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.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100