Kraft Heinz Reports Second Quarter 2022 Results

Kraft Heinz (KHC) Further 'Underperformance Seems Unlikely'

Kraft Heinz (NASDAQ: KHC) reported results Wednesday, topping earnings and revenue expectations, but its share price closed the session 5.95% lower.

However, analysts at Stifel and Goldman Sachs upgraded the stock, with one stating that further underperformance seems unlikely.

Goldman Sachs analyst Jason English said in a note to investors that following the results, they were surprised the stock sold... More

Goldman Sachs Upgrades Kraft Heinz Company (KHC) to Neutral

Goldman Sachs analyst Jason English upgraded Kraft Heinz Company (NASDAQ: KHC) from Sell to Neutral with a price target of $37.00.

The analyst comments "KHC reported a roughly in-line quarter with organic sales beating while gross margins missed, as has been the common pattern in Food this quarter. As a result, it raised its full year sales outlook, while keeping EBITDA... More

Kraft Heinz (KHC) Stock Tumbles But Results 'As Expected' State Analysts

Kraft Heinz (NASDAQ: KHC) shares are down Wednesday after it reported earnings for its latest quarter before the open.

Despite topping estimates, posting second-quarter earnings of $0.70 per share, $0.02 better than the analyst estimate of $0.68, its shares have tumbled more than 7%. Revenue for the quarter also beat estimates, coming in at $6.6 billion versus the $6.38 billion expected.

However, EBITDA of $1.52 billion... More

Kraft Heinz (KHC) Tops Q2 EPS by 2c

Kraft Heinz (NASDAQ: KHC) reported Q2 EPS of $0.70, $0.02 better than the analyst estimate of $0.68. Revenue for the quarter came in at $6.6 billion versus the consensus estimate of $6.38 billion.

Outlook:

The Company continues to expect strong financial performance in 2022. The Company is... More