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Kraft Heinz: focus on long-term profitable growth

( - Kraft Heinz announced on Wednesday that it intends to accelerate growth over the next few years through its three main growth levers: distribution in North America, international foodservice and emerging markets.

The US food group says it is targeting 2% to 3% annual organic growth in net sales over the long term, accompanied by a 4% to 6% improvement in adjusted operating profit.

EPS is expected to rise by 6% to 8% p.a., according to its projections, over a ten-year period.

Kraft Heinz unveiled these targets at the 'CAGNY' conference in Boca Raton, Florida, dedicated to major consumer staples groups.

For FY 2024, the company confirms the targets unveiled in its last earnings release, i.e. net sales organic growth of 0% to 2%, adjusted operating income growth of 2% to 4%, and EPS growth of 1% to 3%.

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