Company Overview of Kraft Heinz Intermediate Corporation II
Kraft Heinz Intermediate Corporation II manufactures and sells various food products to consumers, and foodservice and institutional customers in North America, Europe, the Asia/Pacific, Latin America, the Russian Federation, India, the Middle East, and Africa. Its principal products include ketchup, condiments and sauces, frozen food products, soups, beans and pasta meals, infant nutrition products, and other food products, as well as frozen potatoes, entrées, snacks, and appetizers. The company offers its products under the Heinz, Classico, Jack Daniel’s, Wyler’s, Heinz Bell ’Orto, Chef Francisco, Ore-Ida, Bagel Bites, Weight Watchers Smart Ones, Poppers, T.G.I. Friday’s, Delimex, Escalon,...
One PPG Place
Pittsburgh, PA 15222
Founded in 1869
Key Executives for Kraft Heinz Intermediate Corporation II
Zone President of Heinz Europe
Zone President for Heinz North America
UK & Ireland Managing Director
General Counsel and Member of Corporate Governance Committee
Compensation as of Fiscal Year 2016.
Kraft Heinz Intermediate Corporation II Key Developments
H. J. Heinz Company Announces Earnings Results for the First Quarter of 2015; Provides Earnings Guidance for the Full Year of 2015
May 8 15
H. J. Heinz Company announced earnings results for the first quarter of 2015. For the quarter, the company reported net income was $279.2 million compared with $198.5 million a year ago. EBITDA was $627.7 million compared with $583.6 million a year ago. Adjusted EBITDA was $651.3 million compared with $688.8 million a year ago. Net revenue was $2,477.9 million compared with $2,800.2 million a year ago. The decline in organic net revenues primarily reflected a comparison with unusually high product shipments in the prior year period, as the company shipped safety stock to retailers ahead of the commencement of SAP implementation efforts in North America in second quarter 2014, as well as the ongoing impact of product rationalization. Net debt was $11,728 million compared with $12,316 million a year ago. LTM Adjusted EBITDA was $2,802 million compared with $2,282 million a year ago. Provision for income tax was $67.6 million compared with $50.6 million a year ago.
For full-year 2015, the company continues to expect that adjusted EBITDA will increase on a nominal basis relative to full-year 2014 EBITDA of $2.84 billion despite an anticipated ongoing unfavorable impact from foreign currency. This performance will be mainly driven by the continuation of cost savings programs, net price gains in developed markets, and category growth in emerging markets.
Heinz Launches New, Better-Tasting Yellow Mustard
Apr 16 15
Heinz is launching a new, better-tasting yellow mustard than it’s ever offered before at retailers nationwide for the first time. Heinz will unveil a 360 advertising campaign, “Ketchup’s Got a New Mustard”, touting Heinz Ketchup’s new main squeeze: Heinz’ New Yellow Mustard. Using 100% natural ingredients, including stone-ground mustard seeds and a secret blend of spices and vinegar, Heinz’ new yellow mustard recipe delivers a perfect balance of flavor and tang. The national launch of this new recipe is being supported by a campaign to drive unparalleled awareness within the mustard category. Heinz Yellow Mustard is available in 8oz, 14oz, and 20oz upside-down squeeze bottles at retailers nationwide, including Walmart and Target locations, for a suggested retail price starting at $1.69.
H.J. Heinz Co Reports Earnings Results for the Year 2014
Mar 14 15
H.J. Heinz Co reported earnings results for the year 2014. For the period, the company posted a much stronger profit reporting $657 million in net income compared to $18 million a year earlier when the Pittsburgh food company changed hands and incurred hefty restructuring costs. Overall sales dropped from $11.44 billion in 2013 to $10.92 billion last year, driven by a number of factors including currency exchange rates and fewer sales.
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