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Mar 27, 2021
Kraft Heinz Q1 2021 Earnings Report
Solid net sales growth and strong performance across all business segments were reported.
Key Takeaways
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%.
Q1 net sales increased 3.9% and Organic Net Sales increased 2.5%
Q1 gross profit increased 18.5%
Q1 operating income increased 41.3%, net income increased 49.0%, and diluted EPS increased 48.4%
Adjusted EBITDA increased 11.6% and Adjusted EPS increased 24.1%
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
The Company continues to expect it will deliver 2021 financial performance ahead of its strategic plan. For the second quarter of 2021, and based on performance to date, the Company currently expects a mid-single-digit percentage increase in both Organic Net Sales and Constant Currency Adjusted EBITDA versus the comparable 2019 period.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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