The Ratings Game: Kraft-Heinz shares battered after earnings miss by a wide mark [MarketWatch]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: MarketWatch
Kraft-Heinz shares battered after earnings miss by a wide mark An earlier version of this article had the incorrect number for EBITDA margins. It has been corrected. Kraft-Heinz Co. shares slid almost 10% Friday after the company missed profit estimates by a wide mark in its latest quarter, offsetting better-than-expected revenue. The stock KHC, -9.73% was last down 9.9% to mark its biggest one-day decline since July 6, 2015. The company posted net income of $630 million, or 51 cents a share, for the quarter, down from $944 million, or 77 cents a share, in the year-earlier period. Adjusted per-share earnings came to 78 cents a share, below the 81 cents FactSet consensus. Revenue rose to $6.37 billion from $6.28 billion to beat the revenue consensus of $6.31 billion. But EBITDA—or earnings before interest, taxes, depreciation and amortization—fell 14.4% to $1.616 billion, mostly due to investments made in brand and category, higher overhead costs and input costs, all of which combin
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KHC
News
- The Kraft Heinz Company (NASDAQ: KHC) had its price target raised by analysts at Deutsche Bank Aktiengesellschaft from $42.00 to $43.00. They now have a "buy" rating on the stock.MarketBeat
- Kraft Heinz (KHC) on Track With Pricing Actions Amid Inflation [Yahoo! Finance]Yahoo! Finance
- Global Cheese Market Expected to Surge to US$ 143.5 Billion by 2032 Amidst Technological Advancements and Evolving Consumer Preferences [Yahoo! Finance]Yahoo! Finance
- Southern Glazer's Wine & Spirits Promotes Drew Vermilion to Senior Vice President, Supply Chain Strategy & Chief of Staff [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz (KHC) Surpasses Market Returns: Some Facts Worth Knowing [Yahoo! Finance]Yahoo! Finance
KHC
Earnings
- 2/14/24 - Beat
KHC
Sec Filings
- 4/18/24 - Form 8-K
- 3/22/24 - Form PX14A6G
- 3/22/24 - Form ARS
- KHC's page on the SEC website