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The Kraft Heinz Company’s (KHC - Free Report) Cracker Barrel Cheese brand recently came up with a ‘New Cracker Barrel Oven Baked Macaroni & Cheese’ product. The item is available in flavors like Sharp Cheddar, Sharp White Cheddar and Cheddar Havarti.
This new range of products contains no artificial flavors or dyes and is easy to prepare. Kraft Heinz regularly innovates keeping in mind the shift in consumer preference toward organic and nutritional food. Recently, it introduced products like Cheesecake Cups and Bagel Chips & Cream Cheese Dips under its Philadelphia brand.
In keeping with the growing health awareness, Kraft Heinz launched organic Capri-Sun juices and Mac & Cheese dinner (under its Cracker Barrel brand) in 2016. It also renovated the Kool-Aid Jammers product with fewer calories and no preservatives and added a new line of Classico Riserva branded premium pasta sauces made with no artificial ingredients or extra sugar. Further, frozen meals with enhanced nutrition is slated for launch this year.
Notably, in 2017, Kraft Heinz is focused on improving the performance of three key brands — Heinz, Kraft and Planters — and five global product categories, cheese being one.
Meanwhile, Kraft Heinz laid off 200 white-collar workers in Canada and the U.S. as part of its cost-saving initiatives. The company plans to save $1.7 billion in annual costs by the end of 2017 (up from $1.5 billion expected earlier), primarily focused on work-force reductions along with factory closures and consolidations. In 2016, the company realized cumulative savings of approximately $1.2 billion.
Share Price Movement
Shares of Kraft Heinz gained 5.3% year to date, comparing favorably with the 0.7% dip of the Zacks categorized Food-Miscellaneous/Diversified industry. Given its focus on innovation, marketing efforts, cost savings and productivity improvements, the stock should perform well in the quarters ahead as well.
Darling Ingredients’ earnings are expected to increase 9.1% in 2017.
ConAgra Foods surpassed estimates in three of the past four quarters, with an average beat of 10.7%.
Lancaster is expected to witness 10.1% earnings growth in fiscal 2017.
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Kraft Heinz Introduces Oven Baked Macaroni & Cheese Item
The Kraft Heinz Company’s (KHC - Free Report) Cracker Barrel Cheese brand recently came up with a ‘New Cracker Barrel Oven Baked Macaroni & Cheese’ product. The item is available in flavors like Sharp Cheddar, Sharp White Cheddar and Cheddar Havarti.
This new range of products contains no artificial flavors or dyes and is easy to prepare. Kraft Heinz regularly innovates keeping in mind the shift in consumer preference toward organic and nutritional food. Recently, it introduced products like Cheesecake Cups and Bagel Chips & Cream Cheese Dips under its Philadelphia brand.
In keeping with the growing health awareness, Kraft Heinz launched organic Capri-Sun juices and Mac & Cheese dinner (under its Cracker Barrel brand) in 2016. It also renovated the Kool-Aid Jammers product with fewer calories and no preservatives and added a new line of Classico Riserva branded premium pasta sauces made with no artificial ingredients or extra sugar. Further, frozen meals with enhanced nutrition is slated for launch this year.
Notably, in 2017, Kraft Heinz is focused on improving the performance of three key brands — Heinz, Kraft and Planters — and five global product categories, cheese being one.
Meanwhile, Kraft Heinz laid off 200 white-collar workers in Canada and the U.S. as part of its cost-saving initiatives. The company plans to save $1.7 billion in annual costs by the end of 2017 (up from $1.5 billion expected earlier), primarily focused on work-force reductions along with factory closures and consolidations. In 2016, the company realized cumulative savings of approximately $1.2 billion.
Share Price Movement
Shares of Kraft Heinz gained 5.3% year to date, comparing favorably with the 0.7% dip of the Zacks categorized Food-Miscellaneous/Diversified industry. Given its focus on innovation, marketing efforts, cost savings and productivity improvements, the stock should perform well in the quarters ahead as well.
Zacks Rank & Key Picks
Kraft Heinz carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the same industry include Darling Ingredients Inc. (DAR - Free Report) , ConAgra Foods Inc. (CAG - Free Report) and Lancaster Colony Corporation (LANC - Free Report) . All three companies carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Darling Ingredients’ earnings are expected to increase 9.1% in 2017.
ConAgra Foods surpassed estimates in three of the past four quarters, with an average beat of 10.7%.
Lancaster is expected to witness 10.1% earnings growth in fiscal 2017.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>