Kraft Heinz (KHC) Tops Q4 EPS by 1c, Revenue Light, Offers Guidance
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Kraft Heinz Reports Fourth Quarter and Full Year 2023 Results
February 14, 2024 7:00 AM ESTProvides Full Year 2024 Outlook for Organic Net Sales(1)(2), Adjusted Operating Income(1)(2), and Adjusted EPS(1)(2)
Full Year Highlights
Net sales increased 0.6%, including a negative 1.8pp impact from a 53rd week in the prior year; Organic Net Sales(1) increased 3.4% Gross profit margin increased 280 basis points to 33.5%; Adjusted Gross Profit Margin(1) increased 240 basis points to 33.7% Net income increased 20.2%; Adjusted EBITDA(1) increased 5.1%, including a negative 2.1pp impact from a 53rd week in the prior year Diluted EPS was $2.31, up 20.9%; Adjusted EPS(1) was $2.98, up 7.2%, including a negative 2.4pp... More