Categories AlphaGraphs, Consumer, Earnings

Infographic: The Kraft Heinz Company beats estimates in Q3

The Kraft Heinz Company (NASDAQ: KHC) reported third-quarter 2020 financial results before the opening bell on Thursday. The food products company reported a 6% growth in Q3 revenues to $6.44 billion, which was better than the Wall Street consensus. Earnings of $0.70 per share also surpassed average analysts’ estimates by 8 cents.

KHC shares gained 1% immediately following the announcement. The stock has lost 7.5% of its value since the beginning of this year.

The Kraft heinz company Q3 2020 earnings

Looking forward to listening to management/ analyst comments on Q3 results? Stay tuned here for Kraft Heinz Company Q3 2020 earnings call transcript

CEO Miguel Patricio said, “The continuation of our strong growth into the third quarter is a reflection of the agility we are creating as an organization and because of that, we are raising our outlook for the full year. We are building momentum, and we are confidently optimistic about our near-term performance.”

Prior performance

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