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79 cents per share
- Kraft Heinz posted adjusted earnings of 79 cents per share, beating the Zacks Consensus Estimate of 74 cents. Quarterly earnings jumped 12.9% year over year, mainly due to increased adjusted EBITDA and reduced interest expenses. These were partly negated by adverse changes in other expenses/ (income).
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Aug 2, 2023 · Kraft Heinz Reports Second Quarter 2023 Results. Reaffirms Full Year Outlook. S econd Quarter Highlights. Net sales increased 2.6%; Organic Net Sales (1) increased 4.0%. Gross profit margin increased 337 basis points to 33.6%; Adjusted Gross Profit Margin (1) increased 180 basis points to 33.3%.
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Aug 2, 2023 · Kraft Heinz's (KHC) second-quarter 2023 results reflect sales growth in the North America and International regions due to solid pricing. Management reaffirms the adjusted EBITDA and...
Aug 2, 2023 · Key Takeaways. Kraft Heinz reported net sales of $6.72 billion, lower than the $6.81 billion expected. The company reiterated its sales outlook for 4% to 6% growth for the full year. Prices at...
Aug 2, 2023 · Welcome to our Q&A session for our second quarter 2023 business update. During today's call, we may make forward-looking statements regarding our expectations for the future, including items related to our business plans and expectations, strategy, efforts and investments and related timing and expected impacts.
Aug 2, 2023 · Outlook. For fiscal year 2023, the Company expects: Organic Net Sales(2) growth of 4 to 6 percent versus the prior year. Constant Currency Adjusted EBITDA(1) (2) growth of 4 to 6 percent versus the prior year, or 6 to 8 percent when excluding the impact from lapping a 53rd week in 2022.