Kraft Heinz approved a share repurchase program authorizing the company to repurchase up to $3B of the company’s outstanding shares of common stock through December 26, 2026. Under the share repurchase program, the company intends to repurchase shares with excess cash after allocations for disciplined capital spending, including investments to support organic growth in key areas of its business, payment of an attractive dividend, maintaining a targeted Net Leverage1 of approximately 3.0x, and evaluation of strategic opportunities, including acquisitions, divestitures, and partnerships.
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