TH International (THCH) Q1 2025 Earnings Call June 24, 2025 08:00 AM ET Company Participants Gemma Bakx - IR & Corporate CommunicationYongchen Lu - CEO & DirectorDong Li - CFO Conference Call Participants Steve Silver - Senior Equity Research Analyst Operator Ladies and gentlemen, welcome to Tim's China First Quarter twenty twenty five Earnings Conference Call. All participants will be in a listen only mode during management prepared remarks, and there will be a question and answer session to follow. Today' ...

Core Viewpoint - Warren Buffett considers the acquisition of Kraft Heinz as one of his few investment mistakes, particularly criticizing the overpayment for Kraft in 2015, despite Berkshire Hathaway's continued ownership of approximately 27% of the company [1][2][4]. Company Performance - Kraft Heinz stock has lost two-thirds of its value over the past decade and is currently at five-year lows, yet it remains a significant part of Berkshire Hathaway's portfolio, constituting about 3% of its value [2]. - The company has a high dividend yield of approximately 6%, significantly above the average yield of around 2%, making it attractive for dividend-seeking investors [5][7]. Challenges Facing Kraft Heinz - Many of Kraft Heinz's well-known brands are experiencing declining sales, particularly in North America, which is a major issue for the company [8]. - Increased competition from social media influencers and cheaper unbranded products is impacting Kraft Heinz's market position, leading to a decline in organic net sales by nearly 5% year-over-year in the first quarter of 2025, with operating income falling by 8% [9][10]. Strategic Outlook - Kraft Heinz is exploring "strategic transactions," which may involve selling parts of its portfolio or acquiring other businesses, but faces challenges due to a substantial debt load of nearly $21 billion [11][12]. - The company aims to reduce operating expenses by about $1 billion by the end of 2027, which could help sustain its dividend [14]. Dividend Safety and Future Prospects - Despite current challenges, the outlook for Kraft Heinz's dividend is considered safe, with the business maintaining strong profit margins, suggesting it could be an attractive option for income-focused investors [15].

Summary of Kraft Heinz Company Conference Call Company Overview - **Company**: Kraft Heinz Company - **Key Executives**: Carlos Abrams Rivera (CEO), Andre Maciel (CFO) Industry Context - **Consumer Health**: The year has been challenging for many companies, with unexpected pressures on consumer health due to high interest rates and inflation affecting various socioeconomic classes [5][6] - **Market Dynamics**: The company is focusing on providing value to consumers amidst economic pressures, emphasizing the importance of quality products at affordable prices [6][7] Core Business Insights - **Brand Growth System**: Kraft Heinz is implementing a proprietary system to enhance product quality, packaging, and marketing, aiming to better meet consumer needs [9][10] - **Product Innovations**: Introduction of family-sized mac and cheese packs priced at $2 to cater to families seeking value [11] - **Market Strategy**: The company is diversifying its channels, moving towards stadiums and leisure venues to improve margins and reduce reliance on restaurants [12] Financial Strategy - **Strategic Transactions**: The company is evaluating potential strategic transactions to unlock shareholder value, believing its stock is currently undervalued [14] - **Investment Focus**: Kraft Heinz plans to invest approximately $300 million in pricing strategies to maintain competitiveness without relying heavily on promotions [16][17] - **Marketing Investment**: The marketing budget is set to reach 4.8% of net sales, the highest in over a decade, to support product quality and communication [22] Operational Efficiency - **Productivity Initiatives**: The company has made significant investments in supply chain efficiency, technology, and marketing effectiveness, leading to improved ROI on promotions [53][54] - **Sustainability Efforts**: Kraft Heinz is reducing food waste in factories by 40% through improved operational practices [59] Regulatory Environment - **Government Regulations**: The company is proactively addressing potential regulations regarding artificial colors and SNAP (Supplemental Nutrition Assistance Program) exposure, with a significant portion of its portfolio already compliant [66][70] Future Outlook - **Stabilization and Growth**: The company views 2025 as a year of stabilization, with ambitions for growth in 2026 and a return to performance targets in 2027 [74][76] - **Commitment to Investment**: Despite challenges, Kraft Heinz is committed to investing in its brands and operations to navigate the current market landscape [78] Additional Insights - **Employee Engagement**: The company has seen high employee engagement levels, indicating a strong internal culture focused on efficiency and ownership [72] - **Consumer Trends**: There is a bifurcation in consumer behavior, with premium products growing while value-seeking consumers are also significant [19] This summary encapsulates the key points discussed during the Kraft Heinz Company conference call, highlighting the company's strategies, market conditions, and future outlook.

Company Overview - Farmland, founded in 1959, is dedicated to delivering high-quality, flavorful meats and has a strong commitment to quality and craftsmanship [5] - The brand is part of Smithfield Foods, a leading American food company known for its packaged meats and fresh pork products [6] New Product Launch - Farmland has introduced a new Premium Ground Pork line with two flavor varieties: Original and Taco Style, designed for versatility in various dishes [2] - The company also launched Julienne Turkey, which is fully cooked and sliced, aimed at enhancing salads, wraps, and casseroles [3] Brand Commitment - The new campaign emphasizes the brand's mission of providing the best quality food, reaffirmed by the slogan "Our Best for Your Best" [4] - Farmland's products are now available at select retailers, reflecting the brand's ongoing commitment to quality since its inception [4]

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智通财经APP获悉，文件显示，由于美国总统特朗普的关税，销售美国顶级咖啡品牌制造商卡夫亨氏 (KHC.US)要求其咖啡豆供应商在提价前提前60天通知。该文件粉碎了美国公司投资者和特朗普政府官 员的希望，他们希望卡夫亨氏等购买力强大的公司可以从供应商那里谈判出更好的交易，以帮助抵消关 税。 在4月份发出的文件中，该公司要求供应商只有在关税是永久性的情况下才提高价格，如果关税被取 消，则立即取消价格，这突显出美国公司在遏制特朗普不稳定和惩罚性贸易政策的影响方面面临的困 难。 生咖啡豆协会(Green Coffee Association)的合同涵盖了大部分运往美国的货物，根据该合同，在目的地 市场征收的关税成本"应由买方承担"。 一位向美国运送咖啡豆的欧洲咖啡贸易商表示："(贸易方面)还没有人恐慌，因为规则是非常清楚的。" 该公司还在文件中表示，希望供应商与其合作，以"减轻"关税的"影响"。美国上个月对包括咖啡在内的 所有进口商品征收10%的普遍关税，并正在与不同国家谈判单独的贸易协议。 卡夫亨氏旗下的Lunchables、Kraft Macaroni and Cheese以及Oscar Meyer等老字号品牌正 ...

Financial Data and Key Metrics Changes - The company has maintained a strong balance sheet over the past five years, aligning short and long-term incentives with shareholder value creation and maintaining a disciplined capital allocation policy [19][20] - The company reported a dividend of $0.40 per share and authorized a $3 billion share repurchase program through December 2026, indicating a focus on returning value to shareholders [59] Business Line Data and Key Metrics Changes - In Emerging Markets, the company has achieved a 7% CAGR in top-line growth from 2022 to 2024, with nearly 175,000 new distribution points added since implementing the go-to-market model [8] - The North America Retail segment is facing challenges, but the company is prioritizing brands under pressure, such as Lunchables and Capri Sun, with new product innovations and marketing campaigns [11][12] Market Data and Key Metrics Changes - The U.S. Away from Home market is experiencing a slowdown, but the company is expanding its footprint and growing beyond ketchup, with partnerships like those with the Chicago Cubs and Hilton Hotels [9][10] - The company has consistently grown market share in the U.S. from 2021 to 2024, adding 16,000 new distribution points globally in Q1 of the current year [10] Company Strategy and Development Direction - The company is focused on three strategic pillars: North America Retail, Global Away From Home, and Emerging Markets, with an emphasis on sustainable growth and brand investment [7][14] - The company aims to innovate and evolve its product offerings to meet consumer preferences, including gluten-free and dairy-free options, while maintaining a commitment to quality [16][17] Management's Comments on Operating Environment and Future Outlook - Management acknowledges market pressures but expresses confidence in the company's strategic direction and the strength of its brands [7][24] - The company anticipates inflation of 5% to 7% in 2025, primarily driven by commodity costs, and is embedding this into its guidance [55] Other Important Information - The company has achieved its highest employee engagement scores ever in 2024 and has been recognized as a great place to work in 22 countries [21][22] - The company has won multiple awards for its marketing campaigns, indicating a strong focus on creative excellence and brand building [15][16] Q&A Session Summary Question: Will Kraft Heinz commit to establishing new nutrition targets using recognized models? - The company acknowledges the lack of a globally aligned nutrition profile model but has established its own guidelines and is reviewing external models [52][53] Question: Is it a good time for acquisitions given the depressed stock prices in the food industry? - The company is always looking for portfolio management opportunities and has a strong balance sheet, but will maintain financial discipline in any actions taken [54][55] Question: Will Kraft Heinz reconsider commitments regarding cage-free eggs? - The company stands by its commitment to globally source cage-free eggs while working with suppliers to improve sourcing options [57][58] Question: When can shareholders expect a dividend increase? - The company recently declared a dividend of $0.40 per share and believes the share repurchase program provides better opportunities for returning value to shareholders [59] Question: Why is the stock price not performing well, and what is being done to correct it? - The company believes it is currently undervalued and is focused on executing its plans for 2025 and beyond to create opportunities for investors [60]

First Watch Restaurant Group (FWRG) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Company Participants Steven Marotta - VP of IRChristopher Tomasso - CEO, President & DirectorMel Hope - CFOAndrew Charles - Managing DirectorBrian Vaccaro - Managing Director - Equity ResearchAndy Barish - Managing DirectorMatt Eisenacher - Chief Brand OfficerPatrick Johnson - Equity Research Associate Conference Call Participants Jim Salera - Research AnalystJeffrey Bernstein - AnalystSara Senatore - AnalystJon Tower - Analy ...

First Watch Restaurant Group (FWRG) Q1 2025 Earnings Call May 06, 2025 08:00 AM ET Speaker0 Thank you for standing by and welcome to the FirstWatch Restaurant Group Inc. First Quarter Earnings Conference Call occurring today, 05/06/2025 at eight a. M. Eastern Time. Please note that all participants are currently in a listen only mode. Following the presentation, the conference call will be open for analyst questions and instructions on how to ask a question will be given at that time. This call will be arch ...

Q1 2025 SUPPLEMENTAL INFORMATION May 6, 2025 CAUTIONARY NOTE ON FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES FORWARD LOOKING STATEMENTS In addition to historical information, this presentation may contain a number of "forward-looking statements" as defined in the Private Securities Litigation Reform Act of 1995, which are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different from the statements made herein. All st ...