Kraft Heinz Q1 2024 Financial Snapshot: Sales Decrease, Profit Increases

Wednesday, 1 May 2024, 14:57

Get insights into the financial results of Kraft Heinz for Q1 2024. The post discusses the decline in sales and the uptick in adjusted profit reported by the company. Discover the key highlights of the earnings release and the impact on Kraft Heinz's performance.
https://store.livarava.com/5cbcdd87-07cb-11ef-a6c0-63e1980711b2.jpg
Kraft Heinz Q1 2024 Financial Snapshot: Sales Decrease, Profit Increases

Kraft Heinz Q1 2024 Financial Results Overview

The Kraft Heinz Company (NASDAQ: KHC) announced its first-quarter results, revealing a decrease in sales and a slight rise in adjusted profit. Net income attributed to common shareholders dropped to $801 million or $0.66 per share compared to $836 million or $0.68 per share in the previous year.

On an adjusted basis, earnings climbed to $0.69 per share in Q1 from $0.68 per share in the same quarter of 2023. First-quarter sales saw a 1% decline to $6.41 billion, with all geographical segments experiencing reduced sales.

Key Quotes

  • Kraft Heinz's CEO, Carlos Abrams-Rivera: "Our first quarter results were in line with expectations, showing growth across our strategic pillars - Global Away From Home, Emerging Markets, and North America Retail ACCELERATE Platforms."

Explore the latest financial performance of Kraft Heinz and its implications in the market.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe