Kraft Foods
American food and beverage company
Follow Kraft Foods on Notably News to receive short updates to your email — rarely!
| February 2024 | A complete colour tape recording of the first Music Hall show from 1958 was discovered at Milton Berle's estate, providing significant historical documentation of early television. |
| December 1 2023 | A federal jury in Illinois awarded Kraft Heinz and other food companies $17.8 million in a lawsuit against Cal-Maine Foods, Inc. over allegations of egg price fixing, which Cal-Maine Foods continues to contest. |
| 2022 | Company showed recovery with net income increasing to $2,368 million and revenue reaching $26,485 million |
| July 2022 | Reports leaked that Kraft Heinz would not renew naming rights for Heinz Field in Pittsburgh. |
| January 19 2022 | Completed acquisition of an 85% stake in Germany-based Just Spices GmbH, a spice and blend company with approximately €60 million annual sales. |
| November 10 2021 | U.S. Justice Department approved Lactalis cheese business acquisition with conditions to divest Athenos and Polly-O brands. |
| September 2021 | Kraft Heinz was fined $62 million to settle an SEC probe into improper claims of $200 million in cost savings, forcing the company to restate financial results for 2015-2018. |
| September 2021 | Announced acquisition of Hemmer, a Brazilian condiments and sauces company, and agreement to purchase Assan Foods, a Turkish sauce company. |
| February 11 2021 | Announced plans to sell its nuts business, including the Planters brand to Hormel for $3.35 billion, which was completed on June 7. |
| 2020 | Despite challenges, Kraft Heinz maintained operations with net income of $1,032 million and stock price dropping to $34.66, with workforce reduced to 38,757 employees |
| September 2020 | Reached a deal to sell part of its cheese business to Lactalis for $3.2 billion, including several cheese brands. |
| September 2020 | Kraft Heinz announced a new enterprise strategy to cut $2 billion in costs over five years, projecting 4% to 6% adjusted earnings per share growth, which resulted in stock upgrades by CFRA and Guggenheim. |
| September 15 2020 | Announced a new Strategic Transformation Plan with the purpose 'Let's Make Life Delicious' and released an updated Environmental Social Governance (ESG) report. |
| August 2019 | Kraft Heinz announced $1.22 billion in additional writedowns and brought back former CFO Paulo Basilio to replace David Knopf. |
| July 2 2019 | Sold its Canadian natural cheese business to Parmalat for C$1.62 billion. |
| June 2019 | Reached a milestone by achieving a 100 percent Corporate Equality Index score from the Human Rights Campaign. |
| April 2019 | Announced Miguel Patricio would replace Bernardo Hees as CEO of Kraft Heinz. |
| February 21 2019 | Kraft Heinz received an SEC subpoena investigating the company's accounting policies and internal controls, cut dividend from 62.5 to 40 cents per share, and recorded a net loss of $12.61 billion. |
| January 30 2019 | Completed sale of Indian nutritional beverage assets to Zydus Wellness. |
| 2018 | Kraft Heinz ranks 114th in the Fortune 500 list based on 2017 total revenue. |
| 2018 | The company suffered a significant financial loss, with a net income of -$10,200 million |
| October 24 2018 | Announced the sale of its Indian nutritional beverage assets, including Complan and Glucon-D, to Zydus Wellness. |
| September 2018 | Kraft Heinz's market capitalization was valued at over $136 billion, with shares trading at over $61 per share. |
| May 2018 | Launched Springboard Brands, a business focused on growing organic, natural, and 'super-premium' food brands. |
| March 9 2018 | New Zealand's Commerce Commission approved the Cerebos Pacific purchase, with conditions to sell certain brand licenses. |
| 2017 | A legal claim challenging the Kraft Parmesan Cheese label as misleading was rejected by judges, with the court determining that a 'reasonable consumer' would understand the product contains preservatives and is not 100% pure cheese. |
| 2017 | Kraft Heinz reported annual earnings of $11.0 billion with revenue of $26.2 billion, experiencing a 0.6% decline from the previous fiscal cycle. |
| October 19 2017 | Kraft Heinz announced the acquisition of Cerebos Pacific, including Saxa salt, Gregg's, and Bisto brands from Suntory. |
| February 17 2017 | Kraft Heinz attempted a $143 billion takeover of Unilever, which was declined and subsequently abandoned on February 19. |
| 2016 | Company experienced significant financial growth, with revenue reaching $26,487 million and net income of $3,452 million, with stock price rising to $81.91 |
| July 2 2015 | Kraft Heinz Company merger completed, becoming the world's fifth-largest food and beverage company and the third-largest in the United States. |
| 2012 | Mondelez International is split from Kraft Foods Inc., separating snack brands from grocery and food processing brands. |
This contents of the box above is based on material from the Wikipedia articles Kraft Heinz & Kraft Music Hall (TV series), which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.