The Kraft Heinz Company (NASDAQ: KHC), a leading food and beverage manufacturer, has announced financial results for the fourth quarter of 2024.
- The company’s fourth-quarter net sales decreased 4.1% annually to $6.58 billion; Organic net sales dropped 3.1%
- In North America and International Developed Markets, sales declined 3.9% and 3.6% respectively during the quarter
- In Emerging Markets, net sales declined 6.8% year-over-year in the final three months of fiscal 2024
- Q4 gross profit margin increased 30 basis points to 34.1%; adjusted gross profit margin decreased 40 basis points to 34.4%
- Kraft Heinz reported an operating loss of $40 million for Q4, compared to a profit of $1.3 billion a year earlier
- Earnings, on a per-share basis, more than doubled to $1.76 in the December quarter; adjusted earnings per share rose 7.7% annually to $0.84
The post Earnings Summary: A snapshot of Kraft Heinz’s Q4 2024 report first appeared on AlphaStreet.
The Kraft Heinz Company (NASDAQ: KHC), a leading food and beverage manufacturer, has announced financial results for the fourth quarter of 2024. The company’s fourth-quarter net sales decreased 4.1% annually
The post Earnings Summary: A snapshot of Kraft Heinz’s Q4 2024 report first appeared on AlphaStreet.
The Kraft Heinz Company (NASDAQ: KHC), a leading food and beverage manufacturer, has announced financial results for the fourth quarter of 2024.
- The company’s fourth-quarter net sales decreased 4.1% annually to $6.58 billion; Organic net sales dropped 3.1%
- In North America and International Developed Markets, sales declined 3.9% and 3.6% respectively during the quarter
- In Emerging Markets, net sales declined 6.8% year-over-year in the final three months of fiscal 2024
- Q4 gross profit margin increased 30 basis points to 34.1%; adjusted gross profit margin decreased 40 basis points to 34.4%
- Kraft Heinz reported an operating loss of $40 million for Q4, compared to a profit of $1.3 billion a year earlier
- Earnings, on a per-share basis, more than doubled to $1.76 in the December quarter; adjusted earnings per share rose 7.7% annually to $0.84
Listen to the conference calls as they happen. Don’t miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Snap (SNAP): Here’s a look at some of its strong points
Shares of Snap Inc. (NYSE: SNAP) were down 2% on Friday. The stock has gained 3% over the past three months. The technology company delivered strong revenue and earnings growth
AMAT Earnings: Applied Materials Q1 2025 adj. profit rises on higher sales
Applied Materials, Inc. (NASDAQ: AMAT), a leading supplier of equipment and software for manufacturing semiconductor chips and flat panel displays, Thursday reported an increase in sales and adjusted earnings for
Cisco Systems (CSCO) bets on strong AI demand to drive growth
After starting the fiscal year on a weak note, Cisco Systems Inc. (NASDAQ: CSCO) has regained momentum, reporting higher second-quarter revenue and profit that beat analysts’ estimates. The company is
Tags