Kraft Heinz Affirms 2021 Adjusted EBITDA Outlook - Quick Facts

The Kraft Heinz Company (KHC) said, based on performance to date, it continues to expect to deliver 2021 adjusted EBITDA ahead of $6.1 billion. For 2022, the company expects to sustain stronger consumption versus pre-pandemic levels and maintain industry-leading margins.

Also, the company has increased price in approximately two thirds of its U.S. portfolio, and is prepared to take additional actions if input costs continue to rise.

CEO Miguel Patricio, said: "We are implementing necessary pricing actions to manage the
cost inflation we are currently seeing, including impacts likely to carry into
next year."

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Smilin' Bob's is recalling a limited amount of Smilin' Bob's Original Smoked Fish Dip products, due to undeclared egg, an allergen, the U.S. Food and Drug Administration said. The agency noted that certain Original Smoked Fish Dip was mistakenly packed in Smilin' Bob's Natural Smoked Fish Dip cups with a Original Smoked Fish Dip lid. Merck & Co., Inc., known as MSD outside the U.S. and Canada, has recalled one lot of intravenous antibiotic Cubicin (daptomycin for injection) 500 mg for the potential presence of particulate matter identified as glass particles, the U.S. Food and Drug Administration or FDA said in a statement. The National Restaurant Association or NRA shot out a letter to the U.S. Conference of Mayors suggesting that expanded outdoor dining is the need of the hour for the restaurant industry to sustain the winter. The NRA also warned that thousands of restaurants without this facility could close down very soon.
Follow RTT