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Kraft Heinz affirms long term targets at CAGNY conference
The Fly

Kraft Heinz affirms long term targets at CAGNY conference

Kraft Heinz will discuss progress the company is making against its strategic transformation plan and long-term growth algorithm at the 2023 Consumer Analyst Group of New York, or CAGNY, Conference. In 2022, Kraft Heinz announced that it was increasing its long-term growth algorithm. At CAGNY, the Company will provide more insights on how it will achieve its long-term growth targets, which are affirmed at: organic net sales growth of 2% to 3%; adjusted EBITDA growth of 4% to 6%; adjusted EPS growth of 6% to 8% and free cash flow conversion at approximately 100%. The company will update and increase its gross efficiency target to $2.5 billion.

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