Categories AlphaGraphs, Consumer, Earnings
KHC Earnings: Highlights of Kraft Heinz’s Q4 2023 financial results
The Kraft Heinz Company (NASDAQ: KHC), a leading producer of food and beverages, Wednesday announced fourth-quarter results, reporting a decline in sales and profit.
Net income attributable to common shareholders decreased to $757 million or $0.61 per share in the December quarter from $890 million or $0.72 per share in the prior-year quarter. On an adjusted basis, earnings fell to $0.78 per share in Q4 from $0.85 per share in the same period of 2022.
The weak earnings performance reflects a 7% decline in net sales to $6.86 billion. Sales dropped 9% in North America while they remained unchanged year-over-year in the international market.
“We laid out action plans early in 2023 to drive market share and volume improvement – and they worked. We also executed well against our efficiency program, unlocking and powering it in large part with our tech-enabled Agile@Scale methodology,” said Kraft Heinz’s CEO Carlos Abrams-Rivera.
Prior Performance
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
CVX Earnings: Chevron reports lower revenue and profit for Q1 2024
Energy exploration company Chevron Corporation (NYSE: CVX) announced first-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation was $5.50 billion or
ABBV Earnings: AbbVie reports lower adj. profit for Q1 2024; revenue edges up
Specialty biopharmaceutical company AbbVie, Inc. (NYSE: ABBV) Friday announced first-quarter 2024 financial results, reporting a decline in adjusted earnings and a modest rise in revenues. The company reported worldwide net
CL Earnings: Key quarterly highlights from Colgate-Palmolive’s Q1 2024 financial results
Colgate-Palmolive Company (NYSE: CL) reported first quarter 2024 earnings results today. Net sales increased 6.2% year-over-year to $5.06 billion. Organic sales increased 9.8%. Net income attributable to Colgate-Palmolive Company was
