Kraft Heinz (NASDAQ:KHC) navigates challenges, posts growth in Q1
Full story: https://grafa.com/news/kraft-heinz--nasdaq-khc--navigates-challenges--posts-growth-in-q1-216228
The Kraft Heinz Company (NASDAQ:KHC) has disclosed its first quarter financial results for the year ending March 30, 2024, revealing a slight decrease in net sales by 1.2% and organic net sales by 0.5%.
Despite this, the company observed a 4.7% increase in operating income and a 1.5% increase in adjusted earnings per share (EPS) to $0.69.
The CEO, Carlos Abrams-Rivera, expressed satisfaction with the quarter's outcomes, highlighting strategic end-to-end efficiency improvements and reinvestments in the business as contributors to the company's sustained growth.
Looking forward, Kraft Heinz has reaffirmed its full-year outlook for 2024, maintaining confidence in its ability to achieve profitable growth within the projected range.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- Grafa·05-01Read the full story https://grafa.com/news/kraft-heinz--nasdaq-khc--navigates-challenges--posts-growth-in-q1-2162281Report