Kraft Heinz Co (OQ:KHC)
Business Focus: Food Processing
| Sector: Consumer Non-Cyclicals | Industry: Food Processing |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 1 Ppg Pl PITTSBURGH PA 15222-5415 |
| Tel: | N/A |
| Website: | https://www.kraftheinzcompany.com |
| IR: | See website |
| Key People | ||
| Carlos A. Abrams-Rivera Chief Executive Officer, Director | Andre Maciel Global Chief Financial Officer, Executive Vice President | Melissa Werneck Executive Vice President, Global Chief People Officer |
| Marcos Eloi Lima Executive Vice President, Global Chief Procurement and Sustainability Officer | Rashida La Lande Executive Vice President, Chief Legal and Corporate Affairs Officer | Pedro Navio Executive Vice President and President, North America |
| Cory Onell Executive Vice President, Chief Omnichannel Sales and Asian Emerging Markets Officer | Flavio Barros Torres Executive Vice President, Global Chief Supply Chain Officer | Diana Frost Global Chief Growth Officer |
| Business Overview |
| The Kraft Heinz Company is a global food and beverage company. The Company manufactures (and contract for the manufacture of) its products from a variety of raw materials. It purchases and uses commodities, including dairy products, meat products, tomato products, soybean and vegetable oils, sugar and other sweeteners, coffee beans, wheat and processed grains, eggs, and other fruits and vegetables to manufacture its products. In addition, the Company purchases and uses significant quantities of resins, fiberboard, metals and cardboard to package its products. The Company's geographic segments include North America and International. Its North America segment offers various brands, which include Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Ore-Ida, Capri Sun, Maxwell House, Kool-Aid and Jell-O. Its International segment offers various brands, such as Heinz, ABC, Master, Quero, Kraft, Golden Circle, Wattie's, Pudliszki and Plasmon. |
| Financial Overview |
| For the 13 weeks ended 30 March 2024, Kraft Heinz Co revenues decreased 1% to $6.41B. Net income decreased 4% to $801M. Revenues reflect Operating Segment - International decrease of 47% to $855M, Operating Segment -North America decrease of 1% to $4.83B. Net income also reflects Loss/(gain) on sale of business increase from $1M to $80M (expense), Derivative losses/(gains) decrease from $8M (income) to $39M (expense). |
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