US Market News
2 weeks ago
Kraft Heinz Announces Pricing Terms and the Accepted Tender Amounts for the Cash Tender Offer for Up To $1.1 Billion Aggregate Purchase Price of Certain of Its Outstanding NotesMay 21, 2026 2:21 PM
Business Wire The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) announced today the pricing terms and the accepted tender amounts in respect of the previously announced offer by Kraft Heinz Foods Company, its 100% owned subsidiary (the “Issuer”), to purchase for cash (the “Tender Offer”) up to the maximum combined aggregate purchase price of $1,100,000,000, excluding accrued and unpaid interest (the “Maximum Tender Amount”), of its outstanding 4.375% Senior Notes due June 2046 (the “2046 Notes”) and its 4.875% Senior Notes due October 2049 (the “2049 Notes” and, together with the 2046 Notes, the “Notes” and each, a “Series” of Notes), from each registered holder of the Notes (the “Holders”), pursuant to the terms and subject to the conditions set forth in the offer to purchase dated May 7, 2026 (the “Offer to Purchase”). Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase. The applicable total consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase (the “Total Consideration”) was determined in the manner described in the Offer to Purchase by reference to the Fixed Spread (as defined below) for the applicable Series specified below over the applicable Reference Yield (as defined below) based on the bid-side price of the applicable Reference Treasury Security specified below, as calculated by the Dealer Managers (as defined below), today at 10:00 a.m. New York City time. CUSIP No. / ISIN Title of Security Acceptance Priority Level Reference Treasury Security Reference Yield Bloomberg Reference Page Fixed Spread (bps) Early Tender Premium(1)(2) Total Consideration(1) 50077L AB2 / US50077LAB27
(144A): 50077L AA4 / US50077LAA44
(Reg S): U5009L AA8 / USU5009LAA80 4.375% Senior Notes due June 2046 1 4.625% U.S. Treasury due Feb. 15, 2046 5.148% FIT1 +100 $30 $797.44 50077L AZ9 / US50077LAZ94
(144A): 50077L AY2 / US50077LAY20
(Reg S): U5009LAZ3 / USU5009LAZ32 4.875% Senior Notes due October 2049 2 4.625% U.S. Treasury due Feb. 15, 2046 N/A FIT1 +116 $30 N/A (1) The Total Consideration for each Series validly tendered prior to or at the applicable Early Tender Time (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread (as defined below) and is inclusive of the applicable Early Tender Premium (as defined below). (2) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase (the “Early Tender Premium”). Because the maximum combined aggregate purchase price, excluding accrued and unpaid interest, of the 2046 Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on May 20, 2026 (the “Early Tender Time”), exceeded the Maximum Tender Amount, the Issuer accepts for purchase $1,379,414,000 in aggregate principal amount of the 2046 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time (representing approximately 49.51% of the aggregate principal amount of 2046 Notes outstanding), using a proration factor of approximately 78.77% in accordance with the terms and subject to the conditions set forth in the Offer to Purchase, so that the maximum principal amount of the 2046 Notes accepted for purchase does not result in the maximum combined aggregate purchase price (excluding accrued and unpaid interest) exceeding the Maximum Tender Amount. The Issuer will not accept for purchase any of the 2049 Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, or any Notes tendered after the Early Tender Time. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable Holder’s account. The Issuer will pay Holders who validly tendered and did not validly withdraw their 2046 Notes at or prior to the Early Tender Time, and whose 2046 Notes have been accepted for purchase, the applicable Total Consideration, inclusive of the applicable Early Tender Premium, as set forth in the table above. Settlement for the 2046 Notes that were validly tendered and not validly withdrawn at or prior to the Early Tender Time and that are accepted for purchase will occur on May 26, 2026 (the “Early Settlement Date”), the third business day after the Early Tender Time. The Tender Offer will expire at 5:00 p.m. New York City time, on June 5, 2026, unless extended with respect to a Series of Notes (such time and date, as they may be extended, the “Expiration Time”) or earlier terminated as described in the Offer to Purchase. Kraft Heinz has engaged BofA Securities, Inc. (“BofA Securities”), Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc. (“Deutsche Bank Securities”) and Goldman Sachs & Co. LLC (“Goldman Sachs”) to act as dealer managers (collectively, the “Dealer Managers”) in connection with the Tender Offer and has appointed Global Bondholder Services Corporation to serve as the Tender Agent and Information Agent for the Tender Offer. Copies of the Offer to Purchase are available at https://www.gbsc-usa.com/kraftheinzcompany/ or by contacting Global Bondholder Services Corporation via telephone at (855) 654-2015 (toll free) or (212) 430-3774 (for banks and brokers). Questions regarding the terms of the Tender Offer should be directed to BofA Securities at (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect); Deutsche Bank Securities at (866) 627-0391 (toll-free) or (212) 250-2955 (collect); or Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (collect). None of the Issuer, Kraft Heinz, their boards of directors or boards of managers, as applicable, the Dealer Managers, Global Bondholder Services Corporation, the Trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender. This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The terms and conditions of the Tender Offer are described in the Offer to Purchase, and this press release must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information that should be read carefully before any decision is made with respect to the Tender Offer. The Tender Offer is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. If any Holder is in any doubt as to the contents of this press release, or the Offer to Purchase, or the action it should take, the Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant, or other independent financial, tax, or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company, or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offer. ABOUT THE KRAFT HEINZ COMPANY Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Forward-Looking Statements This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “could,” “should,” “will,” “would,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the anticipated timing and completion of the Tender Offer; the expected aggregate principal amount of Notes to be purchased in the Tender Offer; and any other statements regarding the plans, expectations, or intentions with respect to the Tender Offer. These forward-looking statements reflect management’s current expectations, estimates and assumptions, and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control. Such risks, uncertainties, and other factors include, but are not limited to: Kraft Heinz’s ability to consummate the Tender Offer on the terms and conditions or the timeline described in the Offer to Purchase, or at all; the satisfaction or waiver of the conditions to the Tender Offer; changes in laws, regulations, or regulatory interpretations that may affect Kraft Heinz’s ability to consummate the Tender Offer; the aggregate principal amount of Notes of each series ultimately tendered and the level of participation of Holders in the Tender Offer; the timing of the settlement of the Tender Offer; and volatility of capital markets and other macroeconomic factors. For additional information on other factors that could affect the Kraft Heinz’s forward-looking statements, see Kraft Heinz’s risk factors, as they may be amended from time to time, set forth in its filings with the Securities and Exchange Commission (the “SEC”). Any forward-looking statement made in this press release speaks only as of the date hereof and is expressly qualified in its entirety by the cautionary statements set forth herein and the risk factors and other cautionary statements contained in Kraft Heinz’s filings with the SEC. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521985970/en/ Kraft Heinz Media Team (media)
media@kraftheinz.com Anne-Marie Megela (investors)
Anne-Marie.Megela@kraftheinz.com Original: Kraft Heinz Announces Pricing Terms and the Accepted Tender Amounts for the Cash Tender Offer for Up To $1.1 Billion Aggregate Purchase Price of Certain of Its Outstanding Notes
US Market News
2 weeks ago
Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement for Its Previously Announced Cash Tender OfferMay 21, 2026 8:45 AM
Business Wire The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) announced today the early tender results, as of 5:00 p.m., New York City time, on May 20, 2026 (the “Early Tender Time”), and the satisfaction of the condition to receive proceeds of an offering of new senior unsecured notes on terms satisfactory to the Issuer (the “Financing Condition”), in each case in respect of the previously announced offer by Kraft Heinz Foods Company, its 100% owned subsidiary (the “Issuer”), to purchase for cash (the “Tender Offer”) up to the maximum combined aggregate purchase price of $1,100,000,000, excluding accrued and unpaid interest (the “Maximum Tender Amount”), of its outstanding 4.375% Senior Notes due June 2046 (the “2046 Notes”) and its 4.875% Senior Notes due October 2049 (the “2049 Notes” and, together with the 2046 Notes, the “Notes” and each, a “Series” of Notes), from each registered holder of the Notes (the “Holders”), pursuant to the terms and subject to the conditions set forth in the offer to purchase dated May 7, 2026 (the “Offer to Purchase”). Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase. The following table sets forth certain information regarding the Notes and the Tender Offer, including the aggregate principal amount of Notes that were validly tendered and not validly withdrawn as of the Early Tender Time according to Global Bondholder Services Corporation, the Tender Agent and Information Agent for the Tender Offer: CUSIP No. / ISIN Title of Security Acceptance Priority Level Principal Amount Outstanding Aggregate Principal Amount Tendered 50077L AB2 / US50077LAB27
(144A): 50077L AA4 / US50077LAA44
(Reg S): U5009L AA8 / USU5009LAA80 4.375% Senior Notes
due June 2046 1 $2,786,174,000 $1,751,829,000 50077L AZ9 / US50077LAZ94
(144A): 50077L AY2 / US50077LAY20
(Reg S): U5009LAZ3 / USU5009LAZ32 4.875% Senior Notes
due October 2049 2 $1,450,000,000 $822,568,000 Kraft Heinz also announced that, with respect to the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time, the Issuer has elected to have an early settlement date with payment for such Notes to occur on May 26, 2026. The deadline to withdraw Notes tendered in the Tender Offer was 5:00 p.m. New York City time, on May 20, 2026, which deadline has not been extended (such date and time, the “Withdrawal Date”). Accordingly, Notes tendered at or prior to the Withdrawal Date may no longer be withdrawn, except in certain limited circumstances where the Issuer determines that additional withdrawal rights are required by law. Subject to applicable law, the Issuer has reserved the right, in its sole discretion, to at any time (i) waive any and all conditions to the Tender Offer, (ii) extend, terminate, or withdraw the Tender Offer, (iii) increase or waive the Maximum Tender Amount, with or without extending the Withdrawal Date, or (iv) otherwise amend the Tender Offer in any respect. The applicable Total Consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the Fixed Spread for the applicable Series specified on the front cover of the Offer to Purchase over the applicable Reference Yield based on the bid-side price of the applicable Reference Treasury Security specified on the front cover of the Offer to Purchase, as calculated by the Dealer Managers (as defined below) at 10:00 a.m. New York City time, on May 21, 2026 (such time and date, the “Price Determination Date”). Because the maximum combined aggregate purchase price, excluding accrued and unpaid interest, of the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time is expected to exceed the Maximum Tender Amount, Kraft Heinz expects to accept for purchase Notes validly tendered and not validly withdrawn in accordance with the Acceptance Priority Levels set forth in the table above. If the aggregate purchase price, excluding accrued and unpaid interest, of the Notes that are validly tendered and not validly withdrawn at or prior to the Early Tender Time is greater than the Maximum Tender Amount, the Notes of the Series, the acceptance of which would result in the Maximum Tender Amount being exceeded, will be accepted for purchase on a prorated basis in accordance with the terms set forth in the Offer to Purchase. The Issuer will not accept for purchase any Notes tendered after the Early Tender Time. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable Holder’s account. The Tender Offer will expire at 5:00 p.m., New York City time, on June 5, 2026, unless extended with respect to a Series of Notes (such time and date, as they may be extended, the “Expiration Time”) or earlier terminated as described in the Offer to Purchase. Kraft Heinz has engaged BofA Securities, Inc. (“BofA Securities”), Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc. (“Deutsche Bank Securities”) and Goldman Sachs & Co. LLC (“Goldman Sachs”) to act as dealer managers (collectively, the “Dealer Managers”) in connection with the Tender Offer and has appointed Global Bondholder Services Corporation to serve as the Tender Agent and Information Agent for the Tender Offer. Copies of the Offer to Purchase are available at https://www.gbsc-usa.com/kraftheinzcompany/ or by contacting Global Bondholder Services Corporation via telephone at (855) 654-2015 (toll free) or (212) 430-3774 (for banks and brokers). Questions regarding the terms of the Tender Offer should be directed to BofA Securities at (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect); Deutsche Bank Securities at (866) 627-0391 (toll-free) or (212) 250-2955 (collect); or Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (collect). None of the Issuer, Kraft Heinz, their boards of directors or boards of managers, as applicable, the Dealer Managers, Global Bondholder Services Corporation, the Trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender. This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The terms and conditions of the Tender Offer are described in the Offer to Purchase, and this press release must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information that should be read carefully before any decision is made with respect to the Tender Offer. The Tender Offer is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. If any Holder is in any doubt as to the contents of this press release, or the Offer to Purchase, or the action it should take, the Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant, or other independent financial, tax, or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company, or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offer. ABOUT THE KRAFT HEINZ COMPANY Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Forward-Looking Statements This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “could,” “should,” “will,” “would,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the anticipated timing and completion of the Tender Offer; the expected aggregate principal amount of Notes to be purchased in the Tender Offer; and any other statements regarding the plans, expectations, or intentions with respect to the Tender Offer. These forward-looking statements reflect management’s current expectations, estimates and assumptions, and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control. Such risks, uncertainties, and other factors include, but are not limited to: Kraft Heinz’s ability to consummate the Tender Offer on the terms and conditions or the timeline described in the Offer to Purchase, or at all; the satisfaction or waiver of the conditions to the Tender Offer; changes in laws, regulations, or regulatory interpretations that may affect Kraft Heinz’s ability to consummate the Tender Offer; the aggregate principal amount of Notes of each series ultimately tendered and the level of participation of Holders in the Tender Offer; the timing of the settlement of the Tender Offer; and volatility of capital markets and other macroeconomic factors. For additional information on other factors that could affect the Kraft Heinz’s forward-looking statements, see Kraft Heinz’s risk factors, as they may be amended from time to time, set forth in its filings with the Securities and Exchange Commission (the “SEC”). Any forward-looking statement made in this press release speaks only as of the date hereof and is expressly qualified in its entirety by the cautionary statements set forth herein and the risk factors and other cautionary statements contained in Kraft Heinz’s filings with the SEC. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260521180352/en/ Kraft Heinz Media Team (media)
media@kraftheinz.com Anne-Marie Megela (investors)
Anne-Marie.Megela@kraftheinz.com Original: Kraft Heinz Announces Early Tender Participation Results, Satisfaction of the Financing Condition, and Election of Early Settlement for Its Previously Announced Cash Tender Offer
US Market News
3 weeks ago
Lunchables Introduces Snackables, Its First-Ever Double Snack Pack Designed to Split, Swap and ShareMay 11, 2026 7:01 AM
Business Wire The brand expands beyond lunch with a new shareable twist on the beloved Lunchables lineup; created for a convenient, delicious and balanced snack time Lunchables is entering a new era of snacking. Today, the brand introduces Snackables – its first-ever double snack pack inspired by the rising demand for bite-sized, shareable foods and on-the-go formats people are craving. Designed for splitting, swapping and sharing, Snackables brings together craveable combinations of cheese, crunchy crackers and poppable favorites in convenient-dual compartment packs made for modern snack moments that both parents and kids will love. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260511745616/en/Lunchables is giving friends a new way to snack together with the debut of Snackables: a new snack offering combining sweet & savory bites in a convenient double pack format, perfect for splitting, swapping and sharing. As nearly half of Americans now snack 2-3 times per day 1 and mini, snackable food formats continue to surge in popularity, 2 Lunchables is bringing its signature mix-and-match experience to an entirely new occasion. Each Snackables pack delivers 5 grams of protein and brings together two of Lunchables’ most iconic elements — cheese and crunchy crackers — alongside the poppable bites fans are reaching for most right now, 3 including fruit snacks and chocolate chip graham crackers. Snackables launches in two varieties: Cheddar Cheese Snackables: Classic, natural cheddar cheese paired with mini crackers and Welch’s® Reduced Sugar Mixed Berry Fruit Snacks for a convenient and shareable mix, offering a good source of fiber with cheesy, crunchy and fruity bites. Colby Jack Cheese Snackables: Smooth, natural Colby Jack cheese paired with mini crackers and mini chocolate chip graham crackers for a playful combination of savory cheese and chocolatey sweetness, offering a good source of calcium. “For decades, Lunchables has been a kid-loved, parent-approved offering for lunchtime, snacktime and all other moments in between, and as our fans’ snacking habits continue to evolve, we saw an opportunity to bring something new to the table,” said Brittany Piszynski, Director of Marketing for Lunchables. “As the original charcuterie kit brand, we’re putting a spin on our most iconic ingredients with Snackables, creating a snack kids will love and parents can feel good about serving to their families.” The launch taps into a broader cultural shift around shared snacking experiences — from curated snack boards to casual hang outs, snacking has increasingly become a social activity rooted in both connection and convenience. In fact, nearly half of Gen Z consumers say they enjoy sweets and snacks with friends,4 while shared food experiences like charcuterie have been linked to increased happiness and social connection. In celebration of Snackables and the art of snacking together, Lunchables is introducing the Snackables CharcuteRING. A snackable spin on the current friendship ring trend, the CharcuteRING brings to life Lunchables’ signature mix-and-match approach as a wearable accessory, turning shared snacking into an official friendship moment. Fans can sign up for early access to the Snackables CharecuteRING by visiting Lunchables.com/Charcutering, with nationwide purchase available on National Best Friends Day, June 8. Snackables is now rolling out to retailers nationwide for $2.99 per double snack pack. To learn more about Lunchables Snackables and the Snackables CharcuteRING, fans can follow along on the Lunchables Instagram and TikTok. 1 Innova Market Insights, Consumer Snack Trends in the US, June 2025
2 World Happiness Report, 2025
3 Lunchables Snackables Consumer Liking Test, 7/15/2025
4 Talker Research, 2026 ABOUT THE KRAFT HEINZ COMPANY Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Learn more at www.kraftheinzcompany.com. View source version on businesswire.com: https://www.businesswire.com/news/home/20260511745616/en/ MEDIA CONTACTS
The Kraft Heinz Company
media@kraftheinz.com Original: Lunchables Introduces Snackables, Its First-Ever Double Snack Pack Designed to Split, Swap and Share
US Market News
4 weeks ago
Kraft Heinz Commences Cash Tender Offer for Up To $1.1 Billion Aggregate Purchase Price of Certain of its Outstanding NotesMay 7, 2026 3:11 AM
Business Wire The Kraft Heinz Company (“Kraft Heinz”) (Nasdaq: KHC) announced today that Kraft Heinz Foods Company, its 100% owned subsidiary (the “Issuer”), has commenced an offer to purchase for cash (the “Tender Offer”) up to the maximum combined aggregate purchase price of $1,100,000,000, excluding accrued and unpaid interest (the “Maximum Tender Amount”), of its outstanding 4.375% Senior Notes due June 2046 and its 4.875% Senior Notes due October 2049 (collectively, the “Notes” and, each, a “Series” of Notes), from each registered holder of the Notes (the “Holders”). Subject to the Maximum Tender Amount, the amount of a Series of Notes that is purchased in the Tender Offer will be based on the Acceptance Priority Levels set forth in the table below. The Tender Offer is being made on the terms and subject to the conditions set forth in the offer to purchase dated May 7, 2026 (the “Offer to Purchase”). Capitalized terms used in this release but not otherwise defined have the meaning given in the Offer to Purchase. CUSIP No. / ISIN Title of
Security Principal Amount Outstanding Acceptance Priority Level Reference Treasury
Security Bloomberg Reference Page Fixed Spread (bps) Early Tender Premium(1)(2) 50077L AB2 / US50077LAB27
(144A): 50077L AA4 / US50077LAA44
(Reg S): U5009L AA8 / USU5009LAA80 4.375% Senior Notes due June
2046 $2,786,174,000 1 4.625%
U.S. Treasury due Feb. 15, 2046 FIT1 +100 $30 50077L AZ9 / US50077LAZ94
(144A): 50077L AY2 / US50077LAY20
(Reg S): U5009LAZ3 / USU5009LAZ32 4.875% Senior Notes due
October 2049 $1,450,000,000 2 4.625%
U.S. Treasury due Feb. 15, 2046 FIT1 +116 $30 _____________ (1) The Total Consideration (as defined below) for each Series validly tendered prior to or at the applicable Early Tender Time (as defined below) and accepted for purchase is calculated using the applicable Fixed Spread (as defined below) and is inclusive of the applicable Early Tender Premium (as defined below). (2) Per $1,000 principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time and accepted for purchase (the “Early Tender Premium”). Consummation of the Tender Offer and payment for the Notes accepted for purchase are subject to the satisfaction or waiver of certain conditions described in the Offer to Purchase, including among other things, the receipt of proceeds upon settlement of an offering of new senior unsecured notes on terms satisfactory to the Issuer (the “Financing Condition”). Subject to applicable law, the Issuer has reserved the right, in its sole discretion, to at any time (i) waive any and all conditions to the Tender Offer, including the satisfaction of Financing Condition, (ii) extend, terminate, or withdraw the Tender Offer, (iii) increase or waive the Maximum Tender Amount, with or without extending the Withdrawal Date (as defined below), or (iv) otherwise amend the Tender Offer in any respect. The Tender Offer will expire at 5:00 p.m. New York City time, on June 5, 2026, unless extended with respect to a Series of Notes (such time and date, as they may be extended, the “Expiration Time”) or earlier terminated as described in the Offer to Purchase. Notes tendered at or prior to 5:00 p.m. New York City time, on May 20, 2026 (such date and time, as the same may be extended, the “Withdrawal Date”) may be validly withdrawn at any time at or prior to the Withdrawal Date, but not thereafter, except in certain limited circumstances where the Issuer determines that additional withdrawal rights are required by law. Holders are urged to read the Offer to Purchase carefully before making any decision with respect to the Tender Offer. Holders who validly tender and do not validly withdraw their Notes at or prior to 5:00 p.m. New York City time, on May 20, 2026, unless extended with respect to any Series of Notes (such date and time, as the same may be extended, the “Early Tender Time”) or earlier terminated by the Issuer, will be eligible to receive the applicable Total Consideration, which includes the applicable Early Tender Premium as set forth in the table above. The applicable Total Consideration for each $1,000 principal amount of Notes validly tendered and accepted for purchase will be determined in the manner described in the Offer to Purchase by reference to the Fixed Spread for the applicable Series specified on the front cover of the Offer to Purchase over the applicable Reference Yield based on the bid-side price of the applicable Reference Treasury Security specified on the front cover of the Offer to Purchase, as calculated by the Dealer Managers (as defined below) at 10:00 a.m. New York City time, on May 21, 2026 (subject to certain exceptions set forth in the Offer to Purchase, such time and date, as the same may be extended the “Price Determination Date”). Holders who validly tender their Notes after the Early Tender Time and at or prior to the Expiration Time will be entitled to receive only the applicable Tender Offer Consideration, which is equal to the applicable Total Consideration minus the applicable Early Tender Premium. For Notes validly tendered at or prior to the Early Tender Time, and not subsequently validly withdrawn and that are accepted for purchase, the Issuer has the option for settlement to occur on the Early Settlement Date, which is expected to be May 26, 2026, the third business day after the Early Tender Time. In the event the Issuer chooses to have an Early Settlement Date, settlement for Notes validly tendered after the Early Tender Time, but at or prior to the Expiration Time, is expected to occur on June 9, 2026, the second business day following the Expiration Time, unless extended. In addition to the Total Consideration or the Tender Offer Consideration, as applicable, all Notes accepted for purchase pursuant to the Tender Offer will on the Early Settlement Date or the Final Settlement Date, as applicable, also receive accrued and unpaid interest in respect of such Notes from the most recent applicable interest payment date to, but excluding, the applicable Settlement Date. Subject to the Maximum Tender Amount, the application of the Acceptance Priority Levels, and the other terms and conditions described in the Offer to Purchase, including the Financing Condition, the Issuer intends to accept for purchase all Notes validly tendered and not validly withdrawn at or prior to the Expiration Time. However, if the Tender Offer is fully subscribed as of the Early Tender Time, Holders who validly tender their Notes after the Early Tender Time but at or prior to the Expiration Time will not have any of their Notes accepted for purchase. Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time will be accepted for purchase in priority to the Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time, even if such Notes validly tendered after the Early Tender Time and at or prior to the Expiration Time have a higher Acceptance Priority Level than the Notes validly tendered and not validly withdrawn at or prior to the Early Tender Time. As a result, each Holder who validly tenders Notes pursuant to the Tender Offer may have a portion of its Notes returned to it, and the amount of Notes returned will depend on the level of participation of Holders in the Tender Offer. The Tender Offer may be subject to proration if the aggregate purchase price (excluding accrued and unpaid interest) of the Notes that are validly tendered and not validly withdrawn is greater than the Maximum Tender Amount. The Issuer reserves the right, subject to applicable law, but is under no obligation, to increase or waive the Maximum Tender Amount, in its sole discretion, with or without extending the Withdrawal Date. No assurance can be given that the Issuer will increase or waive the Maximum Tender Amount. Kraft Heinz has engaged BofA Securities, Inc. (“BofA Securities”), Citigroup Global Markets Inc. (“Citigroup”), Deutsche Bank Securities Inc. (“Deutsche Bank Securities”) and Goldman Sachs & Co. LLC (“Goldman Sachs”) to act as dealer managers (collectively, the “Dealer Managers”) in connection with the Tender Offer and has appointed Global Bondholder Services Corporation to serve as the Tender Agent and Information Agent for the Tender Offer. Copies of the Offer to Purchase are available at https://www.gbsc-usa.com/kraftheinzcompany/ or by contacting Global Bondholder Services Corporation via telephone at (855) 654-2015 (toll free) or (212) 430-3774 (for banks and brokers). Questions regarding the terms of the Tender Offer should be directed to BofA Securities at (888) 292-0070 (toll-free) or (980) 387-3907 (collect); Citigroup at (800) 558-3745 (toll-free) or (212) 723-6106 (collect); Deutsche Bank Securities at (866) 627-0391 (toll-free) or (212) 250-2955 (collect); or Goldman Sachs at (800) 828-3182 (toll-free) or (212) 357-1452 (collect). None of the Issuer, Kraft Heinz, their boards of directors or boards of managers, as applicable, the Dealer Managers, Global Bondholder Services Corporation, the Trustee for the Notes, or any of their respective affiliates, is making any recommendation as to whether Holders should tender any Notes in response to the Tender Offer. Holders must make their own decision as to whether to tender any of their Notes and, if so, the principal amounts of Notes to tender. This press release is for informational purposes only and is not an offer to purchase, a solicitation of an offer to purchase, or a solicitation of consents with respect to any securities. This press release does not describe all the material terms of the Tender Offer, and no decision should be made by any Holder on the basis of this press release. The terms and conditions of the Tender Offer are described in the Offer to Purchase, and this press release must be read in conjunction with the Offer to Purchase. The Offer to Purchase contains important information that should be read carefully before any decision is made with respect to the Tender Offer. The Tender Offer is not being made in any jurisdiction in which, or to or from any person to or from whom, it is unlawful to make such offer or solicitation under applicable securities or blue sky laws. If any Holder is in any doubt as to the contents of this press release, or the Offer to Purchase, or the action it should take, the Holder should seek its own financial and legal advice, including in respect of any tax consequences, immediately from its stockbroker, bank manager, solicitor, accountant, or other independent financial, tax, or legal adviser. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company, or other nominee must contact such entity if it wishes to tender such Notes pursuant to the Tender Offer. ABOUT THE KRAFT HEINZ COMPANY Kraft Heinz (Nasdaq: KHC) is one of the world’s largest food and beverage companies, with approximately $25 billion in net sales in 2025 and a portfolio of iconic brands enjoyed by consumers in more than 40 countries. By investing in our capabilities and brands, including Heinz, Kraft, Philadelphia, Primal Kitchen, and Lunchables, we are unlocking the full power of our portfolio. We deliver high-quality, great-tasting, and affordable food for the consumers of today, while shaping the future of food. Forward-Looking Statements This press release contains certain statements that may be considered “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical facts and may be identified by words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “plan,” “project,” “could,” “should,” “will,” “would,” and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. Examples of forward-looking statements include, but are not limited to, statements regarding the anticipated timing and completion of the Tender Offer; the anticipated satisfaction of conditions to the Tender Offer, including the expected timing, terms, and completion of a new senior unsecured notes offering to satisfy the Financing Condition and the expected use of net proceeds from such new senior unsecured notes offering to fund the purchase of Notes in the Tender Offer and to pay related fees and expenses; the expected aggregate principal amount of Notes to be purchased in the Tender Offer; and any other statements regarding the plans, expectations, or intentions with respect to the Tender Offer or the related financing. These forward-looking statements reflect management’s current expectations, estimates and assumptions, and are not guarantees of future performance and are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond Kraft Heinz’s control. Such risks, uncertainties, and other factors include, but are not limited to: Kraft Heinz’s ability to consummate the Tender Offer on the terms and conditions or the timeline described in the Offer to Purchase, or at all; the satisfaction or waiver of the conditions to the Tender Offer, including the Financing Condition; Kraft Heinz’s ability to consummate the proposed new senior unsecured notes offering on terms satisfactory to Kraft Heinz, in a timely manner, or at all, due to adverse changes in the corporate credit markets, prevailing interest rates, or general economic conditions; changes in laws, regulations, or regulatory interpretations that may affect Kraft Heinz’s ability to consummate the Tender Offer or the related financing; the aggregate principal amount of Notes of each series ultimately tendered and the level of participation of Holders in the Tender Offer; the timing of the settlement of the Tender Offer and the related financing; and volatility of capital markets and other macroeconomic factors. For additional information on other factors that could affect the Kraft Heinz’s forward-looking statements, see Kraft Heinz’s risk factors, as they may be amended from time to time, set forth in its filings with the Securities and Exchange Commission (the “SEC”). Any forward-looking statement made in this press release speaks only as of the date hereof and is expressly qualified in its entirety by the cautionary statements set forth herein and the risk factors and other cautionary statements contained in Kraft Heinz’s filings with the SEC. Kraft Heinz disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation. Readers are cautioned not to place undue reliance on any forward-looking statements. View source version on businesswire.com: https://www.businesswire.com/news/home/20260506284543/en/ Kraft Heinz Media Team (media)
media@kraftheinz.com Anne-Marie Megela (investors)
Anne-Marie.Megela@kraftheinz.com Original: Kraft Heinz Commences Cash Tender Offer for Up To $1.1 Billion Aggregate Purchase Price of Certain of its Outstanding Notes
US Market News
2 months ago
Ore-Ida Introduces “Ore-Ida or Nothing”, New Creative Platform Celebrating its Legacy as the Inventor of Tater TotsApril 14, 2026 6:00 AM
Business Wire
New campaign starring Keegan-Michael Key proves nothing beats the original, so why settle for an imi-tater?
Today, Ore-Ida, the inventor of Tater Tots, announces “Ore-Ida or Nothing,” a new creative platform reinforcing the brand’s legacy of innovation and unbeatable quality. Brought to life through a new campaign starring Keegan-Michael Key, the platform celebrates a simple truth that Ore-Ida has been proving for over 70 years: when it comes to potatoes, nothing beats the original.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260414902948/en/Ore-Ida Introduces “Ore-Ida or Nothing”, New Creative Platform Celebrating its Legacy as the Inventor of Tater Tots
Founded in 1952, Ore-Ida turns potatoes grown in Oregon and Idaho into simple, flavorful favorites that make ordinary meals more memorable. The brand’s founders, the Grigg brothers, invented Tater Tots by repurposing the remaining potato pieces from French fry production – turning what was left over into one of Ore-Ida's most iconic creations. Today, as the number one branded leader in frozen potatoes, Ore-Ida continues to define and push the category forward.
“As the inventor of Tater Tots, we’ve spent decades setting the standard for what great potatoes should taste like,” said Claire Lukaszewski, Senior Brand Manager, Ore-Ida. “With ‘Ore-Ida or Nothing,’ we’re reminding consumers of something we can say with confidence: Ore-Ida out potatoes all other potatoes. There’s a difference you can taste - and it starts with the original.”
The first campaign within the new platform, “imi-taters”, stars Keegan-Michael Key who appears as himself alongside a lineup of exaggerated, over-the-top imitation characters - or “imi-taters” - each attempting, and failing, to replicate the original. Key plays a full cast of distinct personas, including Keegan Seven Seas; a grizzled sea captain, Keegan Cycle Key; a hardcore fitness instructor, and @Keegan-Michael Yeet; a Gen Z influencer. Through humor and performance, the campaign underscores that while others may try, nothing matches the crispy-outside, fluffy-inside taste of Ore-Ida Tater Tots.
“This campaign allowed me to do what I love most - dive in and create some really fun characters. And it all comes back to a pretty simple idea,” said Keegan-Michael Key, “Which is- that you can try to copy something great, but there’s always something just a little… off. That’s what made creating these ‘imi-taters’ so fun. They can come close, but are never as good as the original, which is exactly what makes Ore-Ida stand out.”
Ahead of the launch, fans got an early glimpse when Key was spotted behind home plate at a New York Yankees game - but he wasn’t alone. Surrounded by a lineup of nearly identical imitators, the moment sparked curiosity among fans both in-stadium and watching from home, blurring the line between real and imitation.
Anchored by the brand’s largest marketing investment to date, the fully integrated campaign, developed in partnership with Rethink, features 12 unique spots and will run across TV, online and social.
To follow along, visit Ore-Ida on Instagram at @OreIda.
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2025 net sales of approximately $25 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260414902948/en/
Alison Brod Marketing + Communications
Kraftheinz@abmc-us.com
Original: Ore-Ida Introduces “Ore-Ida or Nothing”, New Creative Platform Celebrating its Legacy as the Inventor of Tater Tots
US Market News
2 months ago
Taber (Alberta) couronnée la grande gagnante de Kraft Hockeyville 2026April 4, 2026 9:15 PM
Business Wire
La ville recevra 250?000 $ pour des améliorations à son aréna et accueillera un match de présaison de la LNH®, alors que la municipalité finaliste, Tumbler Ridge, en Colombie-Britannique, recevra 100?000 $
Les deux communautés recevront également 10 000 $ en nouvel équipement de hockey de la part du programme Buts et rêves de l’AJLNH et du Fonds de croissance de l’industrie de la LNH/AJLNH.
Kraft Heinz, en partenariat avec la Ligue nationale de hockey (LNH®) et l’Association des joueurs de la Ligue nationale de hockey (AJLNH), est heureuse d’annoncer que Taber, en Alberta, a été nommée la grande gagnante de Kraft Hockeyville 2026.
Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260404819426/fr/Taber (Alberta) couronnée la grande gagnante de Kraft Hockeyville 2026
Taber, en Alberta, recevra 250?000 $ pour des améliorations à son aréna, en plus de la possibilité d’accueillir un match de présaison de la LNH® dans sa communauté à l’automne 2027. La municipalité finaliste, Tumbler Ridge, en Colombie-Britannique, recevra 100?000 $ pour des améliorations à son aréna, soit quatre fois plus que le prix remis aux finalistes lors des années précédentes, dans le cadre de l’expansion exceptionnelle du programme pour souligner son 20e anniversaire. Au total, Kraft Hockeyville 2026 représente plus d’un million de dollars en prix : le plus gros investissement de l’histoire du programme. Taber, en Alberta, et Tumbler Ridge, en Colombie-Britannique, ainsi que les 11 finalistes provinciaux et territoriaux, recevront également 10?000 dollars en équipement de hockey neuf pour aider plus d’enfants à pratiquer ce sport, gracieuseté du programme Buts et rêves de l’AJLNH et du Fonds de croissance de l’industrie de la LNH/AJLNH.
À la suite d’un vote national, les Canadiens ont choisi Taber, en Alberta, comme grande gagnante de Kraft Hockeyville 2026. La ville a remporté ce titre grâce à son histoire inspirante de résilience et de fierté, ainsi qu’au rôle central que joue son aréna dans le rassemblement de la communauté. Le commentateur sportif Ron MacLean et le commissaire de la LNH Gary Bettman ont annoncé la nouvelle lors de la diffusion de La Soirée du hockey au Canada sur Sportsnet en début de soirée.
Depuis plus de 50 ans, le Taber Community Centre est au cœur de la vie locale. L’aréna accueille les équipes comme les Oil Kings et les AA Golden Suns, en plus d’être un lieu central pour les matchs, tournois et événements locaux. À la suite d’une explosion survenue en décembre 2025 qui a rendu l’aréna inutilisable, la communauté a perdu un lieu de rassemblement essentiel. Remporter Kraft Hockeyville 2026 permettra de soutenir des réparations importantes et aidera à restaurer l’aréna pour qu’il redevienne cet espace où la communauté pourra se rassembler à nouveau.
«?Félicitations à Taber, en Alberta, pour avoir été couronnée la grande gagnante de Kraft Hockeyville 2026, ainsi qu’aux tout premiers gagnants provinciaux et territoriaux de cette année?», affirme Simon Laroche, président de Kraft Heinz Canada. «?En cette 20e année historique, nous avons pu constater à quel point les arénas locaux sont essentiels, non seulement comme lieux pour jouer, mais aussi comme le cœur des communautés à travers le pays. Des témoignages de résilience aux moments de partage, les communautés de cette année nous ont rappelé que le hockey est bien plus qu’un simple sport : c’est d’être là les uns pour les autres. Nous sommes fiers de contribuer à insuffler cet esprit dans les arénas partout au Canada.?»
L’annonce de la communauté gagnante de 2026 marque officiellement la fin de l’année du 20e anniversaire du programme Kraft Hockeyville. Cette édition a vu l’introduction d’une toute nouvelle phase des «?13 meilleurs?», attribuant un financement à une communauté de chaque province et territoire, ce qui veut dire que plus de communautés canadiennes que jamais ont pu bénéficier d’un financement essentiel pour des améliorations à leurs arénas. Des communautés d’un océan à l’autre se sont mobilisées avec passion, soulignant le rôle essentiel que jouent les arénas locaux pour rassembler les gens.
Kraft Hockeyville poursuivra son engagement à soutenir les communautés canadiennes et les arénas qui les rassemblent. Pour en savoir plus sur le programme, veuillez visiter krafthockeyville.ca.
À propos de Kraft Heinz Canada
L’héritage de Kraft Heinz Canada remonte à plus d’un siècle, en 1903, lorsque James Lewis Kraft, de Stevensville, en Ontario, a commencé à vendre du fromage à partir d’une calèche. Heinz Canada a ensuite été fondée en 1909 à Leamington, en Ontario, avec comme premiers produits des cornichons provenant de producteurs locaux. À la suite de la fusion en 2015 entre Kraft Foods Group et H.J. Heinz Company, Kraft Heinz Canada est devenue une filiale de la nouvelle société Kraft Heinz Company (NASDAQ : KHC). Devenue la deuxième plus grande entreprise d’aliments et de boissons au pays, les produits emblématiques de Kraft Heinz Canada, comme le beurre d’arachide Kraft, le ketchup Heinz, le KD, le fromage à la crème Philadelphia, la vinaigrette Renées, le Jell-O, la sauce Classico, le Kool-Aid et le café Maxwell House, se retrouvent dans plus de 97 pour cent des foyers canadiens.
Kraft Heinz Canada mène une transformation inspirée par la mission globale de Kraft Heinz, «?Rendre la vie délicieuse?», en créant des moments mémorables dans les communautés grâce à des initiatives locales et au programme marquant que nous célébrons ici, Kraft Hockeyville, tout en soutenant les banques alimentaires à travers le Canada grâce au Projet Garde-manger de Kraft Heinz. Pour en savoir plus sur notre parcours, visitez kraftheinz.com ou suivez-nous sur LinkedIn.
La LNH et le logo de la LNH sont des marques déposées de la Ligue nationale de hockey. © LNH 2026. Tous droits réservés.
L’AJLNH et le logo de l’AJLNH sont des marques déposées de l’Association des joueurs de la Ligue nationale de hockey. © AJLNH. Tous droits réservés.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260404819426/fr/
Pour en savoir plus ou pour discuter avec un représentant de Kraft Hockeyville, veuillez contacter : The Kraft Heinz Company, media@kraftheinz.com
Original: Taber (Alberta) couronnée la grande gagnante de Kraft Hockeyville 2026
US Market News
2 months ago
Taber, AB Named Winner of Kraft Hockeyville 2026April 4, 2026 9:15 PM
Business Wire
Town will receive $250,000 for rink upgrades and host an NHL® Pre-Season game, with the runner-up, Tumbler Ridge, BC, receiving $100,000
Both communities will also receive $10,000 in new hockey equipment from NHLPA Goals & Dreams and the NHL/NHLPA Industry Growth Fund
Kraft Heinz, in partnership with the National Hockey League (NHL®) and the National Hockey League Players' Association (NHLPA), is pleased to announce that Taber, Alberta has been named the winner of Kraft Hockeyville 2026.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260404356082/en/Taber, AB named winner of Kraft Hockeyville 2026
Taber, Alberta will receive $250,000 for rink upgrades, plus the opportunity to host an NHL® Pre-Season game for their community in the fall of 2027. The runner-up, Tumbler Ridge, British Columbia, will be awarded $100,000 for rink upgrades—four times the runner-up prize of previous years, as part of the initiative’s expanded prize pool to mark its 20th anniversary year. In total, Kraft Hockeyville 2026 represents more than $1 million in total prizing: the largest investment in program history. Both Taber, Alberta and Tumbler Ridge, British Columbia, along with the 11 Provincial and Territorial finalists, will also receive $10,000 in brand-new hockey equipment to help more children play the game, courtesy of NHLPA Goals & Dreams and the NHL/NHLPA Industry Growth Fund.
Through a nationwide vote, Canadians selected Taber, Alberta, as the winner of Kraft Hockeyville 2026, with the town earning the title for its powerful story of resilience, pride, and the central role its rink plays in bringing the community together. Sportscaster Ron MacLean and NHL Commissioner Gary Bettman announced the news on Sportsnet’s Hockey Night in Canada broadcast earlier tonight.
For more than 50 years, the Taber Community Centre has been a cornerstone of local life. The arena is home to teams like the Oil Kings and AA Golden Suns, and is a hub for games, tournaments and local events. After a December 2025 explosion left the arena inoperable, the town lost a vital gathering place. Winning Kraft Hockeyville 2026 will support critical repairs and help restore the rink as a space where the community can come together once again.
“Congratulations to Taber, Alberta on being named the winner of Kraft Hockeyville 2026, and to all of this year’s first-ever Provincial & Territorial Winners,” said Simon Laroche, President, Kraft Heinz Canada. “For more than a century, Kraft Heinz has been enriching Canadians’ lives through food and the moments of connection it brings—both at the table and in communities across the country. Now, in our milestone 20th anniversary year of Kraft Hockeyville, we’ve seen just how deeply local rinks matter—not only as places to play, but as the heart of communities. From stories of resilience to moments of connection, this year’s communities reminded us that hockey is about far more than the game—it’s about showing up for one another. We’re proud to help bring this spirit to life in rinks across Canada.”
The announcement of the 2026 winning community officially concludes the 20th-anniversary year of the Kraft Hockeyville program. This year introduced an all-new Top 13 phase, awarding funding to one community from every province and territory—meaning more Canadian communities than ever before could benefit from critical rink upgrade funding. Communities from coast to coast to coast showed up in full force, reinforcing the vital role of local rinks.
Kraft Hockeyville will continue to support Canadian communities and the rinks that help keep them connected. For complete program details, please visit krafthockeyville.ca.
About Kraft Heinz Canada
Kraft Heinz Canada's heritage can be traced back over a century to when James Lewis Kraft of Stevensville, Ontario began selling cheese from a horse-drawn wagon in 1903. Heinz Canada was established in 1909 in Leamington, Ontario where its first products were pickles sourced from local growers. Following the 2015 merger between Kraft Foods Group and H.J. Heinz Company, Kraft Heinz Canada became a subsidiary of the newly formed Kraft Heinz Company (NASDAQ: KHC). Now the country's second largest food and beverage company, iconic Kraft Heinz Canada products like Kraft Peanut Butter, Heinz Ketchup, KD, Philadelphia Cream Cheese, Renées Dressing, Jell-O, Classico, Kool-Aid and Maxwell House are found in over 97 per cent of Canadian households.
Kraft Heinz Canada is driving transformation inspired by Kraft Heinz's global purpose, Let's Make Life Delicious, by creating memorable community moments through local initiatives and the impactful program we're celebrating here, Kraft Hockeyville, while also supporting food banks across Canada through Kraft Heinz Groceries for Good program. Learn more about our journey by visiting kraftheinz.com or following us on LinkedIn.
NHL and the NHL Shield are registered trademarks of the National Hockey League. © 2026 NHL. All Rights Reserved.
NHLPA and the NHLPA logo are registered trademarks of the National Hockey League Players’ Association. © NHLPA. All Rights Reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260404356082/en/
For more information or to speak with a representative from Kraft Hockeyville, please contact:
The Kraft Heinz Company, media@kraftheinz.com
Original: Taber, AB Named Winner of Kraft Hockeyville 2026
US Market News
2 months ago
Kraft Hockeyville Reveals Taber, AB and Tumbler Ridge, BC as Top Two Finalists in 20th Anniversary YearMarch 21, 2026 6:56 PM
Business Wire
Kraft Heinz, in partnership with the National Hockey League (NHL®) and the National Hockey League Players' Association (NHLPA), announced the top two finalists competing for the title of Kraft Hockeyville 2026: Taber Community Centre in Taber, Alberta and Tumbler Ridge Community Centre Arena in Tumbler Ridge, British Columbia.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260321716785/en/Kraft Hockeyville Reveals Taber, AB and Tumbler Ridge, BC as Top Two Finalists in 20th Anniversary Year
Canadians are encouraged to visit krafthockeyville.ca to cast their votes to determine the winner of Kraft Hockeyville 2026 between April 3, 2026, at 9:00 a.m. ET and April 4, 2026, at 5:00 p.m. ET. The winner will be announced live on April 4, 2026, during the evening Hockey Night in Canada broadcast.
As part of the top two finalist prize structure, the Kraft Hockeyville 2026 winning community will receive $250,000 for rink upgrades, plus the opportunity to host an NHL® Pre-Season game for their community. The runner-up will receive $100,000 for rink upgrades. Each community, along with the other Provincial and Territorial winners, will also receive $10,000 in brand new hockey equipment to help more children play the game courtesy of NHLPA Goals and Dreams and the NHL/NHLPA Industry Growth Fund. For two decades, Kraft Hockeyville has celebrated the arenas that bring communities together, awarding $5.4 million to 105 communities since 2006.
“We’re honoured to mark this Top Two finalist milestone in Kraft Hockeyville’s 20th anniversary year,” said Kelly Fleming, Chief Marketing Officer, Kraft Heinz Canada. “Canadians shared inspiring stories about how their local rinks foster connection, strength and community. That spirit is reflected in this year’s finalists – Taber, Alberta and Tumbler Ridge, British Columbia – where the arena is at the heart of it all.”
To learn more about the top two finalist communities, head to krafthockeyville.ca.
About Kraft Heinz Canada
Kraft Heinz Canada's heritage can be traced back over a century to when James Lewis Kraft of Stevensville, Ontario began selling cheese from a horse-drawn wagon in 1903. Heinz Canada was established in 1909 in Leamington, Ontario where its first products were pickles sourced from local growers. Following the 2015 merger between Kraft Foods Group and H.J. Heinz Company, Kraft Heinz Canada became a subsidiary of the newly formed Kraft Heinz Company (NASDAQ: KHC). Now the country's second largest food and beverage company, iconic Kraft Heinz Canada products like Kraft Peanut Butter, Heinz Ketchup, KD, Philadelphia Cream Cheese, Renées Dressing, Jell-O, Classico, Kool-Aid and Maxwell House are found in over 97 per cent of Canadian households.
Kraft Heinz Canada is driving transformation inspired by Kraft Heinz's global purpose, Let's Make Life Delicious, by creating memorable community moments through local initiatives and the impactful program we're celebrating here, Kraft Hockeyville, while also supporting food banks across Canada through Kraft Heinz Groceries for Good program. Learn more about our journey by visiting kraftheinz.com or following us on LinkedIn.
NHL and the NHL Shield are registered trademarks of the National Hockey League. © 2026 NHL. All Rights Reserved.
NHLPA and the NHLPA logo are registered trademarks of the National Hockey League Players’ Association. © NHLPA. All Rights Reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260321716785/en/
For more information, or to speak with a representative from Kraft Hockeyville, please contact:
The Kraft Heinz Company, media@kraftheinz.com
Original: Kraft Hockeyville Reveals Taber, AB and Tumbler Ridge, BC as Top Two Finalists in 20th Anniversary Year
US Market News
2 months ago
Kraft Hockeyville annonce Taber (AB) et Tumbler Ridge (C.-B.) comme ses deux grands finalistes pour son 20e anniversaireMarch 21, 2026 6:56 PM
Business Wire
Kraft Heinz, en partenariat avec la Ligue nationale de hockey (LNH®) et l’Association des joueurs de la Ligue nationale de hockey (AJLNH), a annoncé les deux communautés finalistes pour le titre de Kraft Hockeyville 2026 : le Taber Community Centre à Taber, en Alberta, et le Tumbler Ridge Community Centre Arena à Tumbler Ridge, en Colombie-Britannique.
Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260321801593/fr/Kraft Hockeyville annonce Taber (AB) et Tumbler Ridge (C.-B.) comme ses deux grands finalistes pour son 20e anniversaire
Les Canadiens sont invités à visiter krafthockeyville.ca et à voter pour la communauté gagnante de Kraft Hockeyville 2026 entre le 3 avril 2026 à 9 h (HE) et le 4 avril 2026 à 17 h (HE). Le gagnant sera dévoilé en direct le 4 avril 2026 lors de la diffusion en soirée de La Soirée du hockey au Canada.
Dans le cadre des prix attribués aux deux finalistes, la communauté gagnante de Kraft Hockeyville 2026 recevra 250?000 $ pour des améliorations à son aréna, en plus de la possibilité d’accueillir un match de présaison de la LNH® dans sa communauté. La communauté finaliste recevra 100?000 $ pour des améliorations à son aréna. Chaque communauté, ainsi que les autres gagnants provinciaux et territoriaux, recevra également 10?000 $ en nouveaux équipements de hockey pour aider plus d’enfants à pratiquer ce sport, gracieuseté du programme Buts et rêves de l’AJLNH et du Fonds de croissance de l’industrie de la LNH/AJLNH. Depuis maintenant 20 ans, Kraft Hockeyville célèbre les arénas qui rassemblent les communautés, ayant remis 5,4 millions de dollars à 105 communautés depuis 2006.
«?Nous sommes fiers de souligner cette étape importante pour les deux finalistes en cette 20e année marquante de Kraft Hockeyville?», déclare Kelly Fleming, directrice du marketing chez Kraft Heinz Canada. «?Les Canadiens ont partagé des histoires inspirantes sur le rôle que jouent leurs arénas locaux comme lieux de rassemblement, de résilience et de fierté communautaire. Cet esprit se reflète parfaitement chez les finalistes de cette année : Taber, en Alberta, et Tumbler Ridge, en Colombie-Britannique, où l’aréna est au cœur de tout.?»
Pour en savoir plus sur les deux communautés finalistes, visitez krafthockeyville.ca.
À propos de Kraft Heinz Canada
L’héritage de Kraft Heinz Canada remonte à plus d’un siècle lorsque, en 1903, James Lewis Kraft, de Stevensville, en Ontario, a commencé à vendre du fromage à partir d’une calèche. Heinz Canada a ensuite été fondée en 1909 à Leamington, en Ontario, avec comme premiers produits des cornichons provenant de producteurs locaux. À la suite de la fusion en 2015 entre Kraft Foods Group et H.J. Heinz Company, Kraft Heinz Canada est devenue une filiale de la nouvelle société Kraft Heinz Company (NASDAQ : KHC). Devenue la deuxième plus grande entreprise d’aliments et de boissons au pays, les produits emblématiques de Kraft Heinz Canada, comme le beurre d’arachide Kraft, le ketchup Heinz, le KD, le fromage à la crème Philadelphia, la vinaigrette Renées, le Jell-O, la sauce Classico, le Kool-Aid et le café Maxwell House, se retrouvent dans plus de 97 % des foyers canadiens.
Kraft Heinz Canada mène une transformation inspirée par la mission globale de Kraft Heinz, «?Rendre la vie délicieuse?», en créant des moments mémorables dans les communautés grâce à des initiatives locales et au programme marquant que nous célébrons ici, Kraft Hockeyville, tout en soutenant les banques alimentaires à travers le Canada grâce au Projet Garde-manger de Kraft Heinz. Pour en savoir plus sur notre parcours, visitez kraftheinz.com ou suivez-nous sur LinkedIn.
La LNH et le logo de la LNH sont des marques déposées de la Ligue nationale de hockey. © LNH 2026. Tous droits réservés.
L’AJLNH et le logo de l’AJLNH sont des marques déposées de l’Association des joueurs de la Ligue nationale de hockey. © AJLNH. Tous droits réservés.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260321801593/fr/
Pour en savoir plus ou pour discuter avec un représentant de Kraft Hockeyville, veuillez contacter : The Kraft Heinz Company, media@kraftheinz.com
Original: Kraft Hockeyville annonce Taber (AB) et Tumbler Ridge (C.-B.) comme ses deux grands finalistes pour son 20e anniversaire
US Market News
2 months ago
Kraft Heinz investira 250 millions de dollars dans l’usine de Mont-Royal à Montréal pour renforcer la capacité de fabrication canadienneMarch 20, 2026 3:29 PM
Business Wire
Aujourd’hui, Kraft Heinz Canada a annoncé un investissement de 250 millions de dollars pour moderniser son usine de Mont-Royal à Montréal. Cet investissement important renforce l’engagement de l’entreprise envers la fabrication canadienne et la production locale de ses marques emblématiques. Ces fonds seront consacrés à l’actualisation et à la modernisation des principaux systèmes de l’usine de Mont-Royal, qui emploie plus de 1 000 personnes, afin d’améliorer l’efficacité, la durabilité et l’innovation.
Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260319135573/fr/Photo courtesy of Kraft Heinz Canada
Dans le cadre de cet investissement, Kraft Heinz Canada ajoutera de nouveaux volumes de production dans l’usine. Cette initiative vise à renforcer la fabrication alimentaire au pays et à ancrer davantage les activités de l’entreprise au Canada, en soutenant les emplois et les collectivités locales, tout en s’assurant que les Canadiens continuent de profiter des produits de haute qualité qu’ils connaissent et apprécient.
« Cet investissement souligne notre engagement de plus de 120 ans envers le Canada et la production des aliments qu’aiment les Canadiens ici même, a déclaré Simon Laroche, président de Kraft Heinz Canada. Il témoigne du travail acharné et du dévouement de nos équipes québécoises. De Kraft Dinner au fromage à la crème Philadelphia en passant par le beurre d’arachide Kraft, notre usine de Mont-Royal joue un rôle essentiel pour mettre ces produits incontournables sur les tables partout au pays. »
« Notre gouvernement se réjouit de cet investissement d’envergure. Lorsqu'un chef de file mondial comme Kraft Heinz choisit le Canada, il ne se contente pas de renforcer sa présence actuelle : il consolide son avenir à long terme dans notre pays », a déclaré l’honorable François-Philippe Champagne, ministre des Finances et du Revenu national. « Cette décision témoigne du calibre de notre main-d'œuvre hautement qualifiée et de la résilience de notre secteur agroalimentaire. En rapatriant la production ici, nous sécurisons nos chaînes d'approvisionnement, soutenons des emplois de qualité et confirmons que le Canada demeure une destination de choix pour la croissance industrielle. »
L’usine de Mont-Royal produit certaines des marques les plus emblématiques de Kraft Heinz et continuera d’être au cœur des activités canadiennes de l’entreprise dans le cadre de sa modernisation. Cet investissement fait suite à plus de 120 ans d’histoire de Kraft Heinz au Canada, où l’entreprise emploie environ 2 000 Canadiens et dont les produits se retrouvent dans plus de 95 % des foyers au pays.
Kraft Heinz Canada remercie le gouvernement du Canada pour son partenariat et son soutien continu au rapatriement de la production et à l’accroissement des investissements au Canada.
À propos de Kraft Heinz
L’héritage de Kraft Heinz Canada remonte à plus d’un siècle, lorsque James Lewis Kraft de Stevensville, en Ontario, a commencé à vendre du fromage à partir d’un chariot tiré par des chevaux en 1903. Heinz Canada a été fondée en 1909 à Leamington, en Ontario, et ses premiers produits étaient des cornichons achetés auprès des agriculteurs locaux. À la suite de la fusion de 2015 entre Kraft Foods Group et H.J. Heinz Company, Kraft Heinz Canada est devenue une filiale de la nouvelle société Kraft Heinz Company (NASDAQ : KHC). Devenue la deuxième plus grande entreprise d’aliments et de boissons du pays, les produits emblématiques de Kraft Heinz Canada, comme le beurre d’arachide Kraft, le ketchup Heinz, le KD, le fromage à la crème Philadelphia, la vinaigrette Renée’s, Jell-O, Classico, Kool-Aid et Maxwell House, se retrouvent dans plus de 95 % des foyers canadiens.
Kraft Heinz Canada mène une transformation inspirée par la mission mondiale de Kraft Heinz, Rendons la vie délicieuse, en créant des moments communautaires mémorables grâce à des initiatives locales, comme Place aux jeux Kraft Heinz et Kraft Hockeyville, tout en soutenant les banques alimentaires du Canada par l’entremise du Projet Garde-manger de Kraft Heinz. Pour en savoir plus sur notre parcours, visitez le site www.kraftheinzcompany.com ou suivez-nous sur LinkedIn.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260319135573/fr/
Agathe Maillard
Agathe.maillard@zenogroup.com
647-898-7488
Original: Kraft Heinz investira 250 millions de dollars dans l’usine de Mont-Royal à Montréal pour renforcer la capacité de fabrication canadienne
US Market News
3 months ago
Kraft Heinz Inks Breakthrough Deal With National Football League as First-Ever Condiment PartnerMarch 18, 2026 11:46 AM
Business Wire
Five-Year Global Partnership Brings Together Kraft Heinz’s Vast Portfolio of Iconic Brands With America’s Favorite Sport to Drive Fan Engagement and Food Experiences
The Kraft Heinz Company (NASDAQ: KHC) and the National Football League today announced a five-year global strategic partnership, uniting one of the world’s most beloved food portfolios with the most-watched sports league in the United States.
As the NFL’s first-ever global condiment partner, Kraft Heinz will bring its iconic portfolio of household brands to millions of fans across the globe. The partnership will unlock premium stadium and gameday visibility, integrated co-branded marketing and limited-edition packaging and immersive retail activations designed to connect with millions of sports fans around the world.
The partnership brings a range of Kraft Heinz favorites — including icons like HEINZ, KRAFT, VELVEETA, PHILADELPHIA, KRAFT MAC & CHEESE, PRIMAL KITCHEN, CLASSICO, A1 and many more — directly into the heart of football’s most culturally relevant moments. From the Super Bowl to NFL Kickoff to Thanksgiving, the partnership will drive incremental retail opportunities and expand “Away From Home” food service presence during high impact consumption occasions.
The partnership also accelerates the NFL’s continued international expansion, with Kraft Heinz gaining access to select overseas games. Together, the NFL and Kraft Heinz will deliver exclusive fan experiences and unforgettable gameday celebrations centered around the foods fans already love.
“We couldn’t be more excited to kick off this breakthrough partnership with the NFL, as our portfolio of iconic brands are a regular part of the gameday experience that brings people together,” said Todd Kaplan, Chief Marketing Officer, North America at Kraft Heinz. “The new partnership will help us scale, connect and amplify our seat at the table with our fans and customers. From stronger in-store presence and product innovation to deep and meaningful engagement with our consumers and their favorite teams, we look forward to working with the NFL to create unforgettable and delicious gameday moments for fans all around the world.”
The partnership reflects Kraft Heinz’s broader ambition to meet consumers wherever culture is happening — at the intersection of food, sports and entertainment. With the NFL ranked as the number one sports property in the U.S. with over 200 million fans and the most popular sports league among Gen Z, the partnership gives Kraft Heinz direct access to the cultural eating moments that matter to them most.
“Kraft Heinz is an iconic brand with products that are fixtures at kitchen tables, tailgates and beyond,” said NFL Senior Vice President of Global Partnerships Tracie Rodburg. “This partnership, including its focus on global growth and flag football, is a win for the league and our fans.”
The partnership will officially begin in April at the upcoming NFL Draft, which is taking place in Pittsburgh, the birthplace of HEINZ. As the first activation in this partnership, HEINZ will be surprising and delighting fans in unexpected ways throughout Draft week.
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2025 net sales of approximately $25 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260318591522/en/
Media Contacts:
Kraft Heinz, Media@KraftHeinz.com
Tim Schlittner, NFL, tim.schlittner@nfl.com
Original: Kraft Heinz Inks Breakthrough Deal With National Football League as First-Ever Condiment Partner
US Market News
3 months ago
The Best Thing Ever Just Got Better: Kraft Mac & Cheese Unveils PowerMac, Offering Added Protein and Fiber with the Same Cheesiness Fans Know and LoveMarch 17, 2026 6:00 AM
Business Wire
PowerMac joins the brand’s classic blue box lineup in two flavors, Original and White Cheddar, delivering more protein and fiber at an affordable price
Today, Kraft Mac & Cheese introduces PowerMac, a brand-new innovation delivering 17g of protein and 6g of fiber per serving. Kraft is known for bringing two icons – macaroni & cheese – together and making them the Best Thing Ever. Now, America's #1 mac & cheese1 is uniting the benefits consumers are seeking with the same cheesiness fans know and love. PowerMac expands the blue box lineup with added nutrition while staying true to the taste, convenience and affordability that has made Kraft Mac & Cheese a trusted household favorite for nearly 90 years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260317869993/en/The Best Thing Ever Just Got Better: Kraft Mac & Cheese Unveils PowerMac, Offering Added Protein and Fiber with the Same Cheesiness Fans Know and Love
With more than half of consumers looking to add more protein and fiber to their diets2, better-for-you mac and cheese offerings continue to grow – significantly outpacing the broader mac and cheese category. However, better-for-your mac and cheese consumers are not purchasing as frequently as the rest of the category consumer. By combining the trusted convenience fans expect from Kraft Mac & Cheese with protein, fiber and more food at a more accessible price than other offerings in the category, PowerMac meets the growing demand for a better-tasting better-for-you option that buyers will reach for time and time again.
Nearly a year in the making, Kraft Mac & Cheese took a deliberate approach to entering the protein and fiber space. The brand combined PowerMac’s proprietary protein-and fiber-enriched pasta with its iconic cheese powder to meet the high standard fans expect from the #1 brand in the category. The result is a creamy, craveable mac that has the same cheese taste you know and love.
"Kraft Mac & Cheese has been setting the pace in category innovation with new flavors and formats, and we’re excited to extend that work with the introduction of PowerMac,” said Ashleigh Edmonds, Senior Director of Marketing for Kraft Mac & Cheese. “As a consumer-obsessed brand, we developed PowerMac for consumers who want more from their everyday meals without compromising on great taste. PowerMac delivers the benefits fans are craving in a way that only Kraft Mac & Cheese can; with a product that outperforms similar offerings in taste, while offering more food at a better price.”
Available in two flavors, Original and White Cheddar, PowerMac will roll out at major retailers nationwide in April 2026 for $2.99 per 7.25 oz box. It will also expand to other formats later this year, making it even more convenient for fans to enjoy PowerMac.
For more information about PowerMac and Kraft Mac & Cheese, visit https://www.kraftheinz.com/kraft-mac-and-cheese and follow the brand on Instagram @kraft_macandcheese and TikTok @maccheesebykraft.
ABOUT THE KRAFT HEINZ COMPANY
We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2025 net sales of approximately $25 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn.
1 IRI Total MULO+, L52 W/E 3.01.26, KHC M&C
2 Mintel & KHC PODC with Culturati; Mac & Cheese Shopper Decision Hierarchy; 2024
View source version on businesswire.com: https://www.businesswire.com/news/home/20260317869993/en/
MEDIA CONTACT
Alison Brod Marketing + Communications
Kraftheinz@abmc-us.com
Original: The Best Thing Ever Just Got Better: Kraft Mac & Cheese Unveils PowerMac, Offering Added Protein and Fiber with the Same Cheesiness Fans Know and Love
US Market News
3 months ago
Kraft Hockeyville dévoile les 13 gagnants provinciaux et territoriaux pour son 20e anniversaireMarch 14, 2026 7:05 PM
Business Wire
Pour la première fois dans l’histoire du programme, une communauté de chaque province et territoire recevra du financement pour des améliorations essentielles à son aréna
Dans un moment marquant pour le hockey communautaire au Canada, Kraft Heinz, en partenariat avec la Ligue nationale de hockey (LNH®) et l’Association des joueurs de la Ligue nationale de hockey (AJLNH), a annoncé aujourd’hui les tout premiers 13 provinciaux et territoriaux de Kraft Hockeyville 2026, une étape historique qui étend l’impact du programme d’un océan à l’autre.
Ce communiqué de presse contient des éléments multimédias. Voir le communiqué complet ici : https://www.businesswire.com/news/home/20260314386934/fr/Gagnants provinciaux et territoriaux 2026
À l’occasion de la 20e année marquante du programme, cette nouvelle phase élargit le format du concours afin d’assurer la représentation de toutes les régions du Canada, triplant presque la valeur totale des prix et permettant à plus de communautés que jamais de recevoir un soutien significatif pour leurs arénas locaux. Cette expansion souligne l’engagement continu de Kraft Heinz à renforcer le hockey communautaire et à célébrer les arénas où les amitiés se forgent, où les rivalités naissent et où les communautés prennent vie.
Parmi les 13 gagnants provinciaux et territoriaux, 11 communautés recevront chacune 50 000 $ pour des améliorations à leur aréna. Les deux communautés finalistes passeront ensuite à l’étape suivante pour courir la chance de remporter le grand prix, et l’une d’elles sera couronnée gagnante de Kraft Hockeyville 2026.
Gagnants provinciaux et territoriaux 2026
Taber (Alberta) : Taber Community Centre
Tumbler Ridge (Colombie-Britannique) : Tumbler Ridge Community Centre Arena
Grandview (Manitoba) : Grandview Agricultural Community Centre
Sackville (Nouveau-Brunswick) : Tantramar Veterans Memorial Civic Centre
Stephenville (Terre-Neuve-et-Labrador) : Stephenville Dome
Fort Providence (Territoires du Nord-Ouest) : Fort Providence Community Centre
Thorburn (Nouvelle-Écosse) : Ivor MacDonald Memorial Arena
Arviat (Nunavut) : King Arena
Blackstock (Ontario) : Blackstock Arena
Cornwall (Île-du-Prince-Édouard) : APM Centre
Scott (Québec) : Patinoire de Scott
Blaine Lake (Saskatchewan) : Blaine Lake Skating Rink
Haines Junction (Yukon) : Bill Brewster Arena
«?En parcourant les candidatures de cette année, on ressent immédiatement à quel point ces arénas sont importants pour leurs communautés. Ce sont des lieux où les Canadiens se rassemblent, s’entraident et créent des souvenirs chaque jour?», explique Simon Laroche, président de Kraft Heinz Canada. «?Depuis plus de 100 ans, les Canadiens accueillent nos marques dans leurs cuisines, et Kraft Hockeyville est notre façon d’être impliqué au-delà de la table, en investissant dans les arénas qui sont le cœur de leurs communautés. En cette 20e année marquante, c’est un privilège de célébrer ces 13 communautés uniques, dont la passion et la fierté incarnent véritablement l’esprit de Kraft Hockeyville. »
Le programme Buts et rêves de l’AJLNH et le Fonds de croissance de l’industrie de la LNH/AJLNH apporteront également leur soutien aux gagnants provinciaux et territoriaux en leur offrant un don de 130?000 $ (10?000 $ pour chacun des gagnants provinciaux et territoriaux) sous forme d’équipement de hockey neuf, afin d’aider plus de jeunes Canadiens à pratiquer le sport qu’ils aiment.
Les gagnants ont été dévoilés en direct lors de La Soirée du hockey au Canada et représentent les communautés qui ont fait preuve d’une fierté et d’un soutien exceptionnels envers leurs arénas locaux. Les candidatures ont été évaluées en fonction de l’esprit communautaire, de l’importance de l’aréna au niveau local et de l’impact que le financement aurait, ainsi que des points de ralliement obtenus grâce à la participation de la communauté. L’aréna ayant obtenu le meilleur pointage dans chaque province et territoire selon ces critères a remporté le titre de gagnant provincial ou territorial.
Prochaines étapes
La prochaine phase de Kraft Hockeyville 2026 débute le 21 mars 2026, lorsque les deux finalistes seront annoncés. Les Canadiens auront alors le dernier mot pour désigner le gagnant de 2026 grâce à un vote public qui se déroulera du 3 au 4 avril sur KraftHockeyville.ca.
Le champion de Kraft Hockeyville 2026 sera dévoilé en direct lors de La Soirée du hockey au Canada le 4 avril 2026. La structure des prix pour les deux communautés finalistes est la suivante :
Le finaliste recevra 100?000 $ pour des améliorations à son aréna.
La communauté gagnante de Kraft Hockeyville 2026 recevra 250?000 $ pour des améliorations à son aréna, ainsi que la possibilité d’accueillir un match de présaison de la LNH® dans sa communauté.
Les Canadiens peuvent visiter KraftHockeyville.ca et suivre @krafthockeyville sur Instagram pour en savoir plus et rester informés tout au long du concours qui célèbre l’esprit communautaire et la fierté locale qui définissent Kraft Hockeyville.
À PROPOS DE LA COMPAGNIE KRAFT HEINZ
L’héritage de Kraft Heinz Canada remonte à plus d’un siècle, en 1903, lorsque James Lewis Kraft, de Stevensville, en Ontario, a commencé à vendre du fromage à partir d’une calèche. Heinz Canada a ensuite été fondée en 1909 à Leamington, en Ontario, avec comme premiers produits des cornichons provenant de producteurs locaux. À la suite de la fusion en 2015 entre Kraft Foods Group et H.J. Heinz Company, Kraft Heinz Canada est devenue une filiale de la nouvelle société Kraft Heinz Company (NASDAQ : KHC). Devenue la deuxième plus grande entreprise d’aliments et de boissons au pays, les produits emblématiques de Kraft Heinz Canada, comme le beurre d’arachide Kraft, le ketchup Heinz, le KD, le fromage à la crème Philadelphia, la vinaigrette Renées, le Jell-O, la sauce Classico, le Kool-Aid et le café Maxwell House, se retrouvent dans plus de 97 pour cent des foyers canadiens.
Kraft Heinz Canada mène une transformation inspirée par la mission globale de Kraft Heinz, « Rendre la vie délicieuse », en créant des moments mémorables dans les communautés grâce à des initiatives locales telles que Place aux Jeux et Kraft Hockeyville, tout en soutenant les banques alimentaires à travers le Canada du Projet Garde-manger de Kraft Heinz. Pour en savoir plus sur notre parcours, visitez kraftheinz.com ou suivez-nous sur LinkedIn.
LNH et le logo de la LNH sont des marques déposées de la Ligue nationale de hockey. LNH et les marques des équipes de la LNH sont la propriété de la LNH et de ses équipes. © LNH 2026. Tous droits réservés.
AJLNH et le logo de l’AJLNH sont des marques déposées de l’Association des joueurs de la Ligue nationale de hockey. © AJLNH. Tous droits réservés.
Consultez la version source sur businesswire.com : https://www.businesswire.com/news/home/20260314386934/fr/
Pour en savoir plus ou pour discuter avec un représentant de Kraft Hockeyville, veuillez contacter :
The Kraft Heinz Company, media@kraftheinz.com
Original: Kraft Hockeyville dévoile les 13 gagnants provinciaux et territoriaux pour son 20e anniversaire
US Market News
3 months ago
Kraft Hockeyville Unveils 13 Provincial & Territorial Winners in 20th Anniversary YearMarch 14, 2026 7:05 PM
Business Wire
For the first time in program history, one community from every province and territory will receive funding for vital rink upgrades
In a defining moment for community hockey in Canada, Kraft Heinz, in partnership with the National Hockey League (NHL®) and the National Hockey League Players’ Association (NHLPA), today announced the very first 13 Provincial & Territorial Winners of Kraft Hockeyville 2026—a historic milestone that extends the program’s impact from coast to coast to coast.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260314020918/en/2026 Provincial & Territorial Winners
Marking the program’s landmark 20th year, this new phase expands the contest format to ensure representation from every region in Canada, nearly tripling the total prize pool and allowing more communities than ever before to receive meaningful support for their local rinks. This expansion underscores Kraft Heinz’s continued commitment to strengthening community hockey and celebrating the rinks where friendships are forged, rivalries spark and communities come alive.
Of the 13 Provincial & Territorial Winners, 11 communities will each receive $50,000 for arena upgrades. The top two finalists will advance for the chance to compete for the grand prize, with one community crowned the winner of Kraft Hockeyville 2026.
2026 Provincial & Territorial Winners
Taber, Alberta: Taber Community Centre
Tumbler Ridge, British Columbia: Tumbler Ridge Community Centre Arena
Grandview, Manitoba: Grandview Agricultural Community Centre
Sackville, New Brunswick: Tantramar Veterans Memorial Civic Centre
Stephenville, Newfoundland and Labrador: Stephenville Dome
Fort Providence, Northwest Territories: Fort Providence Community Centre
Thorburn, Nova Scotia: Ivor MacDonald Memorial Arena
Arviat, Nunavut: King Arena
Blackstock, Ontario: Blackstock Arena
Cornwall, Prince Edward Island: APM Centre
Scott, Quebec: Patinoire de Scott
Blaine Lake, Saskatchewan: Blaine Lake Skating Rink
Haines Junction, Yukon: Bill Brewster Arena
“Reading through this year’s submissions, I can immediately feel how deeply these rinks matter to their communities. They are places where Canadians show up for one another, and memories are made every day,” said Simon Laroche, President, Kraft Heinz Canada. “For more than 100 years, Canadians have welcomed our brands into their kitchens, and Kraft Hockeyville is how we show up beyond the table—investing in rinks that are the heartbeat of their communities. In this landmark 20th year, it’s a privilege to celebrate these 13 distinct communities whose passion and pride truly bring the spirit of Kraft Hockeyville to life.”
NHLPA Goals & Dreams and the NHL/NHLPA Industry Growth Fund will also support the Provincial & Territorial Winners with a donation of $130,000 ($10,000 for each of the Provincial & Territorial Winners) in brand-new hockey equipment to help more Canadian kids play the game they love.
The winners were revealed live on Hockey Night in Canada and represent the communities that demonstrated exceptional community pride and support for their local arenas. Submissions were evaluated on community spirit, the rink’s importance locally and how funding would make a difference, alongside rally points earned through community participation. The top-scoring rink in each province and territory across these parameters earned the title of Provincial or Territorial Winner.
What’s Next
The next phase of Kraft Hockeyville 2026 begins on March 21, 2026, when the Top 2 Finalists will be announced. Canadians will then have the final say in deciding the 2026 winner through public voting at KraftHockeyville.ca from April 3-4.
The Kraft Hockeyville 2026 champion will be revealed live on Hockey Night in Canada on April 4, 2026. As part of the Top 2 prize structure:
The runner-up will receive $100,000 for rink upgrades.
The Kraft Hockeyville 2026 winning community will receive $250,000 for rink upgrades, plus the opportunity to host an NHL® Pre-Season game for their community.
Canadians can visit KraftHockeyville.ca and follow @krafthockeyville on Instagram to learn more and follow along as the competition continues to celebrate the heart and hometown pride that define Kraft Hockeyville.
About Kraft Heinz Canada
Kraft Heinz Canada's heritage can be traced back over a century to when James Lewis Kraft of Stevensville, Ontario began selling cheese from a horse-drawn wagon in 1903. Heinz Canada was established in 1909 in Leamington, Ontario where its first products were pickles sourced from local growers. Following the 2015 merger between Kraft Foods Group and H.J. Heinz Company, Kraft Heinz Canada became a subsidiary of the newly formed Kraft Heinz Company (NASDAQ: KHC). Now the country's second largest food and beverage company, iconic Kraft Heinz Canada products like Kraft Peanut Butter, Heinz Ketchup, KD, Philadelphia Cream Cheese, Renées Dressing, Jell-O, Classico, Kool-Aid and Maxwell House are found in over 97 per cent of Canadian households.
Kraft Heinz Canada is driving transformation inspired by Kraft Heinz's global purpose, Let's Make Life Delicious, by creating memorable community moments through local initiatives and the impactful program we're celebrating here, Kraft Hockeyville, while also supporting food banks across Canada through Kraft Heinz Groceries for Good program. Learn more about our journey by visiting kraftheinz.com or following us on LinkedIn.
NHL and the NHL Shield are registered trademarks of the National Hockey League. © 2026 NHL. All Rights Reserved.
NHLPA and the NHLPA logo are registered trademarks of the National Hockey League Players’ Association. © NHLPA. All Rights Reserved.
View source version on businesswire.com: https://www.businesswire.com/news/home/20260314020918/en/
For more information, or to speak with a representative from Kraft Hockeyville, please contact:
The Kraft Heinz Company, media@kraftheinz.com
Original: Kraft Hockeyville Unveils 13 Provincial & Territorial Winners in 20th Anniversary Year
iHub News
3 months ago
Futures tumble and oil surges as Middle East conflict intensifies — what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street FuturesMarch 2, 2026 5:35 AM
IH Market News
U.S. equity futures pointed to steep losses after large-scale airstrikes carried out by the United States and Israel against Iran heightened fears of a broader regional conflict. The escalation pushed oil prices sharply higher and triggered a flight from risk assets toward traditional safe havens such as gold. Asian equities also declined, pressured by uncertainty surrounding artificial intelligence developments and their implications for the technology sector.
Futures slide
U.S. stock futures dropped sharply on Monday as investors assessed the potential fallout from the joint U.S.-Israeli strikes on Iran and the risk that tensions could spread across the wider Middle East.As of 02:54 ET, Dow futures were down 733 points, or 1.5%, S&P 500 futures had fallen 104 points, also 1.5%, and Nasdaq 100 futures declined 463 points, or 1.9%.The coordinated strikes on Saturday targeted multiple locations across Iran and reportedly killed several senior Iranian officials, including Supreme Leader Ayatollah Ali Khamenei. U.S. President Donald Trump has called on Iranian opposition groups to overthrow the country’s long-standing governing system, although many senior U.S. officials remain doubtful that regime change is imminent, according to Reuters.Questions persist over how long Washington intends to remain engaged militarily. Trump told the New York Times that operations could continue for “four to five weeks.” He declined to outline a specific transition plan for Iran, stating he has “three very good choices” to lead the country but “won’t be revealing them now,” the New York Times reported.Iran responded with retaliatory strikes targeting locations across the Middle East, including energy-producing Gulf states. Media reports citing U.S. Central Command said three American service members were killed and five seriously injured, while Trump warned that additional casualties could occur.Signs of widening hostilities emerged as Israel struck Hezbollah targets in Lebanon, and the Wall Street Journal reported that at least one U.S. aircraft had been shot down in Kuwait.
Oil prices jump on supply fears
Oil markets rallied sharply following the escalation, amid concerns that Iran could attempt to block the Strait of Hormuz — a vital shipping route responsible for roughly one-fifth of global oil supply and about 20% of worldwide liquefied natural gas flows.By 03:24 ET, Brent crude futures had risen 10% to $80.14 per barrel, while U.S. West Texas Intermediate crude futures gained 9.3% to $73.26 per barrel.Although Tehran has not formally closed the strait, Reuters reported that shipping data shows tankers beginning to accumulate on both sides as operators grow wary of potential attacks or face difficulties securing insurance coverage.A sustained rise in oil prices could pose risks to the global economy by reigniting inflation pressures and weighing on consumer demand. If the conflict continues, prices for fuel, electricity and other energy-linked goods could increase further.“How sustained any spikes are depends on how long attacks persist,” analysts at ING said in a note to clients.“While it is still very early days and the situation is developing at a fast pace, it does not appear that this military action will be quick and short-lived,” like previous U.S.-Israeli attacks on Iran last year, they added.Some analysts cited by the New York Times noted that, despite the surge, oil prices remain within historical ranges. A prolonged global supply surplus is expected to partially offset price pressures, supported further by OPEC+ plans announced Sunday to modestly increase production next month.
Gold rallies as investors seek safety
Gold prices climbed as investors moved capital into safe-haven assets during the escalation.Spot gold rose 2.3% to $5,402.31 per ounce by 03:44 ET, while U.S. gold futures gained 3.3% to $5,418.09.“A regional spillover or disruption to energy supplies would materially boost gold through higher oil prices, increased inflation expectations and contained real yields,” the ING analysts said.Beyond geopolitical developments, markets are also preparing for a busy week of economic releases and corporate earnings. The February U.S. jobs report is due alongside results from Broadcom and Target during the first week of March.
Asian equities decline
Asian markets also moved lower, taking cues from Wall Street’s weaker finish on Friday as concerns around artificial intelligence and interest rate expectations weighed on U.S. technology stocks.Hong Kong’s Hang Seng index and Japan’s Nikkei 225 were among the region’s worst performers, falling 2.1% and 1.4%, respectively.In addition to geopolitical concerns, technology shares faced selling pressure amid uncertainty over how AI developments may reshape competitive dynamics within the sector. Software companies in particular experienced steep declines in February due to worries about intensified competition from AI-driven tools.
Berkshire Hathaway profit declines
Berkshire Hathaway (NYSE:BRK.B) reported on Saturday that fourth-quarter operating profit fell nearly 30% year on year, largely due to weaker insurance underwriting performance.In Warren Buffett’s final quarter as chief executive officer, insurance underwriting earnings more than halved to $1.56 billion, while insurance investment income declined nearly 25% to $3.07 billion.The conglomerate also recorded $4.5 billion in impairment charges related to investments in Kraft Heinz (NASDAQ:KHC) and Occidental Petroleum Corporation (NYSE:OXY).Operating earnings totaled $10.2 billion for the quarter ended December 31, compared with nearly $14.53 billion a year earlier.The results included the first shareholder letter written by Greg Abel, Buffett’s chosen successor, who acknowledged that Buffett — long regarded as one of the world’s most influential investors — was “obviously a hard act to follow.”Berkshire Hathaway stock priceKraft Heinz stock priceOccidental Petroleum stock price
Original: Futures tumble and oil surges as Middle East conflict intensifies — what’s driving markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
US Market News
4 months ago
Format Innovation Reshapes a $438B Functional MarketFebruary 13, 2026 10:50 AM
PR Newswire (US)
ISSUED ON BEHALF OF DOSEOLOGY SCIENCES INC.VANCOUVER, BC, Feb. 13, 2026 /PRNewswire/ -- USANewsGroup.com News Commentary – The global functional food and beverage market is projected to reach approximately $438 billion in 2026, expanding at a 10.65% annual rate as consumers shift away from conventional delivery formats toward targeted, portable alternatives[1]. That structural pivot is accelerating across the oral pouch category specifically, where nicotine-free and caffeine-based formats are riding a broader modern oral segment forecast to exceed $25 billion by 2030[2]. Five companies are positioning around this format-driven thesis: Doseology Sciences Inc. (CSE: MOOD) (OTCPK:DOSEF) (FSE: VU70), Kraft Heinz (NASDAQ: KHC), Tilray Brands (NASDAQ: TLRY), Cronos Group (NASDAQ: CRON), and USANA Health Sciences (NYSE: USNA).
Industry analysts project the functional beverage segment alone will climb past $164 billion this year, with energy drinks and wellness-oriented products commanding the fastest growth lanes[3]. Brands that pair clean-label formulation with novel packaging and direct-to-consumer testing are capturing disproportionate shelf velocity, making product format innovation the primary value driver of the 2026 consumer cycle[4].Doseology Sciences Inc. (CSE: MOOD) (OTCPK:DOSEF) (FSE: VU70), recently launched pilot production of caffeine-based energy pouches in January 2026, marking the Feed That Brain brand's entry into the fast-expanding oral pouch category. Based in Kelowna, British Columbia, Doseology Sciences is producing nicotine-free pouches that deliver measured caffeine doses in a compact, portable format, drawing on the same consumer shift that turned tobacco-free nicotine pouches into a multibillion-dollar segment.The pilot pouches skip the sugar, carbonation, and liquid volume found in conventional energy drinks. A direct-to-consumer test phase is planned to collect customer feedback and operational data ahead of any broader commercial launch."This pilot reflects a disciplined and intentional approach to evaluating new product formats within our platform," said Tim Corkum, President and COO of Doseology Sciences. "Feed That Brain brings a strong foundation in functional product design, and this initiative allows us to assess caffeine-based, pouch-format energy delivery under a measured and compliant framework."The energy pouch program grew out of Doseology Sciences' August 2025 acquisition of the Feed That Brain brand for $400,000, paid entirely through stock issuance. Feed That Brain, a Toronto-based cognitive health label founded by Forbes-recognized entrepreneur Rena R. Dempsey, built its reputation on functional gummies and nootropic supplements designed to support mental performance.Doseology Sciences also secured Joseph Mimran as Strategic Advisor under a three-year agreement valued at $400,000 in restricted share units. Mimran co-founded Alfred Sung, founded Club Monaco (later acquired by Ralph Lauren), and created the Joe Fresh retail brand. He cited the company's product development process and attention to regulatory compliance as reasons for joining.Two large market tailwinds support the strategy. Grand View Research projects the global energy drinks market will grow from $79.4 billion in 2024 to $125.1 billion by 2030. The nicotine pouch segment is forecast to climb from $5.4 billion in 2024 to over $25 billion by 2030, reflecting a 29.6% annual growth rate. Rising consumer concern over sugar intake and beverage overconsumption continues to push demand toward alternative caffeine delivery methods.Doseology Sciences currently distributes Gummies and Collagen products under the Feed That Brain brand across close to 500 Canadian retail locations. Its U.S. subsidiary, Doseology USA Inc., established earlier this year, is working on pouches that blend caffeine with nootropics and adaptogens. The leadership team now includes CEO Chris Jackson, President and COO Tim Corkum, and Strategic Go-to-Market Advisor Patrick Sills.CONTINUED... Read this and more news for Doseology Sciences at:
https://usanewsgroup.com/2025/12/19/what-comes-after-cigarettes-vapes-and-energy-drinks/ Kraft Heinz (NASDAQ: KHC) unveiled the HEINZ KegChup, a limited-edition 114-ounce stainless steel keg of ketchup equipped with an easy-to-dispense spigot, timed for the Super Bowl and positioned as the ultimate game-day companion. The concept was teased on Instagram last fall, generating nearly one million views and over 10,000 waitlist sign-ups."On game day, fans unleash their unbridled passion for their teams, and their love for Heinz ketchup is no exception, making it a must have for every watch party spread," said Jaime Mack, Associate Director of Brand Communications for Heinz U.S. at Kraft Heinz. "That's why we're kicking it up a notch with the Heinz KegChup — the ultimate game-day companion."The KegChup was developed by Kraft Heinz's in-house agency, The Kitchen, with PR handled by the Zeno Group. A broader rollout is planned for the start of the 2026 NFL season, with exclusive pre-order access available at HeinzKegChup.com.Tilray Brands (NASDAQ: TLRY) (TSX: TLRY) appointed Romano Beverage to manage statewide distribution of its Breckenridge Distillery spirits portfolio across Illinois, covering the full collection including bourbon whiskey, rum, vodka, gin, and the newly launched Mountain Shot. Romano Beverage will leverage its Elmhurst facility and local relationships to support logistics, salesforce coverage, and retail activation."Romano Beverage has been a trusted partner, and we greatly value the expertise they bring to the market," said Mike Horan, Executive Vice President of Sales at Breckenridge Distillery, a brand owned by Tilray Brands. "This expanded collaboration positions us to accelerate our growth and solidify our footprint across Illinois."Breckenridge Distillery has earned more than six Double Golds at the San Francisco World Spirits Competition and was named World's Best Finished Bourbon at the 2024 World Whiskies Awards. Tilray Brands operates over 40 brands across cannabis, beverages, and wellness in more than 20 countries.Cronos Group (NASDAQ: CRON) (TSX: CRON) launched its premium Lord Jones cannabis brand in Israel, bringing five indoor-grown flower strains to one of the world's most advanced medical cannabis markets. Each batch undergoes a cold-cure process to preserve terpene richness and trichome density before being hand-trimmed and packaged in glass jars."Israel has always represented a key market in our borderless product strategy," said Mike Gorenstein, Chairman, President and CEO of Cronos Group. "By introducing Lord Jones to Israeli patients, we are applying our global brand expertise to meet local demand while preserving the craftsmanship, quality standards, and premium identity, which have come to define Lord Jones."The company plans to expand the Lord Jones brand in Israel with future special edition and limited-run products. The launch advances the company's borderless product strategy alongside its Spinach and PEACE NATURALS brands.USANA Health Sciences (NYSE: USNA) reported preliminary fiscal year 2025 net sales of approximately $925 million, ahead of its most recently issued guidance of approximately $920 million, while issuing initial fiscal year 2026 net sales guidance of $925 million to $1.0 billion. The outlook includes projected contributions of $140 to $155 million from its Hiya children's health subsidiary and $65 to $80 million from Rise Wellness.The company expects its core nutritional business to generate $720 to $765 million in fiscal 2026 net sales, reflecting one fewer week compared to fiscal 2025. Rise Wellness, comprising the Rise Bar and Protein Pop brands, experienced meaningful growth in 2025 and is expected to reach breakeven operating margins in fiscal 2026 as it invests in strategic activities to drive future growth.Article Source: https://usanewsgroup.com/2025/12/19/what-comes-after-cigarettes-vapes-and-energy-drinks/ CONTACT:Baystreet.ca
cs @dutchleaderDISCLAIMER: Nothing in this publication should be considered as personalized financial advice. We are not licensed under securities laws to address your particular financial situation. No communication by our employees to you should be deemed as personalized financial advice. Please consult a licensed financial advisor before making any investment decision. This is a paid advertisement and is neither an offer nor recommendation to buy or sell any security. We hold no investment licenses and are thus neither licensed nor qualified to provide investment advice. The content in this report or email is not provided to any individual with a view toward their individual circumstances. USANewsGroup.com is a wholly-owned subsidiary of Market IQ Media Group, Inc. ("MIQ"). "). This article is being distributed for Maynard Communications ("MAY"), who has been paid a fee for an advertising campaign. MIQ has not been paid a fee for Doseology Sciences. Inc. advertising or digital media, but expects to be paid a fee from ("MAY"). There may be 3rd parties who may have shares of Doseology Sciences Inc., and may liquidate their shares which could have a negative effect on the price of the stock. This compensation constitutes a conflict of interest as to our ability to remain objective in our communication regarding the profiled company. Because of this conflict, individuals are strongly encouraged to not use this publication as the basis for any investment decision. The owner/operator of MIQ own shares of Doseology Sciences Inc., which were purchased as a part of a private placement. We also expect further compensation as an ongoing digital media effort to increase visibility for the company, no further notice will be given, but let this disclaimer serve as notice that all material, including this article, which is disseminated by MIQ has been approved by Doseology Sciences Inc.; this is a paid advertisement, we currently own shares of Doseology Sciences Inc. and will buy and sell shares of the company in the open market, or through private placements, and/or other investment vehicles. While all information is believed to be reliable, it is not guaranteed by us to be accurate. Individuals should assume that all information contained in our newsletter is not trustworthy unless verified by their own independent research. Also, because events and circumstances frequently do not occur as expected, there will likely be differences between any predictions and actual results. Always consult a licensed investment professional before making any investment decision. Be extremely careful, investing in securities carries a high degree of risk; you may likely lose some or all of the investment.SOURCES:https://www.fortunebusinessinsights.com/functional-foods-market-102269https://www.grandviewresearch.com/industry-analysis/nicotine-pouches-market-reporthttps://www.mordorintelligence.com/industry-reports/functional-beverage-markethttps://www.globenewswire.com/news-release/2026/02/04/3232214/0/en/Health-Wellness-Industry-in-2026-Key-Trends-and-Transformations.htmlLogo - https://mma.prnewswire.com/media/2838876/5656770/USA_News_Group_Logo.jpg
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Original: Format Innovation Reshapes a $438B Functional Market
FUNMAN
6 years ago
Kraft Heinz Company: A Large Scale Efficient Food Manufacturer
Aug. 20, 2020 3:18 PM ET|4 comments | About: The Kraft Heinz Company (KHC), Includes: GIS, MDLZ
By: Chetan Woodun
Read here to see all of the charts.
https://seekingalpha.com/article/4369997-kraft-heinz-company-large-scale-efficient-food-manufacturer
Summary
The doubters have been proved wrong and the Kraft and Heinz company is benefiting from improvement in both top-line and bottom-line.
The reason is not only due to COVID as evidenced by the tracker I use to analyze results of the transformation plan launched last year.
The company is also looking stronger than competitors.
I take a deep look at the challenges for the next quarter taking into consideration the very ingredients which led to an upbeat performance in the first half of the year.
KHC is undervalued when taking into consideration its ability to derive better operational margins from COVID-19.
Many were doubting that the higher consumer demand the Kraft Heinz Company (KHC) was witnessing for its products in Q1-2020 would continue in the second quarter.
This high demand in the first quarter was solely being attributed to panic-led stockpiling amid the coronavirus outbreak.
However, higher second quarter sales both in comparison to Q2-2019 and Q1-2020 figures proved that there was more to it than just stockpiling.
Also, in terms of bottom-line, there were better-than-expected EBITDA margins.
Figure 1: KHC's quarterly revenue
ChartData by YCharts
Still, despite these positives, challenges still lie ahead.
Hence, I evaluate how the action plan formulated in the third quarter of 2019 by the new management team to address marketing, supply chain and operational efficiency has delivered results and can continue to bring improvements in the second half of the year.
For this purpose, I have elaborated a strategic plan tracker.
I will also address the competitive position as well as touch upon COVID-related specific consumer patterns which can impact on growth.
To begin with, I analyze the revenues and finances.
Preliminary results of the strategic plan
The company is still amid a re-organization process as the pandemic weathers through. The COVID-induced stay-at-home phenomenon has resulted in increased demand and this has been beneficial.
However, the pandemic has also brought challenges especially in terms of supply chain. Here the operations team has worked hard to optimize manufacturing capacity to meet demand with some plants running on a 24/7 basis.
Despite their efforts, there was some loss of market share for meat and cheese products as products were not available in time.
Still, KHC managed to increase gross margins to 37% for Q2-2020, more than 4% higher compared to the previous quarter as the company was able to mitigate incremental COVID costs incurred in terms of overtime and protective equipment costs.
The company owes this success to a re-examination the stock-keeping process in the US and streamlining the complexities out of the system resulting in the route from production lines to market becoming more nimble.
Figure 2: Tracker to evaluate how strategy has been translated to action
Source: Keylogin strategic analysis
Also, KHC is working hard on marketing and consumer profiling in terms of geography and demographics in order to target a more diverse population.
In this context, younger consumers with higher income levels coming from areas which were not previously indexed by KHC have been buying items like peanut butter and pasta sauce, thus providing the company with a diversification opportunity.
KHC's customer base has traditionally included more of the baby-boomer generation of shoppers.
In terms of figures, higher sales has resulted in 75% of KHC's brands being adopted by more households and also increasing repeat rate among the new buyers.
Promotional campaigns carried out during the second quarter have resulted in higher SG&A expenses compared to Q1-2020 but this was money well-spent as the revenues and profitability figures show.
Figure 2: Revenues by quarter with all figures in millions of dollars.
Source: SeekingAlpha
Going forward, KHC plans to re-deploy more of its marketing expenses towards loyalty campaigns thus further tapping into its new base of recently acquired customers.
Also, I see more promotional activities leading to lower prices and more sales in the second half.
Figure 3: McCafé
Good is Brewing
Source: MacDonald
On the other hand, one of the headwinds is constituted by the McCafé's exit that has been underway in Canada in the first half of the year and which also began impacting US sales as from July.
Other possible headwinds going forward are incentive compensation and unfavorable commodity costs mainly to be incurred for cheese.
However on the positive side, the higher COVID-led demand seen in the first half should be maintained through aggressive marketing and the ability of the company's supply chain to channel goods more efficiently.
To this end, some of the supply chain constraints faced for meat products have already been mitigated.
Here, higher gross margins together with the fact that the company is redeploying marketing resources instead of incurring in additional recruitment should result in operational margins staying on the high side.
Moreover, to a lesser extent, foreign exchange translation which was a headwind in the first half with the strong dollar could be less of a drag in the third quarter with both the Canadian Dollar and British Pound having seen strength in international FOREX markets.
Most importantly, KHC has been able to establish a strong base from where it should not only sustain top-line growth but also maintain profitability.
Therefore, going forward, there is real possibility for the headwinds to be offset.
Figure 4: Evaluation of the headwinds in the second half of the year.
Source: Keylogin evaluation matrix built with some data obtained from earnings report for Q2-2020.
I now go deeper into the finances.
In this respect, as of June 30 cash available was $2.8 billion while long term debt was $28.1 billion. Now, through July, $1 billion of the 2020 debt maturities was paid with cash, reducing outstanding gross debt.
Figure 5: Balance sheet with all figures in millions of dollars
Source: SEC filings
The liquidity position is strong with no meaningful refinancing needs for the next five years and the refinancing transaction performed back in May.
KHC is reducing debt and ensuring that there is sufficient free cash flow ($2.3 billion as at June 30) to ensure dividend payments.
Debt to equity is at 58.70, the lowest among peers.
Current payout ratio is currently at 62% for a yield of 4.5% and this is the highest among competitors.
The competition
First, there seems to be a lot of outdated information when it comes to looking for KHC's competitors.
This is also the case with some commentators whose memories appear to be stuck in the past, more particularly in February of 2019 when KHC had lost the one thing for which it was prized by investors: its profit margins.
Hence, there is a general sentiment that the stock is "struggling".
Figure 5: Outdated results when comparing KHC with Mondelez (MDLZ) through a google search.
Source: Google.com
However, things have now changed, and the company's operating margin is back to above the 20% mark.
That steep rise from March to June when compared to the competition shows that KHC has been able to take advantage of COVID-led opportunities in a much more efficient way.
Figure 6: A comparison of the operating margins showing how KHC has benefited more from COVID-led demand than competitors Mondelez and General Mills (GIS).
Source: Chart built from data from SeekingAlpha
The underlying reasons for this achievement a better leverage on supply chain, higher volumes and better product mix.
Now, some may be wondering if the margins could burst through the 25% level by the end of the year as the improvements the company is bringing to its operational efficiency start to really bite.
In order to get more clarity, I go through the challenges.
The challenges
The first challenge is the favorable consumer behavior seen in the first half simply being absent in the second half of the year.
However, there are studies which indicate otherwise.
In this context, a study by restaurants.org indicates that restaurant sales continued to rise in July, but at a much slower pace.
For consumer staples plays, this means that the "favorable shift" between retail and food-service (people eating in restaurants instead of purchasing packaged food) they benefited from in the first half of the year is not completely gone.
Moreover, according to the same survey, "after the initial bounce in May and June, July's sales results are a reminder that the restaurant industry's road to recovery will be long and uneven".
Figure 7: Sales generated by eating and drinking places.
Source: Restaurants.org
Also, in the UK, one of KHC's largest international markets, restaurants were allowed to re-open on July 4, 2020 only under strict hygiene conditions to prevent a second wave of virus.
This means that while there will be a reduction in volume of good sold, the trend seen in the packaged food industry should continue to be favorable to KHC.
Now, according to another study by McKinsley, COVID-19 has disrupted the positive trend seen in small packaged food manufacturers during recent years.
The study also mentions of a more pronounced liking for conscious eating and living.
These two findings can only be beneficial to larger food manufacturers like KHC offering natural food brands.
Therefore, customer consumption pattern should continue to be favorable going forward.
Interestingly, Michael Lavery, an analyst at Piper Sandler's also expects pronounced eating-at-home trends to drive a "sustainable lift" at least into 2021.
According to him, KHC is well-positioned with a more meal-oriented product offerings and lesser food-service exposure.
Now, less food-service exposure also means less vulnerability to an economic downturn.
Also, the ability of KHC's operations team to drive down the cost of goods sold and its marketing department to re-deploy resources (instead of spending money on additional resources) during promotional campaigns are key to maintaining profitability levels.
I now provide an indication for the target price.
Valuations and key takeaways
With superior profitability margins, KHC is the only company which seems to have taken the most advantage from the surge in COVID-led demand, may be as a result of the new CEO being able to think out-of-the box.
Figure 8: Comparing the valuations
Source: SeekingAlpha
Hence, according to all metrics, namely price to earnings, price to sales and EV to EBITDA ratios, valuations for KHC is on the lower side.
I get a value of $38-42 which is aligned with Piper Sandler's target of $39.
My bullish instance is reinforced through the actions of the new management which is implementing a new operating model to improve performance on a sustainable basis.
Second, winning younger customers with more purchasing power means greater opportunity to sell natural food as the Gen-Z and millennials are more likely to favor organic Foods according to Packaged Facts.
In this context, it would be useful to get updated as to the amount of sales being conducted online given the fact that behaviors are changing as more adults stay and therefore dine alone and kids eat more lunches at home versus school.
Looking further down the road, some of the progress made has delivered results but much still remains to be seen as changes are still being brought to the organization.
As a holder since March 2018, I am now confident that the ingredients are here to ensure profitable and sustainable growth after some stimulus from the coronavirus.
In addition, the fact that the company has less exposure to the food-service business earns it a better position to weather the forthcoming economic downturn.
Finally, food is an essential commodity and KHC as a large scale food-manufacturing company ensures that despite disruptions, it continues to be available in retail stores.
Therefore, at current stock prices, the company is a buy.
Disclosure: I am/we are long KHC. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
FUNMAN
6 years ago
Maxwell House Launches New Zero Waste Single-Serve Coffee Pods
NEWS PROVIDED BY
Good move. - FUNMAN
Kraft Heinz Canada
Aug 17, 2020, 08:00 ET
https://www.newswire.ca/news-releases/maxwell-house-launches-new-zero-waste-single-serve-coffee-pods-863920440.html
"Good to the last drop. And long after" reflects a commitment to a more sustainable future and to the next generation of coffee drinkers.
TORONTO, Aug. 17, 2020 /CNW/ - Canadian icon Maxwell House has always been, "Good to the last drop." Now, thanks to a bold new 100% compostable pod innovation launch, it's "Good to the last drop. And long after."
Serving as a stamp of the brand's commitment to sustainability, the launch of Maxwell House 100% compostable coffee pods provides an alternative to the popular single-serve pods. Made entirely from plant-based materials, all pod components and its inner bag are 100% compostable, plus the outer carton is 100% recyclable, leaving zero waste for the consumer. This helps Canadians reduce waste without sacrificing the convenience of single-serve pods or the rich flavour of Maxwell House coffee they know and love.
"We recognize the significant concern packaging waste presents and we are working collectively at all levels of our operations to explore alternative solutions," says Nicole Fischer, Head of Sustainability, Kraft Heinz Canada. "Through ongoing collaboration with packaging experts, organizations and coalitions, Kraft Heinz Canada is working towards a circular economy to ensure real measures are taken to reduce single-use plastics and divert food waste from our landfills, limiting harmful impacts to our environment."
With the launch of Maxwell House 100% compostable coffee pods, waste reduction is at the forefront, with sustainable packaging from beginning to end. It's a simple one-step process: toss the pod into the compost bin and it will decompose into nutrient rich soil. Leaving zero waste for the consumer, the compostable coffee pods are made of 85% coffee grounds (real, actual coffee) with a paper lid, a coffee filter made from cornstarch and a plant-based compostable ring made from over 20% coffee bean husks.
Certified by the Biodegradable Products Institute, this designation verifies that the compostable coffee pod meets global scientific standards for industrial compostability and is formulated to break down in a period of about seven weeks. Gone are the days of tedious separation of recyclable pod elements, including the removal of the lid, ring, mesh filters and coffee grounds. Further, organization into the correct recycling and composting categories is no longer required.
Dr. Calvin Lakhan, industry expert and leading environmental researcher at Toronto's York University says, "Both brands and consumers have a critical role to play in driving sustainability forward through innovative technology and developing solutions that balance the demands of modern society with the needs of the planet. By making the switch from traditional single-use plastic pods to compostable pods, we could help reduce plastics by the height of more than 4,000 CN towers annually."
As a way to showcase the innovation, Maxwell House launched an immersive educational experience to highlight how the pods decompose. Located at stackt market in downtown Toronto, visitors can witness first-hand how the compostable pods break down over the next few weeks in a shipping container filled with 500 lbs. of shredded organic material, such as expired fruits and veggies, and the 100% compostable pods.
By the end of the process, all the pods used to create the experience will break down completely so all that is left is nutrient rich soil. Time lapse assets of the decomposition experience will also be shared with Canadians across social media to demonstrate the reality of the process. To learn more and witness the science behind the pods, visit @MaxwellHouseCA on Instagram, Facebook and Twitter.
The launch will also be supported with a national TV-led campaign spanning digital, social, PR, e-commerce and in-store activations.
Kraft Heinz will be releasing its 2020 Environmental, Social, Governance (ESG) report as part of its corporate citizenship and sustainability efforts in Fall 2020. The report highlights its commitment to sustainability, including the company's aim to make 100% of packaging recyclable, reusable or compostable by 2025.
ABOUT KRAFT HEINZ CANADA
Kraft Heinz Canada is the country's largest food and beverage company and is a subsidiary of Kraft Heinz (NASDAQ: KHC). Kraft Heinz Canada provides high quality, great taste and nutrition for all eating occasions whether at home, in restaurants, or on the go. Kraft Heinz Canada products are found in more than 97 per cent of Canadian households. The company's iconic brands include Kraft Peanut Butter, Heinz Ketchup, KD, Philadelphia Cream Cheese, Renées Dressing, Jell-O, Classico, Kool-Aid and Maxwell House. Kraft Heinz Canada is dedicated to the sustainable health of our people, our planet and our company. For more information, please visit www.kraftheinzcompany.com.
SOURCE Kraft Heinz Canada
For further information: Media inquiries: Stella Karami, skarami@getproof.com, 647-884-9651
FUNMAN
6 years ago
Kraft Heinz Names New Executives to the Company’s U.S. Leadership Team
August 13, 2020 at 8:00 AM EDT
http://ir.kraftheinzcompany.com/news-releases/news-release-details/kraft-heinz-names-new-executives-companys-us-leadership-team
Leadership Hires in Sales, Marketing, and Communications Will Advance the Company’s Strategic Plans for the U.S. Business
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--Aug. 13, 2020-- Today, the Kraft Heinz Company (Nasdaq: KHC) celebrated another milestone in the company’s turnaround plan with the finalization of its U.S. Leadership Team, naming Cory Onell as President of U.S. Sales; Sanjiv Gajiwala as U.S. Chief Growth Officer; and Stephanie Peterson as Head of U.S. Communications.
The appointment of three new senior executives to key leadership positions underscores the company’s commitment to driving sustained growth through customer-centric innovation, strategic investments, and talent development. Leveraging extensive functional expertise and business acumen, each leader will bring new, complementary capabilities to the company’s U.S. business, the largest of the organization, and help shape the future of Kraft Heinz.
“I am thrilled to welcome Cory, Sanjiv, and Stephanie to the Kraft Heinz family and believe they will add tremendous value to our business by helping accelerate our transformation agenda and drive growth,” said Carlos Abrams-Rivera, U.S. Zone President for Kraft Heinz. “With their inclusion on our U.S. Leadership Team, we’re adding critical, best-in-class Sales, Marketing, and Communications capabilities that will help us build a new Kraft Heinz fueled by innovation, insights and agility.”
Cory Onell joins Kraft Heinz with more than 20 years of experience leading Sales organizations for Consumer Packaged Goods companies. As the head of the U.S. Sales organization, he will drive customer and channel growth by creating dynamic solutions that generate shared value while leveraging the power of the iconic Kraft Heinz portfolio to reclaim category leadership. Most recently, Onell served as Senior Vice President of Sales and the Head of U.S. Retail and Customer and Commercial Teams for the J.M. Smucker Company after successful stints at Campbell Soup Company, Kimberly-Clark Corporation, Mondelez International and Kraft Foods.
As the U.S. Chief Growth Officer, Sanjiv Gajiwala will champion the company’s consumer obsession in this newly created role. Leveraging rich insights and analytics, he will lead the charge in commercializing breakthrough innovations that speak directly to consumer needs and differentiate Kraft Heinz while applying a strategic omnichannel approach to help bring the company’s beloved brands to life in new and exciting ways. Gajiwala joins Kraft Heinz from Mike's Hard Lemonade Co., the leader in the Flavored Malt Beverage category, where most recently he served as Senior Vice President of Marketing.
Having joined Kraft Heinz at the end of May as the first Head of U.S. Communications, Stephanie Peterson will lead all internal and external communications efforts for the Zone business. Before Kraft Heinz, Peterson served in senior-level communications roles at PepsiCo, KIND Snacks, and, most recently, IHOP Restaurants, where she led the communications function, spearheading executive visibility and franchisee communications as well as multi-faceted PR campaigns and experiential marketing initiatives that turned the iconic breakfast chain into one of the most relevant pop-culture brands of the last decade.
Onell, Gajiwala, and Peterson all report to Kraft Heinz U.S. Zone President Abrams-Rivera.
ABOUT THE KRAFT HEINZ COMPANY
For 150 years, we have produced some of the world’s most beloved products at The Kraft Heinz Company (Nasdaq: KHC). We are one of the largest global food and beverage companies, with 2019 net sales of approximately $25 billion. Our portfolio is a diverse mix of iconic and emerging brands. As the guardians of these brands and the creators of innovative new products, we are dedicated to the sustainable health of our people and our planet. To learn more, visit www.kraftheinzcompany.com or follow us on LinkedIn and Twitter.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200813005232/en/
Stephanie Peterson, Head of U.S. Communications
Stephanie.Peterson@kraftheinz.com
Christopher Jakubik, CFA (Investors)
ir@kraftheinz.com
Source: The Kraft Heinz Company
conix
6 years ago
Kraft-Heinz 5.25% Yield Is A Buy
Posted on Thursday, April 30th, 2020 by Thomas Hughes
Consumer Staples, It’s What You Want To Own
The consumer staples (XLP) stocks have been on a tear and no wonder. The global coronavirus pandemic is driving people to stay home, stock up, and social-distance, and that means big spending in the staples categories. Companies like Conagra (CAG), General Mills (GIS), the JM Smucker Company (SJM), and Kellogg (K) have all been reporting goods news. news like increased organic sales, improved profits, and positive outlook, and that has been driving their shares back to pre-virus levels and higher.
Today’s spotlight is on Kraft-Heinz (KHC). The global food-staple behemoth reported better than expected top and bottom-line results and a very favorable outlook. Where most S&P 500 companies are going to see their revenue and earnings fall sharply in Q2 Kraft sees a modest increase for both. Don’t forget, Q2 is going to be the worst-hit quarter regarding earnings for the “average company” as most major markets are in lockdown.
What The Consumers Say
When it comes to what the consumers say, following the money is always the best bet. When it comes to Kraft-Heinz, the consumers say they want what the company is selling. Revenue in the 1st quarter not only grew 3.3% from the previous year but came in above the consensus forecast. Earnings, due to a combination of pricing, volume, and mix, also grew from the previous year to beat the consensus expectation.
The average price per case sold increased by 1.6% over the last year showing the company’s ability to pass cost increases on to the consumer. Volume and mix added a total of 4.6% of growth to the results bringing organic growth to nearly 6.2% for the quarter. In the U.S., comps rose 6.4% while Internationally they rose a slightly-more robust at 6.9%.
The only bad news is that Kraft management decided to pull the full-year guidance. The silver lining is that Kraft, like so many others, is positioned to do well during the pandemic. The reason for the guidance-pull more than mitigates its existence; Kraft thinks its current guidance may be too low but is unwilling to say so. Based on the current results and what guidance they were able to provide, the analyst’s consensus is too low and in need of upward revision. As it stands now, the analysts see 2020 revenue growth as flat to slightly negative.
The Dividend, A Healthy 5%
Kraft-Heinz is not well known as a dividend-grower, far from it in fact, but that does not negate its attractiveness today. At today’s prices, Kraft is paying more than 5% with very little expectation the distribution will be cut. Along with today’s release, Kraft issued its next distribution declaration assuring the next payment safe at least.
Beyond that, Kraft is earning plenty to cover its payment despite a slightly-higher than preferred 68% payout ratio. Assuming the company can at least meet consensus over the next two years that should not become a problem. In terms of cash-flow and debt, Kraft is carrying some debt but it’s well-managed long-term debt the company has been working hard to reduce. It was just 1.5 years ago Kraft cut its dividend to $0.40 quarterly in order to accelerate the "deleveraging process to provide greater balance sheet flexibility." That process is ongoing.
The Technical Outlook: A Vee-Shape Recovery Is In Process
A quick look at the chart of KHC prices will show you an asset in the process of recovery. This stock saw a massive correction that shaved 37.5% off its 2020 highs and then a nice rebound. The bottom is more like a quick double-bottom than a true Vee-shaped recovery but that’s not a concern.
What is a concern is that price action appears to be flagging and the indicators are consistent with a top. This may lead the stock to correct again, possibly as low as the $28 level, despite the generally bullish outlook. If KHC falls to the EMA and confirms support I would be a buyer. Likewise, if the stock price stabilizes at today’s levels and moves above $30.25 I would also be a buyer.
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