Kraft Heinz tops profit views but misses on sales, as volume fell more than prices were raised
Kraft Heinz(KHC) Market Watch·2024-02-14 20:12
Shares of Kraft Heinz Co. KHC were little changed premarket trading Wednesday, food, condiment and beverage company topped fourth-quarter profit expectations but fell short on sales, as volume fell more than prices increased. Net income declined to $757 million, or 61 cents a share, from $890 million, or 72 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 78 cents was above the FactSet consensus of 77 cents. Sales declined 7.1% to $6.86 billion, below the F ...