Kraft Heinz Beats On Q2 Earnings, But Revenue Misses On US Market Share Headwinds
Portfolio Pulse from Shivani Kumaresan
Kraft Heinz Company (NASDAQ:KHC) reported Q2 FY23 sales growth of 2.6% to $6.72 billion, missing the analyst consensus of $6.81 billion. Adjusted EPS of $0.79 beat the analyst consensus of $0.74. The company declared a quarterly dividend of $0.40 per share. Despite facing headwinds in the US market share performance, the company reiterated its full-year outlook. KHC shares are trading lower by 0.61% at $35.66 in premarket.
August 04, 2023 | 11:11 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kraft Heinz's Q2 FY23 sales missed analyst expectations, but EPS beat estimates. The company reiterated its full-year outlook despite US market share headwinds.
Kraft Heinz's Q2 sales missed analyst expectations, which could negatively impact investor sentiment and put downward pressure on the stock. However, the company's EPS beat estimates and it reiterated its full-year outlook, which could provide some support to the stock. The company's shares are already trading lower in premarket, indicating a negative short-term impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100