Kraft Heinz

Kraft Heinz Beats Quarterly Estimates, Takes Nearly $3bn Writedown

Kraft Heinz Co on Thursday reported quarterly results that exceeded expectations and took a nearly $3 billion charge to write down the value of s...

Kraft Heinz Meat, Cheese Sales Lag As Shoppers Buy Premium Products

Second-quarter sales at Kraft Heinz’s Oscar Mayer deli meats and cheese slices arm grew more slowly than those of higher-end rival products, retail d...

Big Brands Embrace Direct-To-Consumer – A Sign Of Things to Come? Analysis

While major food brands and the grocery channel have been fundamentally aligned since the dawn of modern retail, changes to the consumer landscape have led...

Kraft Heinz Cautious On Back Half After Q1 Tops Estimates

US food producer Kraft Heinz Co struck a cautious tone about its 2020 performance following a better-than-expected start due to coronavirus-related stockpi...

Kraft Heinz Extends Factory Worker Bonuses In Pandemic

Kraft Heinz will extend for two weeks a $100 per week stipend for factory workers producing its packaged foods during the COVID-19 pandemic, the company ha...

Kraft Heinz's Credit Rating Cut By Fitch

Kraft Heinz Co's debt rating was cut to 'junk' by global credit ratings agency Fitch on Friday (14 February), a day after the ketchup and sausage maker rep...

Kraft Heinz Misses Sales Expectations As Demand For Bacon, Cheese Falls

Kraft Heinz Co on Thursday reported a 5.1% fall in quarterly sales, missing estimates due to lower US demand for cheese, coffee, bacon and other produ...

Kraft Heinz Names Campbell Exec To Head US Business

Kraft Heinz Co on Wednesday named Campbell Soup Co executive Carlos Abrams-Rivera as the leader of its US business, the Heinz ketchup maker's latest execut...