Kraft Heinz (KHC) Tops Q1 EPS by 8c; Raises Outlook

Kraft Heinz (NASDAQ: KHC) reported Q1 EPS of $0.68, $0.08 better than the analyst estimate of $0.60. Revenue for the quarter came in at $6.49 billion versus the consensus estimate of $6.38 billion.

GUIDANCE:

Kraft Heinz sees FY2023 EPS of $2.83-$2.91, versus the consensus of $2.72.

The Company reaffirms its expectation of 2023 Organic Net Sales(2) growth of 4 to 6 percent versus 2022. The Company is raising 2023 Constant Currency Adjusted EBITDA(1)(2) guidance to growth of 4 to 6 percent versus 2022, or 6 to 8 percent when excluding the impact from lapping the 53rd week in 2022.

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

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