The Kraft Heinz Company (NASDAQ:KHC) Q1 2024 Earnings Call Transcript

Carlos Abrams-Rivera: Thank you, Andre. And on the retail trends, I guess, I’ll go back to the point at the beginning, which is we are seeing volume share improvements versus in the last five weeks into year-to-date. So we are seeing that the momentum is happening already. And for us, what we are going to be doing is focus on those things we can control, which is as you go into the year to go, you’ll see us continue to drive the renovation of our brands, like I mentioned, whether it’s in our PROTECT platforms and ACCELERATE, which is driving more innovation, as you’ll see now, begin now in Q2 and we continue to step up through the rest of the year. And then these margins are marketing investments. Andre mentioned earlier that part of the reason we’re taking some of those gross margin dollars and investing back in the business is because now we are deploying a brand growth system that allows us to think about how do we make sure we’re being smart about where to spend and places that maybe we haven’t been spending at sufficient levels.

So you are, in fact, going to see that continued focus on not driving the right dollars against the right priorities for us to drive the retail growth. And thank you for the question, Rob.

Andre Maciel: Thank you.

Anne-Marie Megela: And thank you, everyone, for joining us. This concludes our earnings call for the first quarter 2024. Thank you.

Operator: Thank you. This concludes the conference. Thank you for your participation. You may now disconnect.