The real problem now is to reverse a decline that did not occur overnight, AND the dividend exceeds their income so it may need to be cut again. Ouch!
But Kraft is the size of an aircraft carrier which can take 7 minutes to do a 180 if the aircraft are tied down.
The Street doesn't believe they are turning the company around. In their world it's happening too slowly. They won't believe it until they see the numbers or hear revised guidance.
I like watching the PR's and social media for real time news.
It sure looks as if they are executing on a turnaround strategy that they haven't announced yet. The indications are evident that something is in the works.
For instance, this is a whole new product line.
Kraft Heinz debuts new ancient grains-centric brand
CHICAGO — The Kraft Heinz Co. is homing in on ancient grains with the launch of Amazing Grains, a new brand of convenient mini meals made with ancient grain ingredients.
https://www.foodbusinessnews.net/articles/14630-kraft-heinz-debuts-new-ancient-grains-centric-brand
Perhaps the turnaround plan announcement in December will include acts of evidence already in the works, and more to excite the analysts.
$90+ to $25 is a huge drop. I wonder how The Street will react if KHC can post an EPS that's just a little higher than the dividend? Will the PPS be pummeled?
What if they meet or even beat the forecast (below). Nailing the 60¢ estimate IMO would be quite the home run.
A beat would be like Christmas coming in November, and make for a very Happy Thanksgiving.
CFRA / S&P Global
Earnings Per Share (USD)
............ 1Q ......... 2Q .......... 3Q ......... 4Q .......... Year
2020 ... E 0.61 ... E 0.72 ... E 0.62 ... E 0.78 ... E 2.73
2019 ... 0.33 ... 0.37 ... E 0.60 ... E 0.72 ... E 2.02
2018 ... 0.82 ... 0.62 ... 0.51 ... -10.30 ... -8.36
LOL
Recent KHC News
- A.1. Enters the Dairy Aisle with Bold New Innovation: Steakhouse Butter • Business Wire • 09/23/2024 11:01:00 AM
- Philadelphia Unveils First-Ever Refrigerated Cream Cheese Frosting in the U.S. • Business Wire • 09/17/2024 12:01:00 PM
- JELL-O Unveils ‘The Jelly Collection’: A Line of Inflatable Furniture Inspired by Iconic JELL-O Molds • Business Wire • 09/10/2024 10:00:00 AM
- Kraft Heinz to Participate at 2024 Barclays Global Consumer Staples Conference • Business Wire • 08/26/2024 01:00:00 PM
- C’est du KD bon à s’en lécher les doigts… Les marques populaires d’aliments réconfortants KD et PFK s’unissent pour une nouvelle collaboration audacieuse et délicieusement savoureuse • Business Wire • 08/19/2024 12:00:00 PM
- It's Finger Lickin’ KD… Beloved Comfort Food Brands KD and KFC Join Forces in New, Boldly Delicious Collaboration • Business Wire • 08/19/2024 12:00:00 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/14/2024 05:06:39 PM
- VELVEETA Serves Up Big Cheese Energy This Summer with First-Ever ‘WheelVeeta’ Dining Experience • Business Wire • 08/07/2024 10:00:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 08/06/2024 08:24:39 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 08/05/2024 12:30:19 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 08/02/2024 03:04:33 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 07/31/2024 08:19:38 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 07/31/2024 11:03:46 AM
- The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share • Business Wire • 07/31/2024 11:01:00 AM
- Kraft Heinz Reports Second Quarter 2024 Results • Business Wire • 07/31/2024 11:00:00 AM
- US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions • IH Market News • 07/31/2024 10:01:30 AM
- Kraft Heinz Brings New IHOP® Syrups to Homes Nationwide • Business Wire • 07/23/2024 10:00:00 AM
- “Let’s-a-go!” KRAFT Mac & Cheese and Nintendo Fuel Fans with New Super Mario™ Power-Up Shapes • Business Wire • 07/17/2024 10:00:00 AM
- Ore-Ida and GoodPop Launch Frozen Treat Inspired by One of America’s Most Popular Food Combinations: French Fries Dipped in a Milkshake • Business Wire • 07/16/2024 10:00:00 AM
- Cosplay Meets Condiments: HEINZ to Release Limited-Edition Ketchup and Mustard Collectibles Inspired by Marvel Studios’ “Deadpool & Wolverine” • Business Wire • 07/15/2024 11:00:00 AM
- The Kraft Heinz Company to Report Second Quarter 2024 Results on July 31, 2024 • Business Wire • 07/09/2024 01:00:00 PM
- Calling All Pickle Lovers: Claussen® Pickles and Baked by Melissa Celebrate National Pickle Month with an Exclusive Pickle Cupcake • Business Wire • 07/08/2024 10:00:00 AM
- Fashion Meets Flavor: HEINZ and kate spade new york Debut Red-Hot Capsule Collection • Business Wire • 06/26/2024 12:00:00 PM
- Form 11-K - Annual report of employee stock purchase, savings and similar plans • Edgar (US Regulatory) • 06/18/2024 05:33:51 PM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM
Element79 Gold Corp. Appoints Kevin Arias as Advisor to the Board of Directors, Strengthening Strategic Leadership • ELMGF • Sep 18, 2024 10:29 AM
Mawson Finland Limited Further Expands the Known Mineralized Zones at Rajapalot: Palokas step-out drills 7 metres @ 9.1 g/t gold & 706 ppm cobalt • MFL • Sep 17, 2024 9:02 AM
PickleJar Announces Integration With OptCulture to Deliver Holistic Fan Experiences at Venue Point of Sale • PKLE • Sep 17, 2024 8:00 AM