Big Food pours millions into rebrands as obesity drugs reshape U.S. demand [BNN Bloomberg (Canada)]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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ir.kraftheinzcompany.com/overview
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Source: BNN Bloomberg
Companies that previously took a wait-and-see attitude now see GLP-1s as here to stay. So far this year, nearly three dozen companies outside the healthcare industry have mentioned GLP-1 drugs or weight loss on their earnings conference calls, up from 14 for the same period a year ago, and just five two years earlier, according to LSEG data. Diet changes linked to GLP-1 drug use could mean up to US$12 billion in snack sales lost over the next decade, according to EY-Parthenon estimates. Adoption of GLP-1 drugs, which suppress appetite and are mainly prescribed for diabetes and weight loss, more than doubled in the 12 months to December, with about 20 per cent of U.S. households now including at least one user, according to a PwC analysis. Peter ter Kulve, CEO of Magnum Ice Cream, said GLP-1 users continue to eat treats, but they exhibit “a stark reduction of mindless munching and binge eating.” Coca-Cola's incoming top boss urged faster innovation on his first analyst call as C
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KHC
News
- Marathon task at Kraft Heinz – can Steve Cahillane turn the tide? [Yahoo! Finance]Yahoo! Finance
- The Kraft Heinz Company Appoints Nicolas Amaya as President, North AmericaBusiness Wire
- Kraft Heinz (NASDAQ:KHC) was downgraded by analysts at Zacks Research from a "hold" rating to a "strong sell" rating.MarketBeat
- Food stocks tumble after General Mills warns of a weak consumer [Business Insider]Business Insider
- Kraft Heinz (NASDAQ:KHC) had its "underweight" rating reaffirmed by analysts at Morgan Stanley.MarketBeat
KHC
Earnings
- 2/11/26 - Beat
KHC
Sec Filings
- 2/18/26 - Form 8-K
- 2/12/26 - Form 10-K
- 2/11/26 - Form 8-K
- KHC's page on the SEC website