King of mayonnaise and ketchup, The Kraft Heinz Company, posted its fourth-quarter results Friday with net sales inching 0.3% up to $6.88 billion.
Net income attributable to common stockholders was $8 billion or $6.52 per share compared to $944 million or $0.77 per share a year ago, with this year’s results including a $6.67Bil or $5.73 per share benefit from the enactment of Tax Cuts and Jobs Act.
Missing market estimates, the condiment giant shares were down 0.3% pre-market on earnings day, and have fallen about 17% since last year.
Most Popular
KB Home’s Q3 results expected to benefit from built-to-order model, stable demand
KB Home (NYSE: KBH) has been resilient to challenges like high mortgage rates and the inflation-induced strain on family budgets, while benefitting from the recovery in the housing market. When
Signet Jewelers (SIG) reports lower Q2 2025 sales and adj. profit
Signet Jewelers Limited (NYSE: SIG) has reported a decline in net sales and adjusted earnings for the second quarter of 2025. Same-store sales declined 3.4% during the three months. Net
Adobe reports higher Q3 revenue and earnings; results beat estimates
Design software maker Adobe Inc. (NASDAQ: ADBE) on Thursday reported an increase in third-quarter 2024 revenue and earnings. The results also topped expectations. Third-quarter revenues came in at $5.41 billion,
