General Mills bets the power of flavor will save it from soggy demand—'mac and cheese will be cheesier' and ‘brownies will be fudgier' [Fortune]
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The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: Fortune
The company reported a larger-than-expected drop in quarterly net sales, down 6% to $4.7 billion, due to falling demand for dog food and snacks. It also forecast annual profits below expectations. Shares fell as much as 7.8% on Wednesday following the earnings report. In addition to tweaking prices and increasing coupons to lure back shoppers, General Mills plans to invest in promotional activity—including bringing back the Pillsbury Doughboy —and improving the taste of its popular brands. “In tough economic times, consumers can't afford to waste, so they're looking for great-tasting products they know their family will eat,” CEO Jeff Harmening said in an earnings call on Wednesday. “Pillsbury biscuits will be flakier, Annie's mac and cheese will be cheesier, and Betty Crocker fudge brownies will be fudgier,” he added. Consumers, growing more protective of their wallets, have lately turned away from packaged goods, and food conglomerates across the board are struggling with mai
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News
- 2 Warren Buffett Stocks That Are Screaming Buys Right Now [Yahoo! Finance]Yahoo! Finance
- General Mills bets the power of flavor will save it from soggy demand—‘mac and cheese will be cheesier' and ‘brownies will be fudgier' [Yahoo! Finance]Yahoo! Finance
- The Kraft Heinz Company (NASDAQ: KHC) had its price target lowered by analysts at Wells Fargo & Company from $37.00 to $34.00. They now have an "equal weight" rating on the stock.MarketBeat
- Food manufacturers harness AI in quest for supply-chain efficiency [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz (KHC) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
KHC
Earnings
- 5/1/24 - Beat
KHC
Sec Filings
- 6/18/24 - Form 11-K
- 6/18/24 - Form 11-K
- 6/4/24 - Form 4
- KHC's page on the SEC website