Successfully Executing our Strategic Agenda to Deliver Consistent Profitable Growth 6 3 Gaining or recovering across all segments +0.1% N.A. Retail ACCELERATE Platforms • Expecting low single-digit growth for FY24 • Expecting low to mid-single-digit growth for FY24 1| Non-GAAP financial measure. See the accompanying Non-GAAP Information and Reconciliations at ir.kraftheinzcompany.com/events-and-webcasts. 2| Global Away from Home Organic Net Sales based on internal sales data, which holds the impact of curre ...

Carlos Abrams-Rivera In terms of our JBP, that continues to be a strength of ours. That frankly, it comes out with the fact that we have been building this trust and partnership with our key retailers that allows us to truly leverage the scale of our total portfolio in a way that help us to both drive our distribution of innovation as well as improve our overall performance and execution in store. Because of this partnership, we can do things in store that probably the other peers cannot do. Whether that's ...

Key PointsKraft Heinz plunges on tepid results; results weren't better than expected, but they aren't bad. The deep-value, high-yield opportunity is still available for income investors. Analysts continue to rate the stock at Hold and see it advancing at least 10%. 5 stocks we like better than Kraft HeinzAs tepid as Kraft Heinz's NASDAQ: KHC Q1 results and guidance for Q2 are, they aren’t bad. The results and guidance align with the company’s forecast for Q1 and the analysts' forecasts for Q1 and Q2, which ...

Cautious lower-income consumers and slower restaurant sales are squeezing Kraft Heinz.The packaged food product company on Wednesday (May 1) released earnings showing a 1.2% drop in sales, driven by lower-income consumers spending less at both the supermarket and on meals away from home. The company said it raised its prices 2.7% year over -year to offset the cost of goods such as coffee.“The gap between high and low earners continues to remain wide, and it shows a clear and continued bifurcation,” CEO Carl ...

Key TakeawaysKraft Heinz shares dropped after the company reported first-quarter results that missed analysts' estimates. The food and beverage giant said its sales and volume/mix dropped as higher prices dragged down demand.Kraft Heinz said the slide in its volume/mix was also hurt by the reduction of Supplemental Nutrition Assistance Program (SNAP) benefits in the U.S. Higher prices weighed on demand for Kraft Heinz (KHC) products, and shares dropped over 6% in early trading Wednesday after the food and ...

The Kraft Heinz Company (KHC) posted first-quarter 2024 results, wherein the bottom line increased year over year and beat the Zacks Consensus Estimate despite the top line declining from the year-ago period.The first-quarter show came in tandem with management’s expectations, including growth in each of the company’s three strategic pillars — Global Away From Home, Emerging Markets and North America Retail ACCELERATE Platforms. Additionally, KHC witnessed continued sequential volume improvement and operati ...

Kraft Heinz (KHC) came out with quarterly earnings of $0.69 per share, beating the Zacks Consensus Estimate of $0.68 per share. This compares to earnings of $0.68 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.47%. A quarter ago, it was expected that this the processed food company with dual headquarters in Pittsburgh and Chicago would post earnings of $0.77 per share when it actually produced earnings of $0.78, delivering ...

Contacts: Alex Abraham (media) Anne-Marie Megela (investors) Alex.Abraham@kraftheinz.com anne-marie.megela@kraftheinz.com KRAFT HEINZ REPORTS FIRST QUARTER 2024 RESULTS Reaffirms Full Year Outlook First Quarter Highlights PITTSBURGH & CHICAGO – May 1, 2024 – The Kraft Heinz Company (Nasdaq: KHC) ("Kraft Heinz" or the "Company") today reported financial results for the first quarter of 2024. Exhibit 99.1 Abrams-Rivera continued, "As a result, we are reiterating our outlook for 2024 and remain confident in ou ...

Warren Buffett may be the Oracle of Omaha, but his track record isn’t perfect. Just look to his losing airline play that saw Buffett dump a slew of airline stocks, including Delta (NYSE:DAL) and American (NASDAQ:AAL), at or near their initial pandemic bottom in May 2020 — companies which, like Delta, nearly doubled in the interim.Likewise, many consider Buffett’s age a concern as Berkshire Hathaway’s (NYSE:BRK-A, NYSE:BRK-B) future remains uncertain. While always a concern, investors’ fears magnified after ...

As The Kraft Heinz Company (KHC) gears up to report its first-quarter 2024 results on May 1, before market open, investors find themselves at a crossroads, evaluating the company's trajectory amid a challenging operational landscape. With quarterly projections indicating a dip in revenue and a stagnant bottom-line figure, the upcoming earnings release prompts a critical question — Should one approach KHC with caution ahead of this event?The Zacks Consensus Estimate for the to-be-reported quarter’s revenues ...