Latest news with #KraftHeinzCompany
The Age
7 days ago
- Business
- The Age
Packaging industry calls for fourth household bin to boost recycling
However, the result of the breakages meant that half of the glass collected in kerbside bins was lost and unable to be recycled. The second problem was that shards of broken glass became embedded in cardboard and paper, and were then sent to the mill for paper recycling where fragments would wind up being ground up, like 'pouring sand' in the machinery. De Wit said on average, for every tonne of paper going into a paper mill from a material recycling facility, 20 kilograms or 2 per cent was glass. The Victorian government started rolling out purple-lidded kerbside bins for glass recycling several years ago, and it is slated to be standard across the state in 2027. However, about 30 councils have called for the state government to ditch purple bins and expand the container deposit scheme instead, citing cost and the issue of where residents would keep the fourth bin. The National Kerbside Collections Roadmap does not state whether there should be a dedicated glass recycling bin but specifies that the colour should be purple, along with red for landfill, yellow for mixed recycling, and green for food and garden organic waste. De Wit also called for the eight different container deposit schemes around Australia to have the same rules, a point made by several attendees, which included some of Australia's biggest consumer companies: Arnott's Biscuits, the Kraft Heinz Company, Lion, PepsiCo, Nestle and Unilever. Asahi group chief executive Amanda Sellers said it was important to increase the number of return points to make it more convenient, and to expand the scheme to include wine and spirits bottles and food-grade packaging. 'Every scheme is different, and that does present some challenges for large and small business alike,' Sellers said. Lisa Rippon-Lee, vice president of public affairs, communications and sustainability for Coca-Cola Europacific Partners, said harmonisation was critical given there were eight schemes and six portals. 'We have 800 to 900 barcodes in Queensland and they all have to be registered through the portal, and that happens six times,' Rippon-Lee said. 'The administrative burden of working with all of those schemes is huge.' Rippon-Lee said improving collection rates would bring down the cost of recycled plastic, which was currently more expensive than virgin plastic. Loading Watt said he would work with the states and territories but could not 'bully or cajole' them. 'It's one of the joys of the federation, and there are some states that are further ahead than others in different parts, but there is a role for the federal government to play that national leadership role,' Watt said.
Sydney Morning Herald
7 days ago
- Business
- Sydney Morning Herald
Packaging industry calls for fourth household bin to boost recycling
However, the result of the breakages meant that half of the glass collected in kerbside bins was lost and unable to be recycled. The second problem was that shards of broken glass became embedded in cardboard and paper, and were then sent to the mill for paper recycling where fragments would wind up being ground up, like 'pouring sand' in the machinery. De Wit said on average, for every tonne of paper going into a paper mill from a material recycling facility, 20 kilograms or 2 per cent was glass. The Victorian government started rolling out purple-lidded kerbside bins for glass recycling several years ago, and it is slated to be standard across the state in 2027. However, about 30 councils have called for the state government to ditch purple bins and expand the container deposit scheme instead, citing cost and the issue of where residents would keep the fourth bin. The National Kerbside Collections Roadmap does not state whether there should be a dedicated glass recycling bin but specifies that the colour should be purple, along with red for landfill, yellow for mixed recycling, and green for food and garden organic waste. De Wit also called for the eight different container deposit schemes around Australia to have the same rules, a point made by several attendees, which included some of Australia's biggest consumer companies: Arnott's Biscuits, the Kraft Heinz Company, Lion, PepsiCo, Nestle and Unilever. Asahi group chief executive Amanda Sellers said it was important to increase the number of return points to make it more convenient, and to expand the scheme to include wine and spirits bottles and food-grade packaging. 'Every scheme is different, and that does present some challenges for large and small business alike,' Sellers said. Lisa Rippon-Lee, vice president of public affairs, communications and sustainability for Coca-Cola Europacific Partners, said harmonisation was critical given there were eight schemes and six portals. 'We have 800 to 900 barcodes in Queensland and they all have to be registered through the portal, and that happens six times,' Rippon-Lee said. 'The administrative burden of working with all of those schemes is huge.' Rippon-Lee said improving collection rates would bring down the cost of recycled plastic, which was currently more expensive than virgin plastic. Loading Watt said he would work with the states and territories but could not 'bully or cajole' them. 'It's one of the joys of the federation, and there are some states that are further ahead than others in different parts, but there is a role for the federal government to play that national leadership role,' Watt said.
Yahoo
12-07-2025
- Business
- Yahoo
What You Need to Know Ahead of Kraft Heinz's Earnings Release
Pittsburgh, Pennsylvania-based The Kraft Heinz Company (KHC) manufactures and markets food and beverage products. With a market cap of $31.3 billion, the company distributes dairy products, sauces, flavored milk powders, and other products. The food giant is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Wednesday, Jul. 30. Ahead of the event, analysts expect KHC to report a profit of $0.64 per share on a diluted basis, down 18% from $0.78 per share in the year-ago quarter. The company has consistently surpassed Wall Street's EPS estimates in its last four quarterly reports. Creating a 38% 'Dividend' on SOFI Stock Using Options Joby Aviation Just Hit a New 52-Week High. Should You Buy the Flying Car Stock Here? Nvidia Stock Regains Momentum. Is It Time to Buy, Sell, or Hold NVDA? Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now! For the full year, analysts expect KHC to report EPS of $2.57, down 16% from $3.06 in fiscal 2024. However, its EPS is expected to rise 3.1% year over year to $2.65 in fiscal 2026. KHC stock has underperformed the S&P 500 Index's ($SPX) 11.5% gains over the past 52 weeks, with shares down 17.1% during this period. Similarly, it underperformed the Consumer Staples Select Sector SPDR Fund's (XLP) 4.8% gains over the same time frame. On Apr. 29, KHC shares closed up marginally after reporting its Q1 results. Its adjusted EPS of $0.62 beat Wall Street expectations of $0.60. The company's revenue was $6 billion, matching Wall Street forecasts. KHC expects full-year adjusted EPS in the range of $2.51 to $2.67. Analysts' consensus opinion on KHC stock is cautious, with a 'Hold' rating overall. Out of 20 analysts covering the stock, 17 advise a 'Strong Buy' rating, one gives a 'Moderate Sell,' and two recommend a 'Strong Sell.' KHC's average analyst price target is $28.95, indicating a potential upside of 9.4% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Business Wire
10-07-2025
- Business
- Business Wire
Kraft Heinz Announces Agreement to Sell Italian Baby and Specialty Food Business to Italy's NewPrinces Group
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) ('Kraft Heinz' or the 'Company') announced today that it has entered into an agreement to sell its infant and specialty food business in Italy to NewPrinces S.p.A. ('NewPrinces' and, together with its subsidiaries, the 'NewPrinces Group'), one of the country's leading food and beverage proposed transaction is expected to close at the end of 2025, subject to regulatory review and approval. The agreement will see NewPrinces purchase the infant food brands Plasmon, Nipiol and Dieterba, and specialty food brands Aproten and Biaglut. It also includes the purchase of Kraft Heinz's production facility in Latina, Italy, which manufactures products for some of these brands. 'This marks an important milestone in driving our strategy across Europe and the Pacific, enabling us to fuel investment and growth in our core areas, and enhance focus on our Accelerate platforms,' says Willem Brandt, President, Europe and Pacific Developed Markets, Kraft Heinz. 'It's a great example of how we're intentionally and proactively managing our portfolio to accelerate organic growth and drive sustainable, long-term value.' The transaction supports Kraft Heinz's strategy to drive profitable growth through its Accelerate platforms, which include HEINZ Tomato Ketchup and other 'Taste Elevation' products, such as mayo, table sauces, culinary products, and pasta sauces. In Italy, HEINZ has continued to see consistent growth across Retail and Away from Home channels, significantly increasing market share in the Taste Elevation category. Located in the Lazio region of central Italy, Kraft Heinz's Latina factory employs around 300 people who make approximately 1.8 billion biscuits per year for Italy's Plasmon brand. The factory and its employees will continue to operate as usual under NewPrinces ownership after the transaction is completed. 'I'm confident this portfolio of iconic brands will thrive in the capable hands of the NewPrinces Group – a market leader in the food and beverage industry, including in specialised nutrition, with a strong Italian heritage and ambitious growth plans,' says Carmela Bazzarelli, Managing Director, Kraft Heinz Italia. 'We remain committed to Italy and growing our iconic HEINZ brand across the country.' The NewPrinces Group is a specialised food and beverage company with a global supply network offering a wide range of branded and private label products across the UK and Europe. Formerly known as Newlat Food, the Group was rebranded as NewPrinces Group following its acquisition of Princes Limited in 2024. Its portfolio includes well-known brands such as Princes, Napolina, Delverde, Branston (beans), Flora, and more. The Kraft Heinz Company was advised by Houlihan Lokey as financial advisor, and Chiomenti and Gibson Dunn as legal counsel. EY provided transaction support. Kraft Heinz is now entering a mandatory consultation period with the local unions in Italy. ABOUT THE KRAFT HEINZ COMPANY We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let's Make Life Delicious. Consumers are at the center of everything we do. With 2024 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we're dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting or following us on LinkedIn. Forward-Looking Statements This press release contains a number of forward-looking statements. Words such as 'believe,' 'expect,' 'intend,' 'focus,' 'accelerate,' 'grow,' 'will,' 'drive,' 'enhance,' 'create,' and variations of such words and similar future or conditional expressions are intended to identify forward-looking statements. These statements include, but are not limited to, statements about the assets included in the proposed sale, that the sale is subject to customary closing conditions including regulatory clearances, the anticipated number of affected employees, the timing of closing, expected benefits of the proposed sale, impacts of the proposed sale on the Company's business, financial results, opportunities, and future plans, and other statements that are not historical facts, each of which is based on the Company's current beliefs, expectations, estimates, and projections. These forward-looking statements are subject to a number of risks and uncertainties, many of which are difficult to predict and beyond the Company's control, which could cause actual results to differ materially from those indicated in the forward-looking statements. Those factors include, but are not limited to, the timing of or failure to obtain necessary regulatory approvals or to satisfy any of the other conditions to the sale, the Company's ability to achieve intended benefits of the sale, the expected costs of the transaction, the success of business transitions, and the risk factors set forth in the Company's filings with the Securities and Exchange Commission, including the Company's most recently filed Annual Report on Form 10-K and subsequent reports on Forms 10-Q and 8-K. The Company disclaims and does not undertake any obligation to update, revise, or withdraw any forward-looking statement in this press release, except as required by applicable law or regulation.
Yahoo
17-06-2025
- Business
- Yahoo
Kraft Heinz to remove all artificial dyes from its products by end of 2027
The Kraft Heinz Company said it will remove all artificial dyes from its products by the end of 2027 and will not launch any new products with those ingredients. The company said in a press release that about 10% of its products still use FD&C colors, the additives that make foods more visually appealing. A spokesperson told CNBC the products that still use the dyes include Crystal Light, Kool-Aid, MiO, Jell-O and Jet-Puffed. 'The vast majority of our products use natural or no colors, and we've been on a journey to reduce our use of FD&C colors across the remainder of our portfolio,' said Pedro Navio, North America President at Kraft Heinz. The company removed artificial colors, preservatives and flavors from its Kraft Mac & Cheese in 2016, and its Heinz Tomato Ketchup has never used artificial dyes, Navio said. Kraft Heinz said it is also working with licensees of its brands to encourage them to remove FD&C colors. In April, U.S. health officials said they would urge food makers to phase out petroleum-based artificial colors in the nation's food supply The FDA currently allows 36 food color additives, including eight synthetic dyes. In January, the agency announced that Red 3, the popular food dye that gives cherry-flavored drinks and foods the vibrant red color, will be banned in food by 2027 because it caused cancer in laboratory rats. Download the FREE WPXI News app for breaking news alerts. Follow Channel 11 News on Facebook and Twitter. | Watch WPXI NOW
