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.