Kraft Heinz Q2 EPS $0.79 Beats $0.74 Estimate, Sales $6.72B Miss $6.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz (NASDAQ:KHC) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.74 by 6.76%. However, the company's quarterly sales of $6.72 billion missed the analyst consensus estimate of $6.81 billion by 1.31%. This represents a 12.86% increase in earnings and a 2.55% increase in sales compared to the same period last year.
August 04, 2023 | 10:55 am
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Kraft Heinz's Q2 earnings beat estimates but sales fell short. This mixed result could lead to uncertainty in the market.
Kraft Heinz's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The mixed results could lead to uncertainty in the market, potentially impacting the stock price.
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