The Latest Breaking News from Kraft Heinz

Despite inflationary pressures and supply chain bottlenecks, steady demand for packaged food products and new product launches should benefit prominent food companies Kraft Heinz (KHC) and General Mills (GIS). But which of these stocks is a better buy now? Let’s find out.

Kraft Heinz Co (NASDAQ:KHC) has formed a joint venture (JV) with food tech start-up TheNotCompany Inc (NotCo). The financial terms were not disclosed. The JV will leverage NotCo's artificial intelligence (AI) solutions and Kraft Heinz's brand portfolio and scale to develop plant-based versions of co-branded products. The JV will operate under the control of…

Kraft Heinz Co (NASDAQ:KHC) reported a fourth-quarter FY21 sales decline of 3.3% year-on-year, to $6.71 billion, beating the analyst consensus of $6.61 billion. Sales in the U.S. fell 6.8% Y/Y, International rose 6.5%, and Canada increased 5.2%. The gross profit decreased by 14.3% Y/Y to $2.2 billion, with the margin contracting 410 points…

  Kraft Heinz (NASDAQ:KHC) reported its Q4 earnings results on Wednesday, February 16, 2022 at 08:00 AM. Here's what investors need to know about the announcement.