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This packaged foods giant may be cooking up a turnaround. So is Kraft Heinz a buy now? Here's what you need to know. Adjusted earnings per share (EPS) of $0.69 climbed by 1.5% year over year, benefiting from a solid expansion in the adjusted gross margin, which reached 34.5% from 32.8% in the prior-year quarter. Efforts to raise pricing helped balance lower volumes while supporting profitability. Even as total revenue declined by 1.2% from Q1 2023, organic net sales fared a bit better, down by just 0.5%. Kr ...

Summary of The Kraft Heinz Company Conference Call Company Overview - **Company**: The Kraft Heinz Company (NASDAQ: KHC) - **Participants**: - Carlos Abrams-Rivera - CEO - Andre Maciel - EVP & Global CFO - **Conference Date**: June 4, 2024 Key Points Company Transformation and Leadership - Carlos Abrams-Rivera emphasized the importance of surrounding oneself with trusted leaders for successful transformation, noting that many leaders were promoted internally [4][5] - The company has simplified its organizational structure, moving from two zones to four, enhancing operational discussions and agility [5][7] - A focus on evolving company culture was highlighted, with an emphasis on ownership, ambition, and meritocracy [6][24] Financial Performance and Strategy - Andre Maciel reported consistent delivery of results, with net debt at desired levels and an upgrade to investment-grade status (BBB) [10] - The company initiated its first-ever buyback program, reflecting strong financial results and board support [10] - Capital expenditures (CapEx) increased to 4% from nearly 3%, with significant investments in marketing, R&D, and technology to support long-term growth [11] Market Challenges and Consumer Trends - The company faced challenges in the fourth quarter due to trade timing and retail inventory destocking, but remains on track with guidance for 2023 [15] - The U.S. consumer is still seeking value, leading to increased distribution in club and dollar stores by 20% and 10% respectively [26] - Two product categories, Lunchables and Capri Sun, faced significant volume declines, attributed to formulation changes and misleading media reports [28][31] Innovation and Product Development - The company is focusing on innovation and renovation, with plans to improve product formulations and packaging based on consumer feedback [40] - New product launches include a grilled cheese sandwich and Taco Bell products utilizing innovative cooking technology [43] - Partnerships with companies like NotCo for plant-based solutions and Simplot for resource sharing are part of the strategy to enhance product offerings [64] Emerging Markets Strategy - Kraft Heinz aims for double-digit growth in emerging markets, focusing on Brazil, Mexico, Indonesia, and China [44][45] - The company is working on increasing brand penetration and distribution in these markets, leveraging the strong perception of the Heinz brand [48][49] Gross Margin and Investment Outlook - Gross margins improved by 170 basis points, with expectations for continued expansion through disciplined pricing and cost efficiencies [50] - The company plans to maintain marketing investments between 4.5% and 5%, with R&D investments targeted to reach around 1% [51] Portfolio Strategy - The company has optimized its portfolio, focusing on Taste Elevation and divesting commoditized businesses [56][57] - Future acquisitions will align with the Taste Elevation strategy, ensuring a disciplined approach to portfolio management [58] Conclusion and Investor Takeaway - The CEO highlighted the transformation of the company over the past four years, emphasizing agility and partnerships as key to future growth [62][63] - The company is committed to delivering consistent results while focusing on long-term growth strategies [65] This summary encapsulates the key insights and strategic directions discussed during the conference call, providing a comprehensive overview of The Kraft Heinz Company's current status and future outlook.

The Kraft Heinz Company (NASDAQ:KHC) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 3:30 PM ET Company Participants Carlos Abrams-Rivera - CEO Conference Call Participants Alexia Howard - Bernstein Alexia Howard Good afternoon, everyone. It's my great pleasure to welcome Carlos Abrams-Rivera, who's the CEO of Kraft Heinz since December of last year. My name is Alexia Howard. I've been covering the U.S. packaged food group since, I think, August of 2006. For those of you in the audience ...

guvendemir Kraft Heinz (NASDAQ:KHC) needs no introduction, they are owners of a collection of iconic packaged food brands such as Heinz Ketchup, Philadelphia Cream Cheese and Kraft Mac & Cheese. Many of us have grown up with these brands and continue stocking up on them during our weekly grocery runs, no matter what. After all, we still have to eat. Traditionally this business has been practically risk-free and investors loved it. Nobody made fortunes out of it, but if you were looking for a reliable way to ...

Why might Kraft be considering selling one of its prized brands? Kraft Heinz (KHC -1.59%) is an attractive dividend stock for investors. It offers a high yield of 4.4%, which is more than three times the S&P 500 average of 1.4%. But the business hasn't been growing all that much, and with its high debt load and interest rates remaining elevated, investors haven't been keen on owning the stock in recent years. Concerns may be rising that Kraft may not be able to maintain its current dividend for the long hau ...

If it gets a good price, it could be a move that's hard to mess up. My bologna has a first name, it's O-S-C-A-R... We all recognize the famous Oscar Mayer jingle. But the brand has much more than bologna. It also has hot dogs, bacon, cold cuts, and its grab-and-go Scrambler breakfast bowls. The brand has changed hands several times in the last 40 years, ultimately coming under the Kraft Heinz (KHC -0.19%) umbrella when Kraft and Heinz merged in 2015. Oscar Mayer may be about to change hands again. According ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.It also includes access to the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style Score ...

The company is a relatively generous dividend payer, although it isn't very exciting as an investment.Kraft Heinz (KHC -1.75%) might be a purveyor of some of the most familiar food and condiment brands in the American pantry, but it hasn't been a very flavorful stock lately. Its shares have generally underperformed the broader stock market for years, due to lackluster results and a not-very compelling business profile.There is one group of market participants that continues to find Kraft Heinz tasty, though ...

For the quarter ended March 2024, Kraft Heinz (KHC) reported revenue of $6.41 billion, down 1.2% over the same period last year. EPS came in at $0.69, compared to $0.68 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.42 billion, representing a surprise of -0.13%. The company delivered an EPS surprise of +1.47%, with the consensus EPS estimate being $0.68.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...