---
schema_version: "secwatch.filing_event.v1"
accession: "0001637459-23-000011"
form_type: "8-K"
ticker: "KHC"
cik: "0001637459"
company_name: "Kraft Heinz Co"
filed_at: "2023-02-21T23:59:59+00:00"
generated_at: "2026-06-19T07:02:20.034579+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Kraft Heinz affirms long-term growth algorithm; 2023 organic net sales growth 4-6%

## Summary
- Long-term targets: organic net sales growth 2-3%, adjusted EBITDA growth 4-6%, adjusted EPS growth 6-8%, FCF conversion ~100%.
- 2023 outlook: organic net sales growth 4-6%, constant currency adjusted EBITDA growth 2-4% (4-6% ex-53rd week), adjusted EPS $2.67-$2.75.
- Gross efficiency target increased to $2.5B; expects $2B incremental net sales from innovation in North America Retail 2023-2027.
- Foodservice targets: ~5% CAGR in North America, ~10% CAGR in International over 4 years; Emerging Markets net sales CAGR of 13%.
- 2023 FCF conversion now expected ~80%; high single-digit inflation with pricing and efficiencies funding investments.

## SEC filing metadata
- accession: 0001637459-23-000011
- form_type: 8-K
- ticker: KHC
- cik: 0001637459
- company_name: Kraft Heinz Co
- filed_at: 2023-02-21T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000011/0001637459-23-000011-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000011/khc-20230221.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637459-23-000011
- JSON: https://secwatch.observer/filing/0001637459-23-000011.json
- Plain text: https://secwatch.observer/filing/0001637459-23-000011.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.