THE KRAFT HEINZ COMPANY

(KHC)
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Delayed Nasdaq  -  04:00 2022-08-12 pm EDT
38.67 USD   -0.15%
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UK supermarket Tesco says some Heinz products not available due to pricing dispute

06/29/2022 | 11:11am EDT
Bottles of Heinz Tomato Ketchup, owned by the Kraft Heinz Company, are seen for sale in Queens, New York

LONDON (Reuters) - Britain's biggest supermarket group Tesco said on Wednesday some Kraft Heinz products were currently not available in its stores after the U.S. firm paused supply due to a dispute over pricing.

"We will not pass on unjustifiable price increases to our customers," Tesco said in a statement.

"We're sorry that this means some products aren't available right now, but we have plenty of alternatives to choose from and we hope to have this issue resolved soon," it added.

(Reporting by James Davey, Editing by Kylie MacLellan)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
TESCO PLC -0.60% 263.4 Delayed Quote.-9.14%
THE KRAFT HEINZ COMPANY -0.15% 38.67 Delayed Quote.7.72%
All news about THE KRAFT HEINZ COMPANY
08/12KRAFT HEINZ : voluntary recall of select Capri Sun Wild Cherry Flavored Juice Drink
PU
08/08Berkshire Hathaway boosts Occidental Petroleum stake above 20%
RE
08/02INSIDER SELL : Kraft Heinz
MT
08/01Delimex Brings Fresh, Authentic Mexican Street Flavors to the Frozen Aisle
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08/01Kraft Heinz Reportedly to Cut Russian Baby Food Business
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07/29KRAFT HEINZ : Capri Sun® Cuts Sugar by an Average of 40 Percent Across Entire Original Jui..
PU
07/29NORTH AMERICAN MORNING BRIEFING : Apple, Amazon -2-
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07/28Barclays Adjusts Price Target for The Kraft Heinz Company to $41 From $46, Maintains Eq..
MT
07/28JPMorgan Adjusts Price Target for The Kraft Heinz Company to $42 From $46, Maintains Ne..
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07/28Credit Suisse Adjusts Kraft Heinz' Price Target to $36 from $38, Keeps Underperform Rat..
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Analyst Recommendations on THE KRAFT HEINZ COMPANY
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Financials (USD)
Sales 2022 26 004 M - -
Net income 2022 3 246 M - -
Net Debt 2022 18 123 M - -
P/E ratio 2022 15,5x
Yield 2022 4,13%
Capitalization 47 388 M 47 388 M -
EV / Sales 2022 2,52x
EV / Sales 2023 2,47x
Nbr of Employees 36 000
Free-Float 63,0%
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Technical analysis trends THE KRAFT HEINZ COMPANY
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TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 20
Last Close Price 38,67 $
Average target price 42,82 $
Spread / Average Target 10,7%
EPS Revisions
Managers and Directors
Miguel Patricio Chairman & Chief Executive Officer
Andre Maciel Global Chief Financial Officer & Executive VP
Gregory Edward Abel Independent Director
John Charles Pope Lead Independent Director
Tim J. Kenesey Independent Director
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