Kraft Heinz Expects Long-Term Organic Sales Growth Of 2%-3%
Portfolio Pulse from Lekha Gupta
Kraft Heinz (NASDAQ:KHC) announced its long-term growth outlook, expecting organic net sales growth of 2%-3% driven by a combination of regions, platforms, and channels. The company reported first-quarter FY23 sales growth of 7.3% YoY to $6.49 billion, beating consensus estimates.
June 20, 2023 | 4:07 pm
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Kraft Heinz expects long-term organic sales growth of 2%-3% across regions, platforms, and channels. Q1 FY23 sales growth of 7.3% YoY beat consensus estimates.
Kraft Heinz's announcement of its long-term growth outlook and better-than-expected Q1 FY23 sales growth indicates a positive outlook for the company. The expected organic net sales growth of 2%-3% across various regions, platforms, and channels shows that the company is well-positioned for growth. This news is likely to have a positive short-term impact on KHC's stock price.
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IMPORTANCE 80
RELEVANCE 100