KHC Earnings: A snapshot of Kraft Heinz’s Q1 2024 financial results

The Kraft Heinz Company (NASDAQ: KHC), a leading producer of food and beverages, Wednesday announced first-quarter results, reporting a decline in sales and a modest increase in adjusted profit. Net income attributable to common shareholders decreased to $801 million or $0.66 per share in the March quarter from $836 million or $0.68 per share in the […]

May 1, 2024 1 min read

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The Kraft Heinz Company (NASDAQ: KHC), a leading producer of food and beverages, Wednesday announced first-quarter results, reporting a decline in sales and a modest increase in adjusted profit. Net income attributable to common shareholders decreased to $801 million or $0.66 per share in the March quarter from $836 million or $0.68 per share in the […]
· May 1, 2024

The Kraft Heinz Company (NASDAQ: KHC), a leading producer of food and beverages, Wednesday announced first-quarter results, reporting a decline in sales and a modest increase in adjusted profit.

Kraft Heinz Q1 2024 earnings infographic

Net income attributable to common shareholders decreased to $801 million or $0.66 per share in the March quarter from $836 million or $0.68 per share in the prior-year quarter. On an adjusted basis, earnings rose to $0.69 per share in Q1 from $0.68 per share in the same period of 2023.

First-quarter sales edged down by 1% in $6.41 billion, with all three geographical segments — North America, International Developed Markets, and Emerging Markets — registering lower sales.

“Our first quarter results were in line with our expectations, with growth across each of our three strategic pillars – Global Away From Home, Emerging Markets, and North America Retail ACCELERATE Platforms – and continued sequential volume recovery,” said Kraft Heinz’s CEO Carlos Abrams-Rivera.