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Kraft Heinz has reported a 3.3% decrease in its Q4 net sales to $6.71 billion and warned of considerable future price increases to counter raw material and transportation costs. The owner of Heinz Ketchup and Philadelphia recorded full-year organic sales growth of 1.8%. Packaged food companies such as Kraft Heinz, Conagra and Kellogg continue to grapple with the surging cost of grains, meat and edible oils, as well as other commodities. Miguel Patricio, Kraft Heinz CEO, commented: "Our strategic transformation has powered another year of outstanding performance. Our achievements are proof that our scale and agility have led to better results and greater relevance with customers and consumers." The company predicts a low-single-digit percentage increase in its organic net sales for 2022, which will reflect continued healthy consumption versus pre-pandemic levels. Kraft Heinz's ongoing efforts to manage inflationary pressures will continue as it perseveres with its investments in long-term growth. "We are generating efficiencies to fuel incremental investments in our business, which, along with successful pricing, are mitigating inflationary pressures. I'm proud of our incredible team and have great confidence that we will build on our momentum in 2022," Patricio continued.