Kraft Heinz Company Stock News

(RTTNews) - Kraft Heinz Co. (KHC) increased its long-term growth targets. It raised adjusted earnings per share growth outlook to a range of 6% - 8% from the prior outlook of 4% - 6%. It also increased its organic net sales growth guidance to 2% - 3% from the previous estimation of 1% - 2%. The company expects to deliver at least $2 billion of

Kraft Heinz Co. will discuss its new business strategy, Agile@Scale, and detail its new long-term growth goals, the company announced on Tuesday ahead of the 2022 Consumer Analyst Group of New York Conference. A focus of the Agile@Scale program is the development of in-house tech capabilities that will be paired with big-tech proficiencies. Kraft has already announced a partnership with Google to help in areas like marketing. "With Agile@Scale energizing each aspect of our operating model, we expect to open new growth opportunities and unlock greater efficiencies that will generate meaningful free cash flow and fund further investments in our brands," said Andre Maciel, Kraft''s incoming chief financial officer, in a statement. The company is now aiming for long-term organic net sales growth of 2% to 3%, up from 1% to 2% previously; and adjusted earnings per share growth of 6% to 8%, up from the previous target of 4% to 6% growth. Kraft has undergone a transformation over the past two years that the company says has moved almost two-thirds of its business over to consumer platforms that will yield "higher-than-average profit margins" going forward.

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(Reuters) Packaged food maker Kraft Heinz Co said on Friday it plans to appoint Chief Executive Officer Miguel Patricio as its chair, replacing Alexandre Behring who will retire at the annual shareholder meeting in May. Patricio, 55, joined Krafts board in March last year and has previously served as the marketing head of Budweiser Read More

Kraft Heinz (KHC) said its board intends to appoint CEO Miguel Patricio as chairman, subject to his re-election at the 2022 annual stockholder meeting.Alexandre Behring, current chair…

Packaged food maker Kraft Heinz Co said on Friday it plans to appoint Chief Executive Officer Miguel Patricio as its chair, replacing Alexandre Behring who will retire at the annual shareholder meetin

NEW YORK , Feb. 18, 2022 /PRNewswire/ -- InvestorsObserver issues critical PriceWatch Alerts for DKNG, ROKU, INTC, RBLX, and KHC. … Full story available on Benzinga.com

Kraft Heinz Co. announced a partnership with Google on Friday that''s intended to further the food company''s digital transformation. Kraft will use machine learning tools to help with new flavors and products, improve shopper engagement using Google Cloud products, and use platforms like Google Ads and YouTube for marketing. Kraft has invested in its own digital tools over the past year, which will be used in tandem with Google''s capabilities. Kraft stock has slipped 3% over the past year while the S&P 500 index has gained nearly 12%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.