Kraft Heinz Co Is Now Expecting Year-Over-Year Expansion In Gross Margin For 2023 To Be Between 150-200 Basis Points
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz Co has updated its forecast for 2023, now expecting a year-over-year expansion in gross margin to be between 150-200 basis points.
August 04, 2023 | 11:06 am
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Kraft Heinz Co's updated forecast for 2023 indicates an expected increase in gross margin, which could positively impact the company's profitability and potentially its stock price.
Gross margin is a key profitability indicator. An increase in gross margin means the company is expecting to make more profit on each dollar of sales, which could lead to increased earnings and potentially a higher stock price. This news is highly relevant to KHC as it directly pertains to their financial forecast.
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