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This packaged foods giant may be cooking up a turnaround. So is Kraft Heinz a buy now? Here's what you need to know. Adjusted earnings per share (EPS) of $0.69 climbed by 1.5% year over year, benefiting from a solid expansion in the adjusted gross margin, which reached 34.5% from 32.8% in the prior-year quarter. Efforts to raise pricing helped balance lower volumes while supporting profitability. Even as total revenue declined by 1.2% from Q1 2023, organic net sales fared a bit better, down by just 0.5%. Kr ...

The Kraft Heinz Company (NASDAQ:KHC) Bernstein's 40th Annual Strategic Decisions Conference May 30, 2024 3:30 PM ET Company Participants Carlos Abrams-Rivera - CEO Conference Call Participants Alexia Howard - Bernstein Alexia Howard Good afternoon, everyone. It's my great pleasure to welcome Carlos Abrams-Rivera, who's the CEO of Kraft Heinz since December of last year. My name is Alexia Howard. I've been covering the U.S. packaged food group since, I think, August of 2006. For those of you in the audience ...

guvendemir Kraft Heinz (NASDAQ:KHC) needs no introduction, they are owners of a collection of iconic packaged food brands such as Heinz Ketchup, Philadelphia Cream Cheese and Kraft Mac & Cheese. Many of us have grown up with these brands and continue stocking up on them during our weekly grocery runs, no matter what. After all, we still have to eat. Traditionally this business has been practically risk-free and investors loved it. Nobody made fortunes out of it, but if you were looking for a reliable way to ...

Why might Kraft be considering selling one of its prized brands? Kraft Heinz (KHC -1.59%) is an attractive dividend stock for investors. It offers a high yield of 4.4%, which is more than three times the S&P 500 average of 1.4%. But the business hasn't been growing all that much, and with its high debt load and interest rates remaining elevated, investors haven't been keen on owning the stock in recent years. Concerns may be rising that Kraft may not be able to maintain its current dividend for the long hau ...

If it gets a good price, it could be a move that's hard to mess up. My bologna has a first name, it's O-S-C-A-R... We all recognize the famous Oscar Mayer jingle. But the brand has much more than bologna. It also has hot dogs, bacon, cold cuts, and its grab-and-go Scrambler breakfast bowls. The brand has changed hands several times in the last 40 years, ultimately coming under the Kraft Heinz (KHC -0.19%) umbrella when Kraft and Heinz merged in 2015. Oscar Mayer may be about to change hands again. According ...

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The company is a relatively generous dividend payer, although it isn't very exciting as an investment.Kraft Heinz (KHC -1.75%) might be a purveyor of some of the most familiar food and condiment brands in the American pantry, but it hasn't been a very flavorful stock lately. Its shares have generally underperformed the broader stock market for years, due to lackluster results and a not-very compelling business profile.There is one group of market participants that continues to find Kraft Heinz tasty, though ...

For the quarter ended March 2024, Kraft Heinz (KHC) reported revenue of $6.41 billion, down 1.2% over the same period last year. EPS came in at $0.69, compared to $0.68 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $6.42 billion, representing a surprise of -0.13%. The company delivered an EPS surprise of +1.47%, with the consensus EPS estimate being $0.68.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ex ...

Successfully Executing our Strategic Agenda to Deliver Consistent Profitable Growth 6 3 Gaining or recovering across all segments +0.1% N.A. Retail ACCELERATE Platforms • Expecting low single-digit growth for FY24 • Expecting low to mid-single-digit growth for FY24 1| Non-GAAP financial measure. See the accompanying Non-GAAP Information and Reconciliations at ir.kraftheinzcompany.com/events-and-webcasts. 2| Global Away from Home Organic Net Sales based on internal sales data, which holds the impact of curre ...