From Nasdaq:

Kraft Heinz is focused on transforming its business to counter inflationary headwinds. The company is accelerating its profit and enhancing the long-term shareholders’ value through initiatives like AGILE@SCALE. The company is also undertaking strategic pricing actions to protect its margins in the face of persistent inflation. Strength in its three key pillars—Foodservice, Emerging Markets and U.S. Retail Grow platforms—bode well for Kraft Heinz.

Kraft Heinz continues to battle an inflationary environment, although the inflation continues to moderate. The company highlighted that it is seeing persistent inflation in areas like labor, tomatoes, and sugar. Despite this, the company’s transformation efforts and pricing actions are likely to continue to contribute to its growth story.

Other players in the food industry, including Sysco Corporation, Flowers Foods, Inc, and Lamb Weston Holdings, Inc. are also grappling with inflationary headwinds. Each is encountering product cost inflation to a certain degree, which poses concerns for these companies in the near term.

Source: https://www.nasdaq.com/market-activity/stocks/khc



Read more: Kraft Heinz’s (KHC) Pricing & Transformation Efforts Solid