KHC Stock Recent News

While the top- and bottom-line numbers for Kraft Heinz (KHC) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Shares of Kraft Heinz (KHC) are down Wednesday morning after the company posted fourth-quarter revenue that missed expectations. It was the third straight quarter revenue fell short of estimates.

From dollar store shoppers to wealthier club store members, consumers are seeking value. So said Kraft Heinz CEO Carlos Abrams-Rivera, addressing his company's 7.1% quarterly sales drop during an earnings call Wednesday (Feb. 14).

Kraft Heinz's (KHC) 4Q adjusted EPS came in at $0.78 versus an estimated $0.77 and revenue came in at $6.86B versus an estimated $6.97B. Morningstar's Erin Lash and TD Cowen's Rob Moskow discuss these earnings.

The Kraft Heinz Company (KHC) Q4 2023 Summary Earnings Call Transcript

Sales volume is dropping for Kraft Heinz and its profit growth is meager. Guidance for 2024 suggest ongoing tepid growth and modest profit improvements.

Kraft Heinz CEO Carlos Abrams-Rivera joins 'Money Movers' to discuss the company's quarterly earnings results, whether the North American consumer will trace prices to the downside, and more.

Kraft Heinz Co (NASDAQ:KHC) stock is headed for its worst day since January 2023, down 5.3% at $34.22 at last glance.

Kraft Heinz's (KHC) fourth-quarter 2023 results reflect a lower volume/mix, though pricing remains an upside. Management expects growth in 2024.

Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) shares fell by more than 5% in early trade on Wednesday as the food and beverage manufacturer reported a larger-than-expected decline in fourth quarter sales and projected slower sales growth for 2024. For the quarter, Kraft Heinz saw its sales fall by 7.1% year-over-year to $6.86 billion, below the consensus estimate of $6.97 billion.