$KHC (The Kraft Heinz Company)

$KHC {{ '2016-02-25T22:57:52+0000' | timeago}} • Webcast

In 2015, $KHC incurred $829MM of costs with roughly two-thirds of those costs related to severance and employee benefits. The company spent about $225MM in CapEx related to the program. $1.9Bil of pretax cost consisted of approx. $1.1Bil of cash costs and roughly $800MM in non-cash expenses like assets by costs and accelerated depreciation.

$KHC {{ '2017-06-30T13:22:14+0000' | timeago}} • Announcement

$KHC and Upstate Niagara Cooperative have signed an agreement by which Upstate Niagara will purchase the $KHC cheese plant located in Campbell, New York. Closing of the deal is expected to be completed within the next 30 to 60 days.

$KHC {{ '2017-05-03T22:42:40+0000' | timeago}} • Webcast

With regards to the M&A strategy, $KHC said that it wants to own brands with the strong equity and relative market share. The company also analyzes how the business operates before it enters into a transaction. In Feb. 2017, Unilever and $KHC called off their merger plan.

$KHC {{ '2017-05-03T21:09:23+0000' | timeago}} • Announcement

The BoD of $KHC declared a regular quarterly dividend of $0.60 per share of common stock payable on June 16, 2017 to stockholders as on May 19, 2017.

$KHC {{ '2017-05-03T20:36:03+0000' | timeago}} • Announcement

During 1Q17, $KHC’s US net sales were down 3.5% versus 1Q16. Pricing increased 0.7% primarily due to price increases in cheese. Volume/mix decreased 4.2% from a combination of consumption weakness across categories. Canada net sales fell 12.2% and Europe net sales dropped 6.8% while Rest of World net sales grew 7.5%.

$KHC {{ '2017-05-03T20:28:35+0000' | timeago}} • Announcement

$KHC reported a slight decrease in 1Q17 earnings. Net income was $893MM or $0.73 per share compared to $896MM or $0.73 per share in 1Q16. Net sales were $6.4Bil, down 3.1% versus the year-ago period, including an unfavorable 0.4% impact from currency. Organic net sales decreased 2.7% versus last year.

$KHC {{ '2017-02-16T13:46:55+0000' | timeago}} • Announcement

The BoD of $KHC declared a regular quarterly dividend of $0.60 per share. This dividend is payable on March 17, 2017 to stockholders of record as of March 3, 2017.

$KHC {{ '2017-02-15T23:34:13+0000' | timeago}} • Webcast

$KHC expects savings to be more in 2H17 versus 1H17, driven by the seasonality of the business and the Easter shift. The company expects 1H17 to have more investments and 2H17 to have more net savings.

$KHC {{ '2017-02-15T23:02:58+0000' | timeago}} • Webcast

$KHC is expected to pay down $2Bil of debt in July and will be holding of share repurchase at least July 2017. The company targets $1.7Bil in cumulative Integration Program savings by end of 2017, net of inflation and business investments in North America.

$KHC {{ '2017-02-15T22:19:30+0000' | timeago}} • Webcast

$KHC, which was formed by the merger of Kraft Foods Group and H.J. Heinz Co. in 2015, reported that it reorganized operating segments to better align with the company's global growth strategy. Russian business is now part of $KHC's Europe segment instead of Rest of World.

$KHC {{ '2017-02-15T21:34:22+0000' | timeago}} • Announcement

In 4Q16, $KHC’s United States net sales were $4.8Bil, down 3.1% versus 4Q15. Canada net sales were $617MM, down 2.4% versus the year-ago period. Europe net sales were $600MM, down 13.3% and Rest of World net sales were $801MM, down 0.7% versus the year-ago period.

$KHC {{ '2017-02-15T21:31:57+0000' | timeago}} • Announcement

$KHC reported an increase in 4Q16 results. Net income was $944MM or $0.77 per share compared to $285MM or $0.23 per share in 4Q15. Net sales were $6.9Bil, down 3.7% versus the year-ago period, including a negative 4.6% impact from a 53rd week of shipments in 2015 and an unfavorable 0.7% impact from currency.

$KHC {{ '2016-11-17T15:24:52+0000' | timeago}} • Announcement

$KHC asked its shareholders to reject an unsolicited “mini-tender” offer by TRC Capital Corp to purchase up to 1.5MM shares representing approx. 0.12% of the company. TRC’s offer price of $77.75 per share is below the closing price of $KHC’s common stock on Nov. 11, 2016, the last trading day before the commencement of the offer, the company said.

$KHC {{ '2016-11-03T22:10:12+0000' | timeago}} • Webcast

$KHC targets to achieve $1.5Bil in savings net of inflation by 2017. The company expects to pay $2Bil of debt in July 2017.

$KHC {{ '2016-11-03T22:01:47+0000' | timeago}} • Webcast

$KHC said that European business was mixed over the past two quarters. 3Q16 Europe results were sequentially worse than 2Q16, while 2Q16 was sequentially better than 1Q16. In Rest of the World, company saw deceleration in sales. Going forward, $KHC expects the distribution issues to be resolved and have investments in place to accelerate growth.

$KHC {{ '2016-11-03T20:32:14+0000' | timeago}} • Announcement

$KHC's volume/mix for 3Q16 slid 0.3 percentage points, on lower shipments across several categories, particularly cold cuts, foodservice and nuts in U.S. This was partially offset by growth driven by innovation in Lunchables and macaroni and cheese portfolio, as well as gains in coffee in U.S. and growth in condiments and sauces globally.

$KHC {{ '2016-11-03T20:29:54+0000' | timeago}} • Announcement

$KHC's pricing for 3Q16 declined 0.7 percentage points. This was driven by key commodity deflation in the United States, primarily in meats and coffee, and coffee in Canada, as well as higher promotional expenses in Europe.

$KHC {{ '2016-11-03T20:28:26+0000' | timeago}} • Announcement

Food and beverage company $KHC swung to a 3Q16 profit from a loss last year, driven by significant gains from cost savings, redemption of preferred stock and lower taxes. Net income was $842MM or $0.69 per share compared to a loss of $303MM or $0.27 per share last year. Net sales rose 2.4% to $6.27Bil. Adjusted EPS jumped 88.6% to $0.83.

$KHC {{ '2016-11-03T20:20:07+0000' | timeago}} • Announcement

The BoD of $KHC declared a regular quarterly dividend of $0.60 per share of its common stock. This dividend is payable on December 16, 2016, to stockholders of record as of December 2, 2016.

$KHC {{ '2016-10-21T20:56:03+0000' | timeago}} • Announcement

Condiments and sauces manufacturer $KHC said it has added Feroz Dewan to its BoD. The newly elected Board member Dewan is the CEO of Arena Holdings Management, a global investment business.

$KHC {{ '2016-08-05T10:58:57+0000' | timeago}} • Webcast

Bryan Spillane of Bank of America Merrill Lynch seeks $KHC's perspective on the challenging environment and declining consumption. COO Georges El-Zoghbi says the challenges accelerated aover the past 12 months. The company is trying to counter the trend by investing more in new product development program to support the company's big brands.

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