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United Kingdom

Kraft Heinz Co (KHC.OQ)

KHC.OQ on NASDAQ Stock Exchange Global Select Market

57.12USD
21 Sep 2018
Change (% chg)

$-0.45 (-0.78%)
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Latest Key Developments (Source: Significant Developments)

Kraft Heinz Says Sees Constant Currency Adjusted EBITDA Trend To Improve By Year-End And Gain Further Momentum Into 2019- Conf call
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ CEO - "WE SAW CONSUMPTION TRENDS IMPROVE AS Q2 UNFOLDED" - CONF CALL.KRAFT HEINZ CEO - TARGETING TOP LINE GROWTH IN THE Q3; FOCUS IS ON PREVENTABLE VOLUMES AND MIXED IMPROVEMENTS COMING FROM NEW PRODUCTS.KRAFT HEINZ CEO - IMPACT OF TARIFFS ON CANADA SALES STILL LARGELY UNKNOWN; CONTINUE TO FEEL GOOD ABOUT GETTING CANADA BACK TO GROWTH TRACK BY YEAR-END.KRAFT HEINZ CEO - "WE NOW HAVE MORE CAPACITY TO DRIVE CATEGORY AND BRAND GROWTH AS OUR PRODUCT PIPELINE WILL BE FULLY IN PLACE IN Q3".KRAFT HEINZ CFO - ORGANIC NET SALES GROWTH IS EXPECTED TO BEGIN NOW IN Q3 WITH THE U.S. GROWING AND EMEA AND REST OF WORLD SUSTAINING MOMENTUM.KRAFT HEINZ CFO - Q3 ADJUSTED EBITDA DOLLARS ARE LIKELY TO BE DOWN COMPARED TO 1H DUE TO GREATER-THAN-EXPECTED INFLATION, MORE INVESTMENT POSTURE.KRAFT HEINZ - SEES CONSTANT CURRENCY ADJUSTED EBITDA TREND TO IMPROVE BY YEAR-END AND GAIN FURTHER MOMENTUM INTO 2019.KRAFT HEINZ - CFO SAYS TARIFF RISK CURRENTLY IMPACTING FOIL AND ALUMINUM COSTS IN THE U.S. AND CERTAIN PRODUCTS WE SELL IN CANADA.KRAFT HEINZ CFO - "WE CONTINUE TO EXPECT PRICING RELATIVE TO OUR KEY COMMODITIES TO BE STABLE".KRAFT HEINZ CFO - "WE HAVE RECENTLY SEEN SOME KEY COMMODITIES COME DOWN MORE RECENTLY AND EXPECT THAT FOR THE YEAR".  Full Article

Kraft Heinz Q2 Earnings Per Share $0.62
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ REPORTS SECOND QUARTER 2018 RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $1.00.Q2 EARNINGS PER SHARE $0.62.Q2 EARNINGS PER SHARE VIEW $0.92 -- THOMSON REUTERS I/B/E/S.Q2 SALES $6.7 BILLION VERSUS I/B/E/S VIEW $6.59 BILLION.QTRLY ORGANIC NET SALES DECREASED 0.4 PERCENT VERSUS YEAR-AGO PERIOD.EXPECT PROFITABILITY TO IMPROVE BY YEAR-END, WITH FURTHER MOMENTUM INTO 2019.KRAFT HEINZ SAYS "EXPECT OUR PROFITABILITY TO IMPROVE BY YEAR-END, WITH FURTHER MOMENTUM INTO 2019".COST INFLATION ON MANY FRONTS HAS BEEN HOLDING BACK CO'S BOTTOM LINE.KRAFT HEINZ SAYS "COST INFLATION ON MANY FRONTS HAS BEEN HOLDING BACK OUR BOTTOM LINE".KRAFT HEINZ QTRLY UNITED STATES NET SALES WERE $4.5 BILLION, DOWN 1.9 PERCENT VERSUS YEAR-AGO PERIOD.  Full Article

Kraft Heinz Declares Regular Quarterly Dividend Of $0.625 Per Share
Friday, 3 Aug 2018 

Aug 3 (Reuters) - Kraft Heinz Co ::THE KRAFT HEINZ COMPANY DECLARES REGULAR QUARTERLY DIVIDEND OF $0.625 PER SHARE.  Full Article

Kraft Heinz Recalls Taco Bell Salsa Con Queso Mild Cheese Dip Distributed To Retailers
Wednesday, 25 Jul 2018 

July 24 (Reuters) - Kraft Heinz Co ::KRAFT HEINZ VOLUNTARILY RECALLS TACO BELL SALSA CON QUESO MILD CHEESE DIP DISTRIBUTED TO RETAILERS.ABOUT 7,000 CASES OF TACO BELL SALSA CON QUESO MILD CHEESE DIP ARE BEING VOLUNTARILY RECALLED.PRODUCTS BEING RECALLED BECAUSE AFFECTED PRODUCT IS SHOWING SIGNS OF PRODUCT SEPARATION WHICH CAN LEAD TO POTENTIAL HEALTH HAZARD.NO CONSUMER COMPLAINTS OR REPORTS OF ILLNESS RELATED TO TACO BELL SALSA CON QUESO MILD CHEESE DIP DISTRIBUTED TO RETAILERS TO DATE.  Full Article

Kraft Heinz Considers Sale of Complan Brand in India - Bloomberg
Monday, 18 Jun 2018 

June 18 (Reuters) - :KRAFT HEINZ CONSIDERING SALE OF CHILDREN'S ENERGY DRINK BRAND COMPLAN IN INDIA, WHICH COULD FETCH ABOUT $1 BILLION- BLOOMBERG, CITING SOURCES.  Full Article

Kraft Heinz Co selects ‍FourKites to provide real-time freight tracking and monitoring across its supply chain​
Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Kraft Heinz Co :‍FourKites says Kraft Heinz Co has selected ‍FourKites to provide real-time freight tracking and monitoring across its supply chain​.  Full Article

Kraft Heinz says audit committee concluded that financial statements included in form 10-Q should not be relied upon​
Monday, 6 Nov 2017 

Nov 6 (Reuters) - Kraft Heinz Co :Kraft Heinz - audit committee concluded that financial statements included in form 10-Q for qtrs ended april 1 & july 1, should not be relied upon​.Kraft Heinz says it ‍will file amendments to co's quarterly reports on form 10-Q for periods ended April 1, 2017 and July 1, 2017 ​.Kraft Heinz - some financial statements should not be relied upon due to misstatement in adopting new accounting standards update 2016-15​.Kraft Heinz says to restate interim financial statements to correctly classify certain items in co's condensed consolidated statements of cash flows.  Full Article

Kraft Heinz Co reports Q3 earnings per share $0.77
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Kraft Heinz Co :Kraft Heinz Co reports third quarter 2017 results.Q3 earnings per share $0.77.Q3 sales $6.3 billion versus I/B/E/S view $6.33 billion.Q3 earnings per share view $0.82 -- Thomson Reuters I/B/E/S.Kraft Heinz Co - qtrly ‍organic net sales increased 0.3 percent versus year-ago period​.Kraft Heinz Co - qtrly net sales $‍​6,314 million versus $6,267 million last year.Q3 revenue view $6.33 billion -- Thomson Reuters I/B/E/S.Kraft Heinz Co - qtrly ‍united states net sales $4,380 million versus $4,395 million​.Kraft Heinz Co - qtrly ‍adjusted EPS of $0.83​.  Full Article

Kraft Heinz declares of $0.625 per share
Wednesday, 1 Nov 2017 

Nov 1 (Reuters) - Kraft Heinz Co :The Kraft Heinz Company declares regular quarterly dividend of $0.625 per share.  Full Article

Suntory Beverage says unit selling some food, instant coffee operations to Kraft Heinz for 26 bln yen
Thursday, 19 Oct 2017 

Oct 19 (Reuters) - Suntory Beverage & Food Ltd <2587.T>::Says unit selling some food, instant coffee operations to Kraft Heinz <<>> for 26 billion yen ($230 million).  Full Article

UPDATE 3-Unilever details plans for December listing of new Dutch entity

* Some UK shareholders have expressed concern (Adds details on Dutch dividend tax)