The Kraft Heinz Company (KHC) posted first-quarter 2024 results, wherein the bottom line increased year over year and beat the Zacks Consensus Estimate despite the top line declining from the year-ago period.The first-quarter show came in tandem with management’s expectations, including growth in each of the company’s three strategic pillars — Global Away From Home, Emerging Markets and North America Retail ACCELERATE Platforms. Additionally, KHC witnessed continued sequential volume improvement and operati ...

Kraft Heinz (KHC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.47%. A quarter ago, it was expected that this the processed food company with dual headquarters in Pittsburgh and Chicago would post earnings of $0.77 per share when it actually produced earnings of $0.78, delivering ...

Exhibit 99.1 Contacts: Alex Abraham (media) Anne-Marie Megela (investors) Alex.Abraham@kraftheinz.com anne-marie.megela@kraftheinz.com KRAFT HEINZ REPORTS FIRST QUARTER 2024 RESULTS Reaffirms Full Year Outlook First Quarter Highlights • Net sales decreased 1.2%; Organic Net Sales(1) decreased 0.5% • Gross profit margin increased 240 basis points to 35.0%; Adjusted Gross Profit Margin(1) increased 170 basis points to 34.5% • Operating Income increased 4.7%; Adjusted Operating Income(1) increased 1.7% • Dilut ...

Warren Buffett may be the Oracle of Omaha, but his track record isn’t perfect. Just look to his losing airline play that saw Buffett dump a slew of airline stocks, including Delta (NYSE:DAL) and American (NASDAQ:AAL), at or near their initial pandemic bottom in May 2020 — companies which, like Delta, nearly doubled in the interim.Likewise, many consider Buffett’s age a concern as Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) future remains uncertain. While always a concern, investors’ fears magnified after ...

As The Kraft Heinz Company (KHC) gears up to report its first-quarter 2024 results on May 1, before market open, investors find themselves at a crossroads, evaluating the company's trajectory amid a challenging operational landscape. With quarterly projections indicating a dip in revenue and a stagnant bottom-line figure, the upcoming earnings release prompts a critical question — Should one approach KHC with caution ahead of this event?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues ...

In its upcoming report, Kraft Heinz (KHC) is predicted by Wall Street analysts to post quarterly earnings of $0.68 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $6.42 billion, representing a year-over-year decrease of 1.1%.Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.Ahead of a ...

The most recent trading session ended with Kraft Heinz (KHC) standing at $38.37, reflecting a -0.52% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.46%. Meanwhile, the Dow lost 0.98%, and the Nasdaq, a tech-heavy index, lost 0.64%.Coming into today, shares of the the processed food company with dual headquarters in Pittsburgh and Chicago had gained 5.58% in the past month. In that same time, the Consumer Staples sector lost 0.34%, while the S&P 500 lost 3.04 ...

For those looking to find strong Consumer Staples stocks, it is prudent to search for companies in the group that are outperforming their peers. Kraft Heinz (KHC) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.Kraft Heinz is one of 191 companies in the Consumer Staples g ...

The most recent trading session ended with Kraft Heinz (KHC) standing at $37.78, reflecting a +1.81% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily loss of 0.88%. Elsewhere, the Dow saw an upswing of 0.56%, while the tech-heavy Nasdaq depreciated by 2.05%.Shares of the the processed food company with dual headquarters in Pittsburgh and Chicago witnessed a gain of 4.24% over the previous month, beating the performance of the Consumer Staples sector wi ...

The Kraft Heinz Company (KHC) is on track to revamp its business operations to unlock its complete potential. The consumer products company’s primary focus on implementing efficient pricing strategies to mitigate the effects of inflationary pressures bodes well.Let’s discuss this in detail.Growth Efforts in PlaceKraft Heinz is benefiting from strength in its three key pillars — Foodservice, Emerging Markets and U.S. Retail Grow platforms. In the Foodservice business, management is prioritizing higher margin ...