Kraft Heinz Earnings Reports

Kraft Heinz reported a 4.1% decline in net sales for Q4 2024, impacted by volume declines across all segments. Adjusted EPS increased by 7.7% to $0.84, while operating income decreased significantly due to a $1.4 billion impairment loss. Despite revenue challenges, the company maintained industry-leading margins and strong free cash flow.

Kraft Heinz reported a decrease in net sales by 2.8% and a significant decrease in operating income due to non-cash impairment losses. However, adjusted EPS increased by 4.2%. The company is narrowing its full-year outlook for organic net sales, adjusted operating income, and adjusted EPS.

Kraft Heinz reported a decrease in net sales by 3.6% and organic net sales by 2.4%. However, the company saw an increase in gross profit margin by 180 basis points and adjusted operating income by 2.0%. Diluted EPS decreased significantly, while adjusted EPS saw a slight decrease.

Kraft Heinz reported first quarter results with net sales decreasing by 1.2% and organic net sales decreasing by 0.5%. However, operating income increased by 4.7% and adjusted operating income increased by 1.7%. The company reaffirmed its full year outlook.

Kraft Heinz reported a decrease in net sales and net income for Q4 2023, impacted by a 53rd week in the prior year and industry headwinds. However, the company is optimistic about future growth, expecting positive contributions from price and volume improvements in the second half of 2024.

Kraft Heinz reported a 1.0% increase in net sales and a 1.7% increase in Organic Net Sales. Adjusted EPS was up 14.3% to $0.72. The company reached its target Net Leverage ratio of approximately 3.0x.

Kraft Heinz reported strong second-quarter results with growth in net sales, profits, and profitability, driven by its strategy to accelerate profitable growth across Foodservice, Emerging Markets, and U.S. Retail Grow Platforms, with a reiteration of the full-year outlook.

Kraft Heinz reported a 7.3% increase in net sales and a 9.4% increase in Organic Net Sales. Net income increased by 7.1% to $837 million, and Adjusted EBITDA increased by 10.3% to $1.5 billion. Diluted EPS was $0.68, up 7.9%, and Adjusted EPS was $0.68, up 13.3%. The company raised its full-year outlook for Constant Currency Adjusted EBITDA and Adjusted EPS while reaffirming its outlook for Organic Net Sales.

Kraft Heinz reported a strong fourth quarter and full year 2022, with net sales increasing by 10.0% and organic net sales growth of 10.4%. Net income increased significantly, driven by non-cash impairment losses in the prior year period and lower interest expense. The company provided a full year 2023 outlook for organic net sales, adjusted EBITDA, and adjusted EPS.

Kraft Heinz reported a 2.9% increase in net sales to $6.5 billion, with organic net sales up 11.6%. Net income decreased by 40.8% to $435 million, while Adjusted EBITDA decreased by 5.5% to $1.4 billion. The company reaffirms its full-year outlook for organic net sales and raises the lower end of its adjusted EBITDA range.

Kraft Heinz reported strong price realization and resilient demand in the second quarter of 2022. Net sales decreased slightly, but organic net sales increased by 10.1%. Net income increased significantly due to lower tax expenses and interest expense.

Kraft Heinz reported a decrease in net sales by 5.5% to $6.0 billion, but organic net sales increased by 6.8%. Net income increased by 37.5% to $781 million, while Adjusted EBITDA decreased by 15.1% to $1.3 billion. The company is raising its full-year outlook for organic net sales growth.

Kraft Heinz reported a decrease in net sales by 3.3 percent to $6.7 billion, but organic net sales increased by 3.9 percent. Net income decreased to a loss of $255 million, primarily driven by non-cash impairment losses. Adjusted EBITDA decreased to $1.6 billion. The company expects to deliver strong financial performance in 2022.

Kraft Heinz reported better-than-expected results for Q3 2021, driven by improvements in its operating model and an agile approach to managing supply and services through volatile markets. Organic Net Sales increased 1.3 percent versus the prior year period.

Kraft Heinz reported a decrease in net sales by 0.5 percent to $6.6 billion, but an increase of 3.2 percent compared to 2019. The company experienced a net loss of $25 million, which is an increase of 98.5 percent versus the year-ago period. Adjusted EPS was $0.78, a decrease of 2.5 percent versus the prior year.

Kraft Heinz reported better-than-expected first-quarter results with solid net sales growth, favorable product mix, and lower general corporate expenses. Net sales increased by 3.9%, and Organic Net Sales increased by 2.5%.

Kraft Heinz reported strong Q4 2020 results, with net sales increasing by 6.2% and organic net sales increasing by 6.0%. The company's transformation plan exceeded expectations in 2020, and they are confident in exceeding it again in 2021.

Kraft Heinz reported a 6.0% increase in net sales and a 6.3% increase in Organic Net Sales for Q3 2020. The company has raised its full-year outlook to mid-single-digit Organic Net Sales growth and high-single-digit Constant Currency Adjusted EBITDA growth.

Kraft Heinz reported a 3.8% increase in net sales and a 7.4% increase in Organic Net Sales compared to the previous year. However, the company also recorded non-cash impairment charges of approximately $1.8 billion in goodwill and $1.1 billion in intangible assets, resulting in a net loss attributable to common shareholders of $1.7 billion.

Kraft Heinz reported strong Q1 2020 results with net sales up 3.3% to $6.2 billion and Organic Net Sales increasing 6.2%. This growth was primarily driven by increased consumer demand related to the COVID-19 pandemic. However, net income decreased by 6.7% to $378 million, and Adjusted EPS decreased by 12.1% to $0.58.

Kraft Heinz reported Q4 2019 financial results with net sales decreasing by 5.1% to $6.5 billion. Net income attributable to common shareholders increased to $182 million, and diluted EPS increased to $0.15. Adjusted EPS decreased 14.3% to $0.72.