Kraft Heinz (KHC) tops Q3 earnings estimates and raises full-year profit outlook
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The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share
November 1, 2023 7:01 AM EDTPITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) announced today that the Companys Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on Dec. 29, 2023, to stockholders of record as of Dec. 1, 2023.
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Kraft Heinz Reports Third Quarter 2023 Results
November 1, 2023 7:00 AM EDTAnnounces Leadership and Organizational Changes
Narrows Full Year Outlook for Organic Net Sales(1)(2)
Raises Full Year Outlook for Constant Currency Adjusted EBITDA and Adjusted EPS(1)(2)
Third Quarter Highlights
Net sales increased 1.0%; Organic Net Sales(1) increased 1.7% Gross profit margin increased 568 basis points to 34.0%; Adjusted Gross Profit Margin(1) increased 396 basis points to 34.0% Net income decreased 41.7%; Adjusted EBITDA(1) increased 11.9% Diluted EPS was $0.21, down 40.0%; Adjusted EPS(1) was $0.72, up 14.3% Reached target Net Leverage(1) ratio of approximately 3.0x, with Net Leverage at... More