Financial Data and Key Metrics Changes - Organic net sales declined by 2.4% year-over-year, which was lower than expectations due to consumer pressure and unexpected impacts from Lunchables sales [7][36] - Adjusted operating income grew by 2.0%, with adjusted operating income margin increasing by 120 basis points, driven by productivity gains [50][55] - Adjusted EPS declined by 1.3%, primarily due to lapping a one-time tax benefit in the prior year [54] Business Line Data and Key Metrics Changes - North America Organic net sales declined by 2.9%, impacted by lower Lunchables sales and a temporary plant closure [49] - The innovation pipeline is gaining momentum, with a year-to-date increase in organic net sales attributed to new product launches [2][5] - The Taco Bell partnership has exceeded expectations, with sales in Dollar General increasing by 47% year-over-year across Oscar Mayer products [3] Market Data and Key Metrics Changes - In Emerging Markets, organic net sales grew by 3.4%, although challenges in China and Brazil limited growth [68] - International Developed Markets saw a decline in organic net sales by 3.9%, primarily due to price reductions in the U.K. [49] - The company gained 60 basis points of share in Emerging Markets, while losing share in U.S. Away From Home and North America Retail [14][15] Company Strategy and Development Direction - The company is focused on long-term sustainable growth, avoiding short-term wins at the expense of future success [39][78] - Investments are being made in marketing, R&D, and technology to drive top-line growth and brand superiority [6][21] - The company is committed to managing its business in a disciplined manner, preserving profitability while responding to top-line headwinds [36][67] Management's Comments on Operating Environment and Future Outlook - The consumer environment remains challenging, with expectations for a gradual recovery in top-line growth [36][55] - Management is optimistic about the potential for sequential improvement in the second half of the year, driven by innovation and selective investments [75][76] - The company anticipates a continued ramp-up of innovation and renovation to improve top-line performance, particularly in North America Retail [57] Other Important Information - The company has increased its CapEx spend by $35 million, or 7%, focusing on growth and digital advancements [21] - Free cash flow conversion improved to 65%, driven by working capital improvements [53] - The company returned approximately $1.3 billion to stockholders in the first half of the year, maintaining a target net leverage ratio of approximately three times [73] Q&A Session Summary Question: What are the expectations for top-line growth in the second half of the year? - Management expects a gradual improvement in top-line growth, driven by innovation and selective investments, despite a challenging consumer environment [36][55] Question: How is the company addressing the challenges in Emerging Markets? - The company is focusing on increasing distribution and leveraging global activations to drive growth in Emerging Markets [58][68] Question: What is the outlook for adjusted operating income growth? - Adjusted operating income growth is now expected to be in the range of 1% to 3%, reflecting a slower recovery than previously anticipated [55]

Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Angela Harmantas is an Editor at Proactive. She has over 15 years of experience covering the equity markets in North America, with a particular focus on junior resource stocks. Angela has reported from numerous countries around the world, ...

Kraft Heinz (KHC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 6.85%. A quarter ago, it was expected that this the processed food company with dual headquarters in Pittsburgh and Chicago would post earnings of $0.68 per share when it actually produced earnings of $0.69, delivering ...

Exhibit 99.1 Contacts: Alex Abraham (media) Anne-Marie Megela (investors) Lowers Full Year Outlook for Organic Net Sales and Adjusted Operating Income Reaffirms Full Year Outlook for Adjusted EPS (1)(2) (1)(2) (1)(2) Second Quarter Highlights PITTSBURGH & CHICAGO – July 31, 2024 – The Kraft Heinz Company (Nasdaq: KHC) ("Kraft Heinz" or the "Company") today reported financial results for the second quarter of 2024. "Our second quarter net sales growth came in lower than originally anticipated, as consumer se ...

Earnings and Financial Performance - The Kraft Heinz Company is scheduled to release its Q2 financial results on July 31 before the market opens [1] - In Q1 FY24, the company reported a 1.2% YoY sales decline to $6.411 billion, missing the analyst consensus estimate of $6.429 billion [2] - Analysts expect Q2 earnings of 74 cents per share, down from 79 cents per share in the year-ago period, with expected revenue of $6.55 billion compared to $6.81 billion a year earlier [5] Analyst Ratings and Price Targets - B of A Securities analyst Bryan Spillane maintained a Buy rating but cut the price target from $42 to $38 on July 10 [4] - Wells Fargo analyst Chris Carey maintained an Equal-Weight rating and reduced the price target from $37 to $34 on June 27 [4] - Piper Sandler analyst Michael Lavery maintained an Overweight rating but lowered the price target from $42 to $41 on June 20 [4] - Evercore ISI Group analyst David Palmer upgraded the stock from In-Line to Outperform and raised the price target from $40 to $42 on Dec 11, 2023 [4] - Bernstein analyst Alexia Howard upgraded the stock from Market Perform to Outperform with a price target of $40 on Nov 14, 2023 [4] Stock Performance - Kraft Heinz shares rose 1.3% to close at $33.84 on Tuesday [6]

In recent trading days, investors have been rotating from growth stocks to value stocks, creating a fertile ground for overlooked dividend stocks. With the spotlight having shone brightly on growth stocks during last year's rally, many dividend stocks have been left in the shadows. Dividend stocks, especially those bypassed in recent months, are now trading at attractive valuations. As the market begins to recognize their underlying value, these stocks could prove to be strong performers moving forward. To ...

Analysts and investors alike will be keeping a close eye on the performance of Kraft Heinz in its upcoming earnings disclosure. The company's earnings report is set to go public on July 31, 2024. It is anticipated that the company will report an EPS of $0.74, marking a 6.33% fall compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $6.59 billion, down 1.9% from the yearago period. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 ...

0.00% · KHC: 32.07 (-10.6! -15.00% KHC: 6 250 126 Friday, Jul 12, 2024 Image Source: Zacks Investment Research +40.00% SMA (50): 34.002 +20.00% · KHC: 32.07 (-7.8 -20.00% KHC: 6 250 126 the has think in this in this is Friday, Jul 12, 2024 Oct '22 Image Source: Zacks Investment Research about the stock's sustainability, signaling the potential for further downside. 2.0 1.9 1.7 1.6 KHC: 1.46 1.4 Z SI76M: 1.33 1.3 2023 2024 2020 2022 KRAFT HEINZ (KHC) Title Median High KRAFT HEINZ (KHC) Food-Misc Diversified ...

This blue chip stock has market-beating potential after a disastrous decade. Stocks you can buy and hold forever must be resilient businesses, with the staying power to last decades. The problem is that these no-brainer winners are seldom cheap. Kraft Heinz (KHC -0.34%), down a whopping 67% from its high, looks like a rare deal. However, blue chip stocks like Kraft Heinz don't lose over half their value by accident; the company has battled through some serious challenges that prospective investors should kn ...

Kraft Heinz (KHC) closed the most recent trading day at $31.93, moving -0.53% from the previous trading session. This change lagged the S&P 500's daily gain of 0.07%. Meanwhile, the Dow experienced a drop of 0.13%, and the technology-dominated Nasdaq saw an increase of 0.14%. The investment community will be paying close attention to the earnings performance of Kraft Heinz in its upcoming release. The company is expected to report EPS of $0.74, down 6.33% from the prior-year quarter. At the same time, our m ...