Kraft Heinz (KHC) Reports Q2 EPS of $0.92

Kraft Heinz (NASDAQ: KHC) reported Q2 EPS of $0.92, versus $0.80 reported last year. Revenue for the quarter came in at $4.52 billion, versus $4.75 billion reported last year.

“The company is focused on the difficult and challenging process of integrating our two businesses,” said Kraft Heinz CEO Bernardo Hees. “We have a lot of hard work ahead of us as we continue to design our new organization, always putting our consumers first.”

The company remains confident in its ability to deliver against its initial financial expectations for the merger of Kraft and Heinz, including its expectation to generate aggressive, run-rate cost savings of $1.5 billion by the end of 2017, inclusive of savings from productivity and cost savings initiatives contemplated prior to the merger. As a matter of practice, however, Kraft Heinz does not expect to issue or update earnings guidance going forward.

For earnings history and earnings-related data on Kraft Heinz (KHC) click here.

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