Kraft Heinz Q2 2024 Adj. EPS $0.78 Beats $0.74 Estimate, Sales $6.476B Miss $6.553B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz (NASDAQ:KHC) reported Q2 2024 adjusted EPS of $0.78, beating the estimate of $0.74. However, sales of $6.476 billion missed the estimate of $6.553 billion and were down 3.65% year-over-year.
July 31, 2024 | 11:01 am
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Kraft Heinz reported Q2 2024 adjusted EPS of $0.78, beating the estimate of $0.74. However, sales of $6.476 billion missed the estimate of $6.553 billion and were down 3.65% year-over-year.
The mixed results, with EPS beating estimates but sales missing and declining year-over-year, suggest a neutral short-term impact on the stock price. Investors may be concerned about the sales decline despite the EPS beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100