Packaged food firm The Kraft Heinz Company (NASDAQ: KHC) on Wednesday reported higher sales and net profit for the fourth quarter of 2022.
Fourth quarter net sales increased 10% year-over-year to $7.38 billion, with strong contributions from both the North American and International segments.
Adjusted earnings increased 8% annually to $0.85 per share. Unadjusted profit was $890 million or $0.72 per share, compared to a loss of $257 million or $0.21 per share in the fourth quarter of 2021.
Looking for more insights on the earnings results? Click here to access the full transcripts of the latest earnings conference calls!
Most Popular
Kroger’s Q3 report likely to reflect consumer caution amid macro headwinds
The Kroger Co. (NYSE: KR) is preparing to report third-quarter results this week while navigating a challenging market environment. In the first half, the grocery chain's performance was not very
Estee Lauder (EL): A look at the challenges weighing down this beauty giant
Shares of The Estée Lauder Companies Inc. (NYSE: EL) rose over 2% on Monday. The stock has dropped 19% over the past three months. The beauty company had a disappointing
Hormel Foods (HRL) to report Q4 2024 earnings results, a look at what to expect
Shares of Hormel Foods Corporation (NYSE: HRL) rose over 1% on Friday. The stock has gained over 5% in the past one month. The branded food company is slated to
