For the quarter ended December 2023, Kraft Heinz (KHC) reported revenue of $6.86 billion, down 7.1% over the same period last year. EPS came in at $0.78, compared to $0.85 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.97 billion, representing a surprise of -1.60%. The company delivered an EPS surprise of +1.30%, with the consensus EPS estimate being $0.77.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

From dollar store shoppers to wealthier club store members, consumers are seeking value.So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company’s 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14). Speaking with analysts, the chief executive said company data shows “that regardless of the income levels, consumers are looking for value and they continue to be under pressure.”“And what we see is low-income consumers are actually shopping more at places like dollar stores, highe ...

Shares of consumer-staples giant Kraft Heinz (KHC -5.89%) dropped on Wednesday after the company reported results for the fourth quarter. The company's brands are well known and popular, but sales volume nonetheless fell in 2023, disappointing investors. As of 11:30 a.m. ET, Kraft Heinz stock was down about 6%.An all-too-familiar storyKraft Heinz disappointed the market with its top-line results. The company's 2023 net sales were up 0.6%, but this was due to its price hikes. By contrast, its sales volume an ...

1| Non-GAAP financial measure. See the accompanying Non-GAAP Information and Reconciliations at ir.kraftheinzcompany.com/events-and-webcasts. Generated Accelerated Profitable Growth in 2023… Impact from 53 rd week in 2022 KraftHeinz 5 Increased FY investments in SG&A and CapEx by +$424 million vs PY Q4 2023 Business Update 6 Peer Group Kraft Heinz 1-Year 3-Year (13%) (5%) 8% 20% Total Shareholder Return1 Q4 2023 Business Update KraftHeinz 1| Peer set includes CPB, CAG, GIS, HRL, HSY, K, KDP, KO, MDLZ, MKC, ...

Kraft Heinz Co (NASDAQ:KHC) stock is headed for its worst day since January 2023, down 5.3% at $34.22 at last glance. The food and beverage giant posted mixed fourth-quarter results, missing revenue expectations while earnings came in slightly better than anticipated, and a disappointing annual sales forecast. Inflation appears to be pinching demand, as customers look for deals elsewhere. Today's negative price action has KHC breaking below its 80-day moving average for the first time since November, as wel ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 30, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to __________ Commission File Number 001-37482 The Kraft Heinz Company (Exact name of registrant as specified in its charter) (State or other jurisdicti ...

The Kraft Heinz Company (KHC) posted soft fourth-quarter 2023 results, as both the top and bottom lines declined year over year, and the top line came below the Zacks Consensus Estimate.The overall industry witnessed headwinds stemming from the ongoing consumer landscape during the fourth quarter. However, KHC expects these to subside going forward, especially due to the lapping of lower SNAP benefits.Management remains impressed with its overall 2023 performance, wherein it delivered sales in each of its t ...

About this content About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, ...

Kraft Heinz (KHC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.30%. A quarter ago, it was expected that this the processed food company with dual headquarters in Pittsburgh and Chicago would post earnings of $0.66 per share when it actually produced earnings of $0.72, delivering ...

Shares of Kraft Heinz Co. KHC were little changed premarket trading Wednesday, food, condiment and beverage company topped fourth-quarter profit expectations but fell short on sales, as volume fell more than prices increased. Net income declined to $757 million, or 61 cents a share, from $890 million, or 72 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 78 cents was above the FactSet consensus of 77 cents. Sales declined 7.1% to $6.86 billion, below the F ...