secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2023-02-21T23:59:59+00:00
Accession:  0001637459-23-000011
Event type: other_material
Sentiment:  positive
Materiality: 0.70
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745923000011/0001637459-23-000011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745923000011/khc-20230221.htm
  HTML page:      https://secwatch.observer/filing/0001637459-23-000011

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