Kraft Heinz: latest news, analysis and trading updates | ESM Magazine

Kraft Heinz Misses Quarterly Sales Estimates As Higher Prices Dent Volumes

Kraft Heinz missed quarterly sales and profit estimates as inflation-hit customers bought fewer packaged meals and condiments, discouraged by higher produc...

Campbell Soup's Price Hikes Drive Quarterly Profit Beat

Campbell Soup beat Wall Street estimates for third-quarter profit on Wednesday as the maker of Pepperidge Farm cookies benefited from several quarters wort...

J.M. Smucker Sees Smaller Decline In Annual Sales On Higher Prices, Steady Demand

Jif peanut butter maker J M Smucker forecast a smaller-than-expected decline in annual revenue on Tuesday, betting on higher prices and steady demand for i...

Kraft Heinz Introduces IHOP Coffee To Stores

Kraft Heinz has announced the launch of IHOP Coffee at grocery stores in the United States.

Kraft Heinz Lifts Profit Outlook On Price Hikes, Steady Demand

Kraft Heinz has raised its full-year profit forecast after beating first-quarter expectations, as price hikes and resilient demand helped the Jell-O maker...

Kraft Heinz Agrees To Sell Russian Baby Food Business

Kraft Heinz has agreed to sell its baby food business in Russia to local drinks and snacks maker Chernogolovka, the U.S. food giant said, as domestic firms...

Consumer Goods Makers Weigh Bets On Buyer Strength

Prices of everyday basics like Bounty paper towels and Cadbury chocolate may rise again this year while those of others like Clorox Co wipes and Diet Pepsi...

Kraft Heinz Forecasts 2023 Profit Below Estimates On Higher Costs

Kraft Heinz forecast annual profit below Wall Street estimates on Wednesday, expecting cost inflation to eat into margins even as higher prices boost sales...