Kraft Heinz Q3 2024 Adj. EPS $0.75 Beats $0.74 Estimate, Sales $6.383B Miss $6.417B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kraft Heinz reported Q3 2024 earnings per share of $0.75, slightly beating the estimate of $0.74. However, sales were $6.383 billion, missing the $6.417 billion estimate and showing a 2.85% decrease from the previous year.
October 30, 2024 | 11:01 am
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Kraft Heinz's Q3 2024 earnings per share of $0.75 beat expectations, but sales of $6.383 billion missed estimates and decreased from last year.
The slight EPS beat is positive, but the sales miss and year-over-year decline could offset this, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100