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Kraft Heinz Reports Third Quarter 2019 Results
Kraft Heinz Declares Regular Quarterly Dividend Of $0.40/Share
Director Alexandre Van Damme Reports Open Market Purchase Of 250,000 Shares Of Kraft Heinz
The Kraft Heinz Company is a food and beverage company. The Company is engaged in the manufacturing and marketing of food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee and other grocery products. The Company's segments include the United States, Canada and Europe. The Company's remaining businesses are combined as Rest of World. The Rest of World consists of Latin America and Asia, Middle East and Africa (AMEA). The Company provides products for various occasions whether at home, in restaurants or on the go. The Company's brands include Heinz, Kraft, Oscar Mayer, Philadelphia, Planters, Velveeta, Lunchables, Maxwell House, Capri Sun, and Ore-Ida. The Company's 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 and pharmacies.
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Alexandre C. Behring
Independent Chairman of the Board
Chief Executive Officer, Interim U.S. Zone President
John T. Cahill
Vice Chairman of the Board
Global Chief Financial Officer
Zone President of Latin America
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Kraft Heinz Co <KHC.O> will spend more on marketing for key brands widely thought to have been neglected after reporting on Thursday that lower costs helped it beat third-quarter profit expectations, sending shares up 13% in midday trading.
Kraft Heinz Co fell short of Wall Street expectations for quarterly sales on Thursday as the struggling packaged food company battled weak demand in the United States, its biggest market.
Global packaged food group Kraft Heinz Co <KHC.O> will keep baby food line Plasmon and plans to leverage its 'Made in Italy' credentials to expand the brand abroad, Kraft Heinz Co's general manager for Italy said.
The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Tuesday:
Shares of Kraft Heinz Co <KHC.O> fell 4% on Tuesday after the packaged food maker's second largest investor, 3G Capital, sold over 25 million shares in the open market at a discount.
Investors are chewing out Kraft Heinz Co <KHC.O> for failing to lay out a full strategy for how it plans to compete in the roughly $3 billion(2.43 billion pounds)-a-year plant-based protein market.
Kraft Heinz Co's <KHC.O> newly-appointed chief executive officer replaced finance chief David Knopf on Monday in what he said was a strategic decision, naming the more "seasoned" Paulo Basilio, after the company was forced to restate three years of results.
Kraft Heinz Co on Monday named Paulo Basilio as chief financial officer in place of David Knopf, who will return to Brazilian private equity firm 3G Capital as a partner.
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will have to pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015.
The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz Co and Mondelez International Inc will pay $16 million in penalty regarding a wheat manipulation case that dates back to 2015.
Kraft Heinz Co <KHC.O> reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers.
Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers. Shares fell to a record low as the Chicago-based...
Kraft Heinz Co's net income more than halved in the first half of the year as the packaged food maker booked a goodwill impairment charge in its delayed results.
Kraft Heinz Co <KHC.O> said on Wednesday it would report results for the first six months of the year on Aug. 8, its first financial statement since disclosing a more than $15 billion writedown on its iconic Kraft and Oscar Mayer brands.
New York City employees’ pension funds are accusing Bernstein Litowitz Berger & Grossmann and Kessler Topaz Meltzer & Check of breaching their ethical and contractual obligations to the funds in a lead counsel fight in a securities class action against Kraft Heinz.
Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an internal investigation, but that the matter was under review by the U.S. Attorney's Office.
Kraft Heinz Co said on Friday the company's internal investigation into its procurement practices and internal controls assessment is now complete and expects to report its quarterly results on or before July 31.
U.S. packaged food giant Kraft Heinz has launched the sale of its baby food brand Plasmon with preliminary bids due by the end of next week, two sources close to the matter said.
Kraft Heinz Co will restate financial reports for a near three-year period to fix errors that resulted from lapses in procurement practices by some of its employees, the packaged food company said in a filing on Monday.
Kraft Heinz Co will restate its financial statements for the years 2016 and 2017 to fix accounting errors that resulted from misconduct of several employees of the packaged food company's procurement area, the company revealed in a filing on Monday.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.