Deutsche Bank on Kraft Heinz Company (KHC): 'We view today's results as relatively disappointing'
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Go back to Deutsche Bank on Kraft Heinz Company (KHC): 'We view today's results as relatively disappointing'
February 14, 2024 7:01 AM EST
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--
The Kraft Heinz Company (Nasdaq: KHC) announced today that the Companys Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on March 29, 2024, to stockholders of record as of March 8, 2024.
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February 14, 2024 7:00 AM EST
Provides Full Year 2024 Outlook for Organic Net Sales(1)(2), Adjusted Operating Income(1)(2), and Adjusted EPS(1)(2)
Full Year Highlights
Net sales increased 0.6%, including a negative 1.8pp impact from a 53rd week in the prior year; Organic Net Sales(1) increased 3.4%
Gross profit margin increased 280 basis points to 33.5%; Adjusted Gross Profit Margin(1) increased 240 basis points to 33.7%
Net income increased 20.2%; Adjusted EBITDA(1) increased 5.1%, including a negative 2.1pp impact from a 53rd week in the prior year
Diluted EPS was $2.31, up 20.9%; Adjusted EPS(1) was $2.98, up 7.2%, including a negative 2.4pp...
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