Kraft Heinz unveils refined long-term strategy at CAGNY; reiterates 2024 outlook

Kraft Heinz Co

New long-term algorithm targets 4-6% Adjusted Operating Income growth (replacing EBITDA) and 6-8% Adjusted EPS growth.
Portfolio realigned into three platform roles: Accelerate (Taste Elevation, Easy Ready Meals, Substantial Snacking), Protect, and Balance.
2024 outlook reiterated: Organic Net Sales growth 0-2%, Adjusted Operating Income growth 2-4%, Adjusted EPS $3.01-$3.07.
Plans to fuel growth via marketing, R&D, innovation, sales excellence, and new Brand Growth System; funded by end-to-end efficiencies.
Company taking a 10-year horizon to predict trends, leveraging technology and partnerships to capture opportunities.

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