Latest news with #HeinzKetchup
New York Post
3 days ago
- Business
- New York Post
Shoppers to see higher prices on everything from toilet paper to candy as businesses pass on tariff costs
Shoppers at supermarkets should expect to fork over extra cash on everyday goods from toilet paper and toothpaste to chocolate bars and ketchup as companies pass on the added cost from President Trump's tariffs. Procter & Gamble – known for its household staples – announced it will raise prices on about a quarter of its products in the US to counter a mega $1 billion tariff impact. The higher prices will appear next month in the mid-single digit percentages, according to Chief Financial Officer Andre Schulten. Advertisement P&G sells baby care and diapers from brands like Luvs and Pampers, detergent from Tide and Gain, Bounty paper towels, Puffs tissues and Charmin toilet paper, as well as pads, tampons and razors. 5 Procter & Gamble sells Bounty paper towels. Getty Images Hershey, which owns candy bar brands Reese's and Kit Kat, said it will be raising prices by double-digits as historically high cocoa costs and a massive tariff hit is expected to put a $180 million dent in its profit margins. Advertisement Kraft Heinz – which sells Heinz Ketchup, Kraft Macaroni & Cheese and Jell-O products – said it has been forced to hike prices more than initially planned to offset a steep drop in sales as shoppers grow anxious. Trump has imposed a 10% baseline tariff on countries with which the US had a trade surplus, while others with a deficit – about 40 nations – will pay a 15% rate. About a dozen countries will face rates higher than 15%. Adidas warned it may hike US prices on its sneakers as it disclosed an estimated $231 million in extra tariff costs. 5 Charmin toilet paper and Pepto Bismol are owned by Procter & Gamble. Getty Images Advertisement 'What I'm mostly worried about, to be honest, is not only the cost but it's what is going to be the consumer reaction in the market with all these price increases that I think will come not only in our sector, but in general in the US,' CEO Bjorn Gulden said. The company said it has not yet decided whether to raise prices because there is so much uncertainty with Trump's tariffs in flux. Luxury firms are planning to raise prices, like German fashion house Hugo Boss, which will release products at an even higher price point in its Spring 2026 collection. Cheap fast-fashion sites like Shein and Temu are expected to slap higher prices on their products after Trump axed a lucrative trade loophole that allowed low-value goods to skip customs and enter the US duty-free. Advertisement 5 Kraft Heinz owns Kraft Macaroni & Cheese products. sheilaf2002 – 'There's all kinds of games companies are starting to play now as they get creative,' Rita McGrath, strategic management scholar and professor at Columbia Business School, told The Post. Some firms are sneakily re-labeling their products – like passing off sneakers as slippers, which face lower tariffs – to avoid having to raise their prices, she said. Others are taking advantage of bond warehouses, where imported goods can be stored without paying tariffs until the items are released for sale. '[They're] playing this advanced game of chicken where they're saying, 'Well, maybe he [Trump] doesn't mean it this month and maybe he won't next month, so we'll import stuff and put it on ice in our warehouse and hope the tariffs go down by the time we absolutely, positively have to sell things,'' McGrath said. 5 A customer browsing Adidas sneakers at a store in New York City. SARAH YENESEL/EPA-EFE / Shutterstock Automakers like Germany's Porsche have already hiked prices, citing a $462 million hit from tariffs with a dire warning from CEO Oliver Blume that this 'is not a storm that will pass.' The Volkswagen-controlled company faces a 15% tariff on imported vehicles and car parts as part of the trade deal between the US and EU. Advertisement While lower than the 27.5% rate Trump initially threatened, it's still higher than the 2.5% duty that was in place before Trump took office. Major Detroit automakers Stellantis – which owns Jeep, Ram and Dodge – and Ford have hiked their estimated impacts from tariffs to $1.7 billion and $3 billion, respectively. 5 Porsche said it has already hiked US prices as it faces a $462 million hit from tariffs. Felix Mizioznikov – Luxury British carmaker Aston Martin said it has been increasing prices in the US since last month, while Japanese automaker Mazda estimated a $987 million hit. Advertisement As for whether these prices will ever come down again, McGrath said, 'generally, they don't. You don't usually see price deflation once a consumer group has gotten used to paying them.'
Yahoo
20-05-2025
- Business
- Yahoo
Heinz will now 'verify' restaurants that use their ketchup, including in Pittsburgh
Uber Eats will now show if a restaurant serves Heinz Ketchup in some markets as part of a broader 'Heinz Verified' campaign. Included in those markets is the ketchup's hometown Pittsburgh. 'By introducing Heinz Verified, we want to help restaurants succeed so communities can thrive, delivering quality and value for both restaurants and individuals through meaningful, best-in-class products and experiences,' Kraft Heinz North America President of Elevation Peter Hall said in a prepared statement. 'Our ambition is to help restaurant operators excel while also providing elevated dining experiences for people wherever they eat away from home.' Heinz cited a customer survey conducted in December of last year that found that '84% of people say they would like a restaurant more if it served Heinz ketchup,' a statistic that ultimately inspired the initiative. Beyond Pittsburgh, Uber Eats will roll the verification out in Chicago, Dallas, Denver, Los Angeles and Miami. Accompanying this program, Kraft Heinz has produced a new series called 'Daytrippin' that will be packaged for streaming platforms andYouTube. Actor and social media star Steven He will host, and the series will feature Pittsburgh's food scene. Click here to read more from our partners at the Pittsburgh Business Times. Download the FREE WPXI News app for breaking news alerts. Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW
What's On
24-04-2025
- Business
- What's On
Saucy sachet swaps: Heinz and the great Dubai ketchup amnesty
Sponsored: How Heinz solved the problem of ketchup sachet stockpiles… Have you got enough random ketchup sachets in your kitchen cabinets to sustain yourself through a simulated siege scenario? Are they all stacked like a condominium of condiments at the back of your cupboards or scattered in the miscellaneous trays of your fridge (which is a debate worth having, but we'll save for later)? Fret not, for you are not alone friends. We're talking specifically here about the little sauce-filled Alcatraz packets that are nigh impossible to break into. Ingress is usually only possible by tearing off progressively smaller shreds of the top corners with your teeth – either yielding an insufficient, itinerant stream of ketchup or an immediate, room-repainting mortar bombardment of it. A perfect metaphor for their appearance in takeaway bags. You either get none or an amount that suggests the person that was packing your food was attempting to single-handedly exhaust the world's supply of sauce packets, dumping impossible quantities in with every order. We won't squeeze silently in the dark any longer. And neither will arch ketchup ambassador, Heinz. They're using their sachet caché in the most positive and ingeniously creative way. There's a ketchup swap vending machine is at Dubai Airport Free Zone Food Court today, so now you can exchange your old, dog-eared sachets for brand new bottles of Heinz's alpha salsa – tomato ketchup. You'll need five sachets of takeaway bag detritus to exchange for a brand new bottle of Heinz Ketchup, but that's about the best currency exchange deal we've heard of since the USD 5 Bitcoin. Keep your eyes glued to the @heinzarabia socials form more… Images: Provided > Sign up for FREE to get exclusive updates that you are interested in
Yahoo
20-03-2025
- Business
- Yahoo
The Kraft Heinz Company (KHC): Among Defensive Dividend Stocks To Buy During Market Sell Off
We recently published a list of . In this article, we are going to take a look at where The Kraft Heinz Company (NASDAQ:KHC) stands against other defensive dividend stocks to buy during market sell off. The importance of defensive dividend stocks only becomes clear when the broader market is taking a hit. The S&P is down nearly 8% in a month while Nasdaq has lost over 11.41%. Investors are wondering how to protect themselves from volatility and the answer lies in defensive stocks. Here is a key distinction investors must understand. Growth stocks rely on price appreciation to generate shareholder returns, something that is hard to achieve when the broader market is facing a severe sell-off. Dividend stocks, on the other hand, became more attractive. They not only help reduce the volatility but as their price goes down, their yield becomes more attractive. We therefore decided to identify the best stocks for such a scenario. To come up with the list of 10 defensive dividend stocks to buy during a market sell-off, we only considered stocks belonging to the Consumer Defensive sector with a market cap of at least $2 billion and a dividend yield of at least 3%. A closeup of an assembly line worker inspecting a newly produced jar of condiments and sauces. The Kraft Heinz Company manufactures and sells beverages and food products globally. The company is well known for its sauces and condiments, especially the globally known 'Heinz Ketchup'. The company's stock has an attractive dividend yield of 5.29%. KHC is one of those stocks that enjoys the backing of Warren Buffet's Berkshire Hathaway. However, it has disappointed investors for years, trading sideways for about 5 years now. However, with the broader market trading at record valuations, a 5.29% yield is better than putting your money in the bank. But that's not why investors should buy this stock. The business is improving and here's how. During the last 5 years, the company has continuously paid down its debt, reducing it by one-third approximately. The negative effects of the debt are further reduced by an improved operating cash flow. The cash flow to debt ratio has increased from 0.1 to 0.2 in 5 years, showcasing how the company has reduced its debt risk. At a 16.2% cash flow to sales ratio, investing for the turnaround is worth it. Any little price appreciation will add significantly to the already strong dividend yield. Overall, KHC ranks 1st on our list of defensive dividend stocks to buy during market sell off. While we acknowledge the potential of KHC as a leading investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns, and doing so within a shorter time frame. If you are looking for an AI stock that is as promising as KHC but that trades at less than 5 times its earnings, check out our report about the cheapest AI stock. READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires Disclosure: None. This article is originally published at Insider Monkey.
CBS News
12-03-2025
- Entertainment
- CBS News
Heinz introduces a new, limited edition "Heinz Chip Dip"
For Pittsburghers, there is no choice when it comes to ketchup other than Heinz. Whether it's for fries, hashbrowns, eggs, or anything in between, Heinz ketchup is usually on the side. Now, they're offering ketchup lovers a new way to enjoy their favorite condiment. Heinz Chip Dip is a limited-edition, wide-mouth jar which can be used for chips! "Fries and ketchup have always been a beloved combination, but for some reason, the potato chip has long been overlooked," said Keenan White, Senior Brand Communications Manager for Heinz. "It truly makes no sense…as fried potatoes of any kind, they're both equally deserving of being dipped in Heinz Ketchup. Chip Dip is all about embracing fans' irrational love for ketchup and giving them a new way to enjoy it." According to a survey of 1,000 Americans, nearly all of them said they dip their fries in ketchup, but less than 10% said they dip chips in ketchup, and now Heinz is changing that. Described as "pop, dip, and enjoy" Heinz Chip Dip is now available nationwide while supplies last. Heinz is also asking fans of the new product to share their review on social media using the hashtag #HeinzChipDipChallenge and have said if there's a solid enough reaction to the new product, it could go from limited edition to permanent. Check out more about the product at this link.
