Kraft Heinz Q1 2024 Adj. EPS $0.69, Inline, Sales $6.410B Miss $6.429B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz (NASDAQ:KHC) reported Q1 2024 earnings per share of $0.69, meeting analyst estimates, with a 1.47% increase from the previous year. However, their quarterly sales of $6.410 billion fell short of the $6.429 billion estimate, marking a 1.22% decrease from the previous year.
May 01, 2024 | 11:01 am
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Kraft Heinz reported Q1 2024 earnings per share of $0.69, aligning with estimates, and a slight miss in sales at $6.410 billion against a $6.429 billion forecast.
Kraft Heinz's earnings per share meeting expectations indicates stability, but the slight miss in sales forecasts could signal a minor concern for revenue growth. The impact on the stock price is likely neutral in the short term as the earnings align with expectations, offsetting the minor sales miss.
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IMPORTANCE 75
RELEVANCE 100