Kraft Heinz (KHC) Q4 Earnings Surpass Estimates, Sales Lag
Zacks Investment Research | Feb 12, 2020 10:37PM ET
The Kraft Heinz Company (NASDAQ:KHC) reported fourth-quarter 2019 results, with the bottom line surpassing the Zacks Consensus Estimate and the top line lagging the same. However, both metrics declined year over year.
Q4 in Detail
Adjusted earnings per share of 72 cents surpassed the consensus mark of 68 cents. However, the bottom line declined 14.3% year over year.
Net sales declined 5.1% year over year to $6,536 million. Also, the figure lagged the Zacks Consensus Estimate of $6,579 million. Net sales growth included 0.6% and 2.3% unfavorable impacts of currency and divestitures, respectively. Organic sales dipped 2.2%.
Pricing was up 2%, driven by price improvements in the United States, Rest of World and EMEA markets. Volume/mix fell 4.2% due to lower volumes in the United States. Also, volumes in Rest of World segment were down to some extent.
The Kraft Heinz Company Price, Consensus and EPS Surprise
industry ’s growth of 11.9%.
Top Picks
Pilgrim's Pride Corporation (NASDAQ:PPC) , which sports a Zacks Rank #1 (Strong Buy), has a long-term earnings growth rate of 22.5%. You can seeZacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.