Categories Consumer, Earnings

Kraft Heinz (KHC): Q4 2019 Earnings Snapshot

— The Kraft Heinz Company (NASDAQ: KHC) reported Q4 2019 earnings of $0.72 per share, vs. $0.68 expected.

— Sales fell 5.1% to $6.5 billion, vs. $6.6 billion expected.

Kraft Heinz reports Q4 2019 earnings results

— US net sales fell 2.7% to $4.7 billion.

— Canada net sales dropped 23.8% to $457 million.

— EMEA net sales were down 0.5% to $689 million.

— Rest of World net sales decreased 10.1% to $708 million.

— Kraft Heinz declared a quarterly dividend of $0.40 per common share, payable on March 27, 2020, to stockholders of record as of March 13, 2020.

— KHC shares were down 1.4% in premarket hours on Thursday.

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