.S. food producer Kraft Heinz Co reported higher quarterly sales on Thursday, helped by coronavirus-related stockpiling.
Kraft Heinz <KHC.O> will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods during the COVID-19 pandemic, the company said on Wednesday.
Kraft Heinz Co <KHC.O> said on Friday it has moved to significantly reduce production at three plants providing restaurant supplies amid the new coronavirus outbreak, but its CEO noted the company has added shifts at others to meet demand for packaged foods like macaroni...
Kraft Heinz Co has moved to significantly reduce production at three plants because of a decline in demand stemming from the new coronavirus outbreak, its Chief Executive Miguel Patricio on Friday said in a video presentation hosted by Brazilian retail brokerage XP Inc .
Kraft Heinz Co has moved to halt production at three different plants because of a decline in demand stemming from the new coronavirus outbreak, its Chief Executive Miguel Patricio on Friday said in a video presentation hosted by Brazilian retail brokerage XP Inc.
Kraft Heinz <KHC.O> speaks daily with Amazon.com <AMZN.O> and Walmart Inc <WMT.N>, hoping to speed up deliveries as customers worldwide stay home and shop online to protect themselves from the COVID-19 pandemic, Kraft Heinz's CEO said on Friday.
* KRAFT HEINZ TAPS AS MUCH AS $4 BILLION OF CREDIT LINE - BLOOMBERG NEWS Source : https://bloom.bg/33lJYqu
Kraft Heinz Co <KHC.O> said on Sunday it has asked office employees to work from home as the coronavirus continues to spread.
Warren buffett, referring to global stock selloff, says his company berkshire hathaway would 'certainly be more inclined' to buy stocks today than on friday, and would feel 'better' about doing it -- cnbc Buffett says cryptocurrency has, 'in terms of value, zero' Buffett...
A U.S. judge in Illinois on Friday granted a partial win to Kraft Heinz and Mondelez in the foodmakers' battle with the U.S. Commodity Futures Trading Commission over a $16-million settlement agreed last year.
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