Kraft Heinz Q3 Earnings Top, Organic Sales Hurt by Soft Volumes

The Kraft Heinz Company (KHC) posted third-quarter 2024 results, wherein the bottom line increased year over year and beat the Zacks Consensus Estimate, while the top line came in soft. Sales continued to be pressurized by volatile consumer behavior stemming from economic uncertainty. Management now expects its organic sales, adjusted operating income and adjusted earnings per share (EPS) growth to be at the lower end of its previously guided range.Sales performance in the company’s key growth areas — Globa ...