Kraft Heinz (KHC) Tops Q1 EPS by 8c; Raises Outlook
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Kraft Heinz Reports First Quarter 2023 Results
May 3, 2023 7:00 AM EDTRaises Full Year Outlook for Constant Currency Adjusted EBITDA(1)(2) and Adjusted EPS(1)(2)
Reaffirms Full Year Outlook for Organic Net Sales(1)(2)Â
First Quarter Highlights
Net sales increased 7.3%; Organic Net Sales(1) increased 9.4% Gross profit margin increased 62 basis points to 32.6%; Adjusted Gross Profit Margin(1) increased 126 basis points to 32.8% Net income increased 7.1%; Adjusted EBITDA(1) increased 10.3% Diluted EPS was $0.68, up 7.9%; Adjusted EPS(1) was $0.68, up 13.3%PITTSBURGH & CHICAGO--(BUSINESS... More
