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KraftHeinz


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Street View: Kraft Heinz's US retail problems continue

BUZZ-Street View: Kraft Heinz's US retail problems continue ** Kraft Heinz KHC.O on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the packaged food giant's branded products such as Lunchables meal kits ** The Jell-O maker also posted a bigger-than-expected drop in Q3 revenue LUNCHABLES HEADWINDS EXPECTED TO CONTINUE ** Piper Sandler ("overweight", PT: $40) headwinds from the Lunchables segment - with private labels gaining share - an
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Pringles-maker Kellanova beats quarterly sales, profit estimates on steady demand

Pringles-maker Kellanova beats quarterly sales, profit estimates on steady demand Oct 31 (Reuters) - Packaged food company Kellanova K.N topped Wall Street estimates for third-quarter sales on Thursday, driven by resilient demand for its ready-to-eat breakfast items and snacks despite rising prices. WHY IT IS IMPORTANT The Cheez-It maker has capitalized on its brand strength to steadily raise product prices over the past few years to strengthen its margins.
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U.S. Altair Engineering, Brinker International, Meta

U.S. RESEARCH ROUNDUP-Altair Engineering, Brinker International, Meta Oct 31 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Altair Engineering, Brinker International and Meta, on Thursday. HIGHLIGHTS * Altair Engineering Inc ALTR.O : Needham cuts to hold from buy * Blackbaud Inc BLKB.O : Baird cuts to neutral from outperform * Brinker International Inc EAT.N : JP Morgan cuts to neutral from overweight * Comstock Res
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U.S. STOCKS Zimmer Biomet, Shake Shack, Microsoft

BUZZ-U.S. STOCKS ON THE MOVE-Zimmer Biomet, Shake Shack, Microsoft Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes advanced on Wednesday, with the tech-heavy Nasdaq rising to a record high, as investors assessed corporate earnings as well as crucial data showing the economy maintained a steady pace of growth in the third quarter.
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U.S. STOCKS XPO, Blueprint Medicines, AbbVie

BUZZ-U.S. STOCKS ON THE MOVE-XPO, Blueprint Medicines, AbbVie Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock indexes were muted on Wednesday as investors assessed mixed corporate results as well as crucial data showing the economy maintained a steady pace of growth in the third quarter.
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Kraft Heinz Co reports results for the quarter ended in September 30 - Earnings Summary

Kraft Heinz Co reports results for the quarter ended in September 30 - Earnings Summary Kraft Heinz Co KHC.OQ reported quarterly adjusted earnings of 75 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 72 cents. The mean expectation of eighteen analysts for the quarter was for earnings of 74 cents per share.
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Kraft Heinz down after Q3 revenue miss

BUZZ-Kraft Heinz down after Q3 revenue miss Updates ** Jell-O maker Kraft Heinz's KHC.O shares down ~4% at $ 33.42 ** Company posts Q3 revenue of $6.38 bln vs. est. $6.42 bln - LSEG ** Narrows 2024 organic sales, profit and margin forecasts as repeated price hikes hurt demand ** Co expects slower recovery for the Lunchables brand due to an upstream supplier issue leading to a 15% decline in retail sales in Q3 ** Posts adjusted EPS of 75 cents vs.
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U.S. STOCKS Visa, Reddit, Bank of America

BUZZ-U.S. STOCKS ON THE MOVE-Visa, Reddit, Bank of America Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures rose on Wednesday, as Alphabet's strong quarterly results buoyed sentiment around technology megacaps, while investors also awaited crucial data to gauge the strength of the economy and the labor market.
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Kraft Heinz down after Q3 revenue miss

BUZZ-Kraft Heinz down after Q3 revenue miss ** Jell-O maker Kraft Heinz's KHC.O shares down ~2% at $34.08 premarket ** Company posts Q3 revenue of $6.38 bln vs est $6.42 bln - LSEG ** Forecasts annual organic net sales to be at low end of its earlier range of flat to down 2% ** Sees annual adj EPS to be at low end of prior forecast of $3.01 to $3.0
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Kraft Heinz trims 2024 forecasts on Lunchables drag, tepid demand

UPDATE 4-Kraft Heinz trims 2024 forecasts on Lunchables drag, tepid demand Narrows 2024 organic sales, profit and margin forecasts Posts bigger-than-expected drop in Q3 net sales Expects slower recovery in Lunchables due to negative publicity Shares down more than 3% in early trade Adds details from earnings call in paragraph 5 By Savyata Mishra Oct 30 (Reuters) - Kraft Heinz KHC.O on Wednesday tempered its annual forecasts for organic sales and profit as repeated price hikes hurt demand for the
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Kraft Heinz misses quarterly revenue estimates on waning demand

Kraft Heinz misses quarterly revenue estimates on waning demand Oct 30 (Reuters) - Kraft Heinz KHC.O on Wednesday posted a steeper-than-expected fall in quarterly revenue as demand stayed weak for its branded meal kits and snacks with consumers trading down to cheaper, private-label alternatives. The packaged food giant's net sales fell 2.8% to $6.38 billion, compared with analysts' estimates of $6.42 billion, according to data compiled by LSEG.
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Kraft Heinz Q3 Adjusted EPS USD 0.75 Vs. IBES Estimate USD 0.74

BRIEF-Kraft Heinz Q3 Adjusted EPS USD 0.75 Vs. IBES Estimate USD 0.74 Oct 30 (Reuters) - Kraft Heinz outlook FY adjusted EPS USD 3.01-3.07.
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Alphabet beats and Treasuries rally

MORNING BID AMERICAS-Alphabet beats and Treasuries rally A look at the day ahead in U.S. and global markets from Mike Dolan Markets struggling which way to look will be dizzy again in an event-strewn Wednesday but the spotlight first thing drops on Alphabet's GOOGL.O impressive earnings beat and a relief-rally in election-bruised U.S. Treasuries. A critical fortnight for investors includes next week's U.S.
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What to Watch in the Day Ahead - Wednesday, October 30

What to Watch in the Day Ahead - Wednesday, October 30 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT On the U.S. economic front, the Commerce Department's Bureau of Economic Analysis' advance estimate of the gross domestic product (GDP) is expected to show that the economy grew at a 3% pace i
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Kraft Heinz Announces New Member Of Board Of Directors

BRIEF-Kraft Heinz Announces New Member Of Board Of Directors Oct 28 (Reuters) - Kraft Heinz Co KHC.O : KRAFT HEINZ ANNOUNCES NEW MEMBER OF BOARD OF DIRECTORS KRAFT HEINZ: DEBBY SOO APPOINTED TO BOARD OF DIRECTORS EFFECTIVE OCTOBER 24, 2024. Source text: ID:nBw2wTblna Further company coverage: KHC.O
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What to Watch in the Week Ahead and on Monday, October 28

What to Watch in the Week Ahead and on Monday, October 28 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT ON MONDAY Ford is expected to report higher third-quarter revenue and profit, aided by sales of its commercial vehicles.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: TFG, Evergrande New Energy Vehicle, Fnac Darty Updates: Capri Oct 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1533 GMT on Friday: ** South African fashion and homewares retailer TFG TFGJ.J has bought UK-based fashion and lifestyle retailer White Stuff, it said, in a deal that will help it reach "critical mass".
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Oct 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Friday: ** Air France-KLM AIRF.PA wants to take part in the privatisation of Portugal's carrier TAP and is open to various options the government may offer, including purchasing a minority stake, a source familiar with the matter told Reuters.
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JBS, Sigma vie for Kraft Heinz's $3 billion hot-dog business, sources say

EXCLUSIVE-JBS, Sigma vie for Kraft Heinz's $3 billion hot-dog business, sources say Deal could fetch nearly $3 billion Kraft Heinz looking to reshuffle portfolio to focus on healthy products Deal several weeks away from being finalized if successful By Abigail Summerville NEW YORK, Oct 24 (Reuters) - Brazilian meatpacker JBS JBSS3.SA and Mexico's Sigma Alimentos are among those competing to acquire Oscar Mayer, the hot dogs and cold cuts business of packaged food giant Kraft Heinz KHC.O , accord
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JDE Peet's shares surge after JAB increases majority stake in $2.4 bln deal

UPDATE 2-JDE Peet's shares surge after JAB increases majority stake in $2.4 bln deal Adds share move and company comment By Leo Marchandon Oct 21 (Reuters) - Shares in Dutch coffee maker JDE Peet's JDEP.AS surged more than 16% after German conglomerate JAB said on Monday it will increase its majority stake to 68% by acquiring all of Mondelez's MDLZ.O shares in a 2.2 billion euro ($2.4 billion) deal.
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