The Kraft Heinz Company (NASDAQ: KHC), a leading food and beverage manufacturer, has announced financial results for the fourth quarter of 2024.
- The company’s fourth-quarter net sales decreased 4.1% annually to $6.58 billion; Organic net sales dropped 3.1%
- In North America and International Developed Markets, sales declined 3.9% and 3.6% respectively during the quarter
- In Emerging Markets, net sales declined 6.8% year-over-year in the final three months of fiscal 2024
- Q4 gross profit margin increased 30 basis points to 34.1%; adjusted gross profit margin decreased 40 basis points to 34.4%
- Kraft Heinz reported an operating loss of $40 million for Q4, compared to a profit of $1.3 billion a year earlier
- Earnings, on a per-share basis, more than doubled to $1.76 in the December quarter; adjusted earnings per share rose 7.7% annually to $0.84
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Darden Restaurants (DRI) Q3 2025 Earnings: Key financials and quarterly highlights
Darden Restaurants, Inc. (NYSE: DRI) reported its third quarter 2025 earnings results today. Total sales increased 6.2% to $3.2 billion compared to the same period last year. Blended same-restaurant sales
ACN Earnings: Key quarterly highlights from Accenture’s Q2 2025 financial results
Accenture plc (NYSE: ACN) reported its second quarter 2025 earnings results today. Revenues totaled $16.7 billion, up 5% in US dollars and 8.5% in local currency. Net income attributable to
GIS Q3 Call Highlights: Cereal Comeback, Snacking Slowdown & Protein Innovations!
General Mills Inc., a global food company known for producing and marketing popular brands like Cheerios, Pillsbury, Häagen-Dazs, and Betty Crocker, in its Q3 earnings call highlighted its strategy to
