Kraft Heinz (KHC) Tops Q1 EPS by 3c

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Kraft Heinz Reports First Quarter 2020 Results

April 30, 2020 7:05 AM EDT

PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz or the Company) today reported first quarter 2020 financial results that reflected higher net sales and Organic Net Sales(1) growth due to strong demand for its leading brands, as well as the impact of divestitures, unfavorable currency, and higher costs versus the prior year.

Our first quarter results reflect how strongly our employees have responded to the global COVID-19 challenge and the exceptional level of service our teams have demonstrated during this critical time; and for that, it is an incredible... More