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.