Kraft Heinz (KHC) Tops Q4 EPS by 6c

Kraft Heinz (NASDAQ: KHC) reported Q4 EPS of $0.80, $0.06 better than the analyst estimate of $0.74. Revenue for the quarter came in at $6.94 billion versus the consensus estimate of $6.82 billion.

Outlook:

The Company continues to expect it will deliver 2021 financial performance ahead of its strategic plan.

Based on performance to date, the Company believes flat-to-positive growth in Organic Net Sales(2) and low-single-digit Constant Currency Adjusted EBITDA(2) growth versus the prior year period are reasonable expectations for first-quarter 2021 performance. The Company also notes that this performance takes into consideration comparisons with a strong first-quarter 2020 period that included an approximate 6 to 7 percentage point contribution to Organic Net Sales(2) growth and an approximate 9 to 10 percentage point contribution to Constant Currency Adjusted EBITDA(2) growth versus the first quarter of 2019 due to increased consumer demand related to the COVID-19 pandemic.

For earnings history and earnings-related data on Kraft Heinz (KHC) click here.

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