JPMorgan Upgrades Kraft Heinz Company (KHC) to Overweight

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Go back to JPMorgan Upgrades Kraft Heinz Company (KHC) to Overweight

The Kraft Heinz Company Reports Fourth Quarter and Full Year 2015 Results

February 25, 2016 4:10 PM EST

Kraft Heinz Reports Solid Financial Performance with Integration on Track

Q4 GAAP net sales increased 155% due to the merger of Kraft and Heinz; Pro Forma Organic Net Sales(1) decreased 3.1% Q4 GAAP operating income increased 266%; Adjusted Pro Forma EBITDA(1) grew 20.3% on a constant currency basis, including an approximate 4.5 percentage point benefit from a 53rd week of shipments Q4 GAAP diluted EPS was $0.23; Adjusted Pro Forma EPS(1) was $0.62, including an approximate $0.03 benefit from a 53rd week of... More