Core Insights - Kraft Heinz reported revenue of $6.38 billion for the quarter ended September 2024, a decrease of 2.8% year-over-year, and an EPS of $0.75, up from $0.72 in the same quarter last year [1] - The revenue fell short of the Zacks Consensus Estimate of $6.41 billion, resulting in a surprise of -0.38%, while the EPS exceeded the consensus estimate of $0.74 by 1.35% [1] Revenue Breakdown - International net revenues were reported at $882 million, slightly above the average estimate of $869.96 million, but represented a significant year-over-year decline of 44% [3] - North America net revenues were $4.83 billion, compared to the estimated $4.86 billion, reflecting a year-over-year decrease of 3.4% [3] - Emerging Markets net sales were $675 million, below the average estimate of $713.72 million [3] Stock Performance - Over the past month, Kraft Heinz shares have returned -1.1%, contrasting with the Zacks S&P 500 composite's increase of +1.8% [4] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [4]
Kraft Heinz (KHC) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates (revised)