Kraft Heinz (KHC) Reports In-Line Q1 EPS; offers guidance

Kraft Heinz (NASDAQ: KHC) reported Q1 EPS of $0.69, in-line with the analyst estimate of $0.69. Revenue for the quarter came in at $6.41 billion versus the consensus estimate of $6.43 billion.

GUIDANCE:

Kraft Heinz sees FY2024 EPS of $3.01-$3.07, versus the consensus of $3.04.

Organic Net Sales growth of 0 to 2 percent versus the prior year. The Company expects a positive contribution from price throughout the year, with volumes inflecting positive in the second half of the year.

Adjusted Operating Income growth of 2 to 4 percent versus the prior year. This is in part driven by expected Adjusted Gross Profit Margin(1)(2) expansion in the range of 50 to 100 basis points versus the prior year, compared to the previous expectation of 25 to 75 basis points versus the prior year.

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

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