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

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

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

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

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

Successfully Executing our Strategic Agenda to Deliver Consistent Profitable Growth 6 3 Gaining or recovering across all segments +0.1% N.A. Retail ACCELERATE Platforms • Expecting low single-digit growth for FY24 • Expecting low to mid-single-digit growth for FY24 1| Non-GAAP financial measure. See the accompanying Non-GAAP Information and Reconciliations at ir.kraftheinzcompany.com/events-and-webcasts. 2| Global Away from Home Organic Net Sales based on internal sales data, which holds the impact of curre ...

Financial Data and Key Metrics Changes - The company reported a decline in overall volume in North America, particularly in categories like Mac & Cheese and juices, with private label brands gaining market share [7][8] - The impact of unplanned maintenance at an Away From Home plant is expected to affect topline growth by 50 to 100 basis points in Q2, but production is anticipated to return to normal levels by Q3 [12][14][76] Business Line Data and Key Metrics Changes - The Foodservice segment is projected to achieve mid-single-digit organic growth, with expectations that current trends will remain stable or improve [17][31] - The Oscar Mayer and beverage businesses experienced mid-single-digit declines in measured channels, with ongoing challenges being addressed through strategic investments [17][33] Market Data and Key Metrics Changes - The company noted a few hundred basis points negative impact on U.S. Retail sales due to the SNAP issue, which has affected lower-income consumers [22][50] - Emerging Markets are expected to return to long-term growth rates, with Q1 performance aligning with expectations [31][76] Company Strategy and Development Direction - The company is focused on innovation, aiming to generate $2 billion in incremental net sales from new products, and has been recognized as one of the world's Top 50 Most Innovative Companies [42] - The strategy includes expanding distribution in higher-margin channels such as leisure and hospitality, while also driving innovation in the Away From Home segment [25][71] Management's Comments on Operating Environment and Future Outlook - Management highlighted consumer stress due to high interest rates and gas prices, leading to a pullback in restaurant spending among lower-income households [50][51] - The company remains optimistic about the second half of the year, expecting gradual improvements in the U.S. Retail and Away From Home segments [26][76] Other Important Information - The company has exited non-strategic businesses, such as bulk vinegar, to focus on more profitable areas [45] - There is a commitment to maintaining affordable options for consumers, with a focus on quality and value [37][51] Q&A Session All Questions and Answers Question: Insights on private label share growth and its impact on specific categories - Management noted that while private label brands are gaining share, the company has renovated nearly 100% of its portfolio to remain competitive, focusing on delivering quality and value [8][9] Question: Details on unplanned maintenance at the Away From Home plant - Management confirmed that the maintenance was temporary and production has resumed, with expectations for a full recovery within the quarter [12][14] Question: Expectations for Foodservice growth and challenges in specific brands - Management expects Foodservice to continue growing, with specific challenges in the Oscar Mayer and beverage segments being addressed through strategic renovations and marketing investments [17][33] Question: Impact of SNAP on organic sales and restaurant traffic - The company estimated a few hundred basis points negative impact from SNAP on U.S. Retail, while also noting that restaurant traffic has slowed, affecting the Away From Home business [22][24] Question: Future pricing strategies in light of inflation - Management indicated a commitment to providing affordable options, having passed only 1% of the 3% inflation to consumers in 2023, while continuing to monitor cost inflation in key categories [37][50]

Key PointsKraft Heinz plunges on tepid results; results weren't better than expected, but they aren't bad. The deep-value, high-yield opportunity is still available for income investors. Analysts continue to rate the stock at Hold and see it advancing at least 10%. 5 stocks we like better than Kraft HeinzAs tepid as Kraft Heinz's NASDAQ: KHC Q1 results and guidance for Q2 are, they aren’t bad. The results and guidance align with the company’s forecast for Q1 and the analysts' forecasts for Q1 and Q2, which ...

Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz.The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by lower-income consumers spending less at both the supermarket and on meals away from home. The company said it raised its prices 2.7% year over -year to offset the cost of goods such as coffee.“The gap between high and low earners continues to remain wide, and it shows a clear and continued bifurcation,” CEO Carl ...