Exhibit 99.1 Contacts: Alex Abraham (media) Anne-Marie Megela (investors) Alex.Abraham@kraftheinz.com anne-marie.megela@kraftheinz.com KRAFT HEINZ REPORTS SECOND QUARTER 2024 RESULTS 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 • Net sales decreased 3.6%; Organic Net Sales decreased 2.4% (1) (1) • Gross profit margin increased 180 basis points to 35.4%; Adjusted Gross Profit Margin inc ...

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]

The Kraft Heinz Company (KHC) is likely to register top and bottom-line declines when it comes out with second-quarter 2024 earnings on Jul 31. The Zacks Consensus Estimate for revenues is pegged at $6.54 billion, which indicates a 2.8% dip from the year-ago period. Image Source: Zacks Investment Research The consensus mark for earnings has dropped by a penny in the past 30 days to 73 cents per share, which implies a 7.6% decline from the year-ago quarter's figure. However, KHC has a trailing four-quarter e ...

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 ...

Bjoern Wylezich/iStock via Getty Images I've been familiar and watched Kraft Heinz (NASDAQ:KHC) from afar ever since I was aware of Warren Buffett holding a stake in the company. Of course, Buffett's investing strategy and net worth differs significantly from mine, but I've always wondered why he decided to invest in such a company. Looking at the company's chart, one may wonder the same. But everyone has a different strategy when investing. However, analyzing them a bit deeper, they may see some potential ...

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 ...

A full hour. The average American has to work a full hour to pay for a six-pack of beer and a burger, up from 51 minutes in 2019 Federal Reserve Bank of St. Louis Introduction Beer Money These numbers come from the Dutch Rabobank, which publishes the BBQ Index. This is hurting consumer stocks, especially companies with tight margins that face the threat of generic brands. One of them is the Kraft Heinz Company (NASDAQ:KHC), a stock I started to cover more frequently last year. My most recent article on the ...