Kraft Heinz (KHC) Tops Q3 EPS by 8c
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Kraft Heinz Reports Third Quarter 2020 Results
October 29, 2020 7:05 AM EDTQ3 net sales increased 6.0%; Organic Net Sales(1) increased 6.3% Q3 gross profit increased 20.4% Q3 operating income declined 2.8%, net income attributable to common shareholders decreased 33.7%, and diluted EPS decreased 33.8% due to charges related to the pending Cheese Transaction(2) Adjusted EBITDA(1) increased 13.5% and Adjusted EPS(1) increased 1.4% Full-year outlook raised to mid-single-digit Organic Net Sales(3) growth and high-single-digit Constant Currency Adjusted EBITDA(1)(3) growth
PITTSBURGH & CHICAGO--(BUSINESS WIRE)-- The Kraft Heinz Company (Nasdaq: KHC) (Kraft Heinz or the Company) today reported financial results for the... More
