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

Kraft Heinz Lifts Annual Profit Target As Price Hikes Boost Margin

Food giant Kraft Heinz beat Wall Street estimates for third-quarter profit and raised its annual forecast as the Jell-O maker's margins benefited from high...

Activist Investors Eye Food, Consumer Goods Firms

In the first seven months of the year, the consumer goods industry was the most targeted by activist investors, data shared exclusively with Reuters by con...

US Food Companies Go Deal Hunting As Pandemic Growth Fades

US packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemic-era fortunes fade and benefits of pri...

Hain Celestial Appoints Lee Boyce As Finance Chief

Organic and natural products company Hain Celestial has appointed Lee Boyce as its new chief financial officer, effective 5 September.

Kraft Heinz Names Carlos Abrams-Rivera As New CEO

The Kraft Heinz Company has announced the appointment of Carlos Abrams-Rivera as its new chief executive officer, effective 1 January 2024.

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...

France Strong-Arms Big Food Firms Into Cutting Prices

Top food companies in France including Unilever have pledged to cut prices on hundreds of products from next month, Finance Minister Bruno Le Maire said on...

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...