Kraft Heinz Company (KHC) PT Lowered to $32 at Goldman Sachs
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The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share
October 30, 2024 7:01 AM EDTPITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) announced today that the Companys Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on Dec. 27, 2024, to stockholders of record as of Nov. 29, 2024.
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Kraft Heinz Reports Third Quarter 2024 Results
October 30, 2024 7:00 AM EDTNarrows Full Year Outlook for Organic Net Sales(1)(2), Adjusted Operating Income(1)(2), and Adjusted EPS(1)(2)
Third Quarter Highlights
Net sales decreased 2.8%; Organic Net Sales(1) decreased 2.2% Gross profit margin increased 20 basis points to 34.2%; Adjusted Gross Profit Margin(1) increased 30 basis points to 34.3% Operating income decreased 115.5%, driven by non-cash impairment losses of $1.4 billion; Adjusted Operating Income(1) increased 1.4% Diluted EPS was $(0.24), down 214.3%; Adjusted EPS(1) was $0.75, up 4.2% Year-to-date net cash provided by operating activities was $2.8 billion, up 6.7%;... MoreKraft Heinz Announces New Member of Board of Directors
October 28, 2024 4:10 PM EDTNew Independent Director, Debby Soo, is the CEO of OpenTable, Inc., and brings significant expertise in technology transformation, public company leadership, and global business management
PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz or the Company) announced today that Debby Soo, CEO of OpenTable, Inc., has been appointed to the Board of Directors (Board), effective October 24, 2024.
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