$KHC (The Kraft Heinz Company)

$KHC {{ '2016-04-08T19:45:30+0000' | timeago}} • SEC

Packaged food company $KHC expects 2016 CapEx to be approx. $1.6Bil, including CapEx required for its ongoing integration and restructuring activities. CapEx was $648MM for the year ended Jan. 3, 2016.

$KHC {{ '2017-08-04T14:24:57+0000' | timeago}} • Webcast

$KHC cleared $2Bil of debt within two years of closing the merger of Kraft Foods Group and H.J Heinz.Co. The company's BoD also declared a 4.2% rise in its quarterly dividend to $0.625 per share.

$KHC {{ '2017-08-03T21:19:23+0000' | timeago}} • Announcement

During 2Q17, $KHC’s US net sales were down 1.2% to $4.6Bil. Pricing fell 0.4% primarily due to price increases in cheese. Canada net sales fell 6.4% to $597MM and Europe net sales dropped 4.9% to  $595MM while Rest of World net sales grew 1.6% to  $851MM.

$KHC {{ '2017-08-03T21:13:56+0000' | timeago}} • Announcement

Food and beverage company $KHC reported 50% jump in its 2Q17 profit. This increase was mainly due to lower Integration Program and restructuring costs. Net income rose to $1.2Bil, or $0.94 share, compared to  $770MM, or  $0.63 per share during 2Q16. Net sales fell 2% to $6.7Bil. Excluding items, $KHC earned $0.98 per share, up 15%.

$KHC {{ '2017-08-03T21:04:20+0000' | timeago}} • Infographic

$KHC The Kraft Heinz Company Earnings AlphaGraphics: Q2 2017 Highlights

$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.

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