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Dec 26, 2020
Kraft Heinz Q4 2020 Earnings Report
Reported fourth quarter and full year 2020 results, showing increased net sales, gross profit, and operating income.
Key Takeaways
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.
Q4 net sales increased 6.2%; Organic Net Sales increased 6.0%.
Q4 gross profit increased 19.7%.
Q4 operating income increased 160.7%, net income attributable to common shareholders increased 467.5%, and diluted EPS increased 460.0%.
Adjusted EBITDA increased 14.3% and Adjusted EPS increased 11.1%.
Kraft Heinz
Kraft Heinz
Kraft Heinz Revenue by Segment
Kraft Heinz Revenue by Geographic Location
Revenue by Segment
North America Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.com Forward Guidance
The Company continues to expect it will deliver 2021 financial performance ahead of its strategic plan. Based on performance to date, the Company believes flat-to-positive growth in Organic Net Sales and low-single-digit Constant Currency Adjusted EBITDA growth versus the prior year period are reasonable expectations for first-quarter 2021 performance.