Kraft Heinz Q4 Adj. EPS $0.78 Beats $0.77 Estimate, Sales $6.86B Miss $6.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz (NASDAQ:KHC) reported Q4 adjusted EPS of $0.78, surpassing the $0.77 estimate, but its sales of $6.86B fell short of the $6.98B estimate. This represents a decrease in both earnings and sales compared to the same period last year.
February 14, 2024 | 12:01 pm
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NEUTRAL IMPACT
Kraft Heinz reported a mixed Q4 with an EPS beat but a miss on sales, showing a year-over-year decline in both earnings and revenue.
The mixed results with an EPS beat but a sales miss could lead to neutral short-term stock price movement. Investors might be encouraged by the earnings beat, but concerned about the sales miss and year-over-year declines.
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