Kraft Heinz Q3 Results: Earnings Beat, Revenue Dips, Sees 'Elongated Recovery' Across US Retail Business
Portfolio Pulse from Nabaparna Bhattacharya
Kraft Heinz reported Q3 earnings that beat expectations but missed on revenue, leading to a drop in share price. The company anticipates a slow recovery in its US retail business and projects lower-end growth for fiscal year 2024.
October 30, 2024 | 1:56 pm
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Kraft Heinz reported Q3 earnings that beat expectations but missed on revenue, leading to a 3.59% drop in share price. The company expects a slow recovery in its US retail business and projects lower-end growth for fiscal year 2024.
Kraft Heinz's earnings beat expectations, but revenue fell short, causing a negative market reaction with shares dropping 3.59%. The company's outlook for fiscal year 2024 is at the lower end of previous guidance, indicating potential challenges ahead, particularly in the US retail sector.
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IMPORTANCE 80
RELEVANCE 100