Kraft Heinz Q4 2021 Earnings Report
Key Takeaways
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.
Net sales decreased 3.3 percent versus the year-ago period to $6.7 billion.
Organic Net Sales increased 3.9 percent versus the prior year period and 9.4 percent versus the comparable 2019 period.
Net income/(loss) decreased to a loss of $255 million primarily driven by non-cash impairment losses of $1.3 billion.
Adjusted EPS decreased to $0.79, down 1.3 percent versus the prior year.
Kraft Heinz
Kraft Heinz
Forward Guidance
The Company expects to deliver strong financial performance in 2022. The Company currently expects a low-single-digit percentage increase in 2022 Organic Net Sales versus the prior year period, reflecting continued stronger consumption versus pre-pandemic levels. Adjusted EBITDA is expected to be in the range of $5.8 billion to $6.0 billion.
Positive Outlook
- Continued stronger consumption versus pre-pandemic levels.
- Strong Organic Net Sales.
- Ongoing efforts to manage inflationary pressures.
- Continued investment in long-term growth.