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Kraft Heinz (KHC 2.14%), the global food and beverage company behind iconic brands like Kraft, Heinz, and Oscar Mayer, released its fourth-quarter results on February 12, 2025. The company reported adjusted earnings per share (EPS) of $0.84, exceeding the anticipated $0.78, thanks largely to unexpected tax benefits and a reduced number of outstanding shares.
The company said it's “committed to making the necessary investments to drive top-line improvement, while remaining disciplined.”
Through filings, it was reported that Warren Buffett sold $133 billion of stocks in the first nine months of 2024 and bought less than $6 billion worth.
Kraft Heinz forecast annual profit below estimates on Wednesday, as the packaged food maker contends with sluggish demand for its higher-priced products including Lunchables and packaged meat.
PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the fourth quarter and full year 2024. “Although 2024 was a challenging year with our top line results coming in below our expectations, we remained disciplined in protecting profitability while driving industry-leading margins, generating strong cash flow, and returning $2.7 billion in capital to stockholders,” said Kraft Heinz CEO Carlos Abrams-Riv.
It's a battle of the stocks as Kraft Heinz Co. KHC and Restaurant Brands International Inc. QSR prepare to release their fourth-quarter earnings on Wednesday.
KHC's Q4 results are likely to reflect the impacts of an inflationary landscape, while pricing is likely to offer respite.
Berkshire Hathaway (BRK.A -0.83%) (BRK.B -0.94%) has consistently outperformed the S&P 500 ever since Warren Buffett took full control of the struggling textile maker in 1965. Under Buffett, Berkshire shuttered its textile business and acquired cash-rich insurance companies to fund the expansion of its investment portfolio, eventually making large investments in dozens of stocks and exchange-traded funds (ETFs).
Get a deeper insight into the potential performance of Kraft Heinz (KHC) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The average consumer staples company is offering investors a roughly 2.8% dividend yield. Conagra's (CAG 0.32%) 5.1% yield is much higher than that, with Kraft Heinz's (KHC -0.31%) 5.4% yield higher still.