Kraft Heinz Co at Evercore ISI Consumer & Retail Conference (Virtual) Transcript

Jun 15, 2023 / 05:15PM GMT
David Sterling Palmer - Evercore ISI Institutional Equities, Research Division - Senior MD & Fundamental Research Analyst

Good afternoon, everybody, on day 3 of the Evercore ISI Consumer Conference. I'm excited -- this is our final fireside chat, and I'm excited to have Kraft Heinz with us, Andre Maciel, Executive VP and Global Chief Financial Officer, is with us today. He joined the company in July of 2015 and has had several leadership roles within the company prior to becoming CFO. And prior to Kraft Heinz, he served as the Head of U.S. Commercial Finance for the H.J. Heinz Holding Corporation.

Kraft Heinz, as many of you know, has done a lot of things behind the scenes during was obviously another period of change during COVID. Just since 2019, the company has streamlined operations by cutting 25% of SKUs that were less profitable. It's invested in technology and improved supply chain. It's achieved strong momentum in its Foodservice segment. And it's one of the few food companies that is poised to achieve higher gross margin this year in '23 than it did in 2019. So we look forward to this

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