Kraft Heinz (KHC) Tops Q4 EPS by 16c

Kraft Heinz (NASDAQ: KHC) reported Q4 EPS of $0.79, $0.16 better than the analyst estimate of $0.63. Revenue for the quarter came in at $6.7 billion versus the consensus estimate of $6.63 billion.

Outlook:

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(4) versus the prior year period, reflecting continued stronger consumption versus pre-pandemic levels. Adjusted EBITDA(4) is expected to be in the range of $5.8 billion to $6.0 billion, reflecting a 53rd week in 2022, the impact of divestitures versus the prior year, strong Organic Net Sales as well as the Company\'s ongoing efforts to manage inflationary pressures as it continues to invest in long-term growth.

For earnings history and earnings-related data on Kraft Heinz (KHC) click here.

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