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THE KRAFT HEINZ COMPANY

(KHC)
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Kraft Heinz : Macaroni & cheese-flavored ice cream debuts

07/15/2021 | 03:10pm EDT

A cheesy ice cream has debuted.

Brooklyn-based Van Leeuwen Ice Cream churned the cheesiness of Kraft Macaroni and Cheese into their ice cream to create the Kraft Macaroni & Cheese-flavored ice cream, according to a Kraft Heinz Company statement.

"We know that there is nothing more refreshing on a hot summer day than ice cream," Kraft Macaroni & Cheese Sr. Associate Brand Manager Emily Violett said in the statement. "That is why we wanted to combine two of the most iconic comfort foods to create an ice cream with the unforgettable flavor of Kraft Macaroni & Cheese we all grew up with."

"As big fans of Van Leeuwen, we knew they'd be the perfect partner to create this ice cream with us. Not only does it taste delicious, but it's also made with high quality ingredients and contains no artificial flavors, preservatives, or dyes just like our Kraft Macaroni & Cheese," Violett added.

The macaroni and cheese maker, which merged with Heinz six years ago to form North America's third-largest food and beverage company, announced the rollout of the limited-edition ice cream earlier this week to coincide with National Macaroni & Cheese Day.

The limited-edition ice cream had an "overwhelming response," according to an Instagram post, and is already listed as sold out on Van Leeuwen Ice Cream's website.

Copyright 2021 United Press International, Inc. (UPI). Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent., source Quirks in the News

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Financials (USD)
Sales 2021 25 344 M - -
Net income 2021 2 857 M - -
Net Debt 2021 18 471 M - -
P/E ratio 2021 17,8x
Yield 2021 4,42%
Capitalization 44 311 M 44 311 M -
EV / Sales 2021 2,48x
EV / Sales 2022 2,54x
Nbr of Employees 38 000
Free-Float 53,7%
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Mean consensus HOLD
Number of Analysts 20
Last Close Price 36,22 $
Average target price 41,47 $
Spread / Average Target 14,5%
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Managers and Directors
Miguel Patricio Chief Executive Officer & Director
Paulo Basilio Chief Financial Officer
Alexandre Behring da Costa Chairman
Flavio Torres Head-Global Operations
Gregory Edward Abel Independent Director
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