The Latest Breaking News from Kraft Heinz Co

Decliners outpace winners, but strength in energy stocks buoys two big holdings.

Kraft Heinz Co (NASDAQ:KHC) has signed a virtual power purchase agreement with BHE Renewables, a Berkshire Hathaway Inc (NYSE: BRK-A) Energy business. Under the agreement, BHE will provide power from renewables to Kraft Heinz's operations within the U.S. The facilitation is part of Kraft Heinz's aim to procure most of its electricity from renewable sources…

Investors are pushing food manufacturing multinationals including Nestle S.A. (OTC:NSRGY), Danone (OTC:DANOY), Kraft Heinz Co (NASDAQ:KHC), and Kellogg Co (NYSE:K), to set out new disclosures and targets on well being, Financial Times reported. The move comes after Unilever Plc (NYSE:UL) mentioned it would publish diet scores for its meals portfolio towards exterior metrics. The report noted that traders, along…

Kraft Heinz Co (NASDAQ:KHC) has partnered with Microsoft Corp (NASDAQ:MSFT) to develop digital solutions for the supply chain process. The multi-year cloud and AI agreement will focus on joint innovations across Kraft Heinz operations and product portfolios. Kraft Heinz will migrate most of its global data center assets to the Microsoft Azure cloud platform and…

Kraft Heinz Co (NASDAQ:KHC) has completed its acquisition of a majority stake in Companhia Hemmer Indústria e Comércio (Hemmer), a Brazilian food company. The deal was closed following approval from CADE (Brazil's Administrative Council for Economic Defense), Brazil's antitrust body.  The company expects the transaction to expand its International Taste Elevation platform, focusing on…

Food and beverage company Kraft Heinz Co (NASDAQ:KHC) has suspended all new investments in Russia and also all imports and exports of products. Kraft Heinz said it continues to closely assess the humanitarian crisis in Ukraine. Consumer goods giant Unilever PLC (NYSE:UL) has halted all imports and exports of its products in Russia in addition to…

Kraft Heinz Co (NASDAQ:KHC) has formed a joint venture (JV) with food tech start-up TheNotCompany Inc (NotCo). The financial terms were not disclosed. The JV will leverage NotCo's artificial intelligence (AI) solutions and Kraft Heinz's brand portfolio and scale to develop plant-based versions of co-branded products. The JV will operate under the control of…

Kraft Heinz Co (NASDAQ:KHC) reported a fourth-quarter FY21 sales decline of 3.3% year-on-year, to $6.71 billion, beating the analyst consensus of $6.61 billion. Sales in the U.S. fell 6.8% Y/Y, International rose 6.5%, and Canada increased 5.2%. The gross profit decreased by 14.3% Y/Y to $2.2 billion, with the margin contracting 410 points…

Kraft Heinz Co (NASDAQ:KHC) owned meat and cold cut production company Oscar Mayer has launched a bologna-inspired face mask. The rejuvenating face masks that resemble bologna are limited edition and available for purchase on Amazon.com Inc (NASDAQ:AMZN) for $5 each. The company said the face masks are a hydrating and restoring hydrogel that promote skin elasticity,…