Shares of food producer Kraft Heinz (KHC -3.67%) posted a significant price drop on Wednesday morning. A mixed fourth-quarter report left a bad taste in investors' mouths, and the stock opened 7.9% lower.
KHC's Q4 adjusted earnings of 84 cents per share increase 7.7% year over year, whereas net sales decline 4.1%.
The headline numbers for Kraft Heinz (KHC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
The Kraft Heinz Company (NASDAQ:KHC ) Q4 2024 Earnings Conference Call February 12, 2025 9:00 AM ET Company Participants Anne-Marie Megela - Global Head, Investor Relations Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Executive Vice President & Global Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Peter Galbo - Bank of America John Baumgartner - Mizuho Securities Ken Goldman - JPMorgan Leah Jordan - Goldman Sachs Tom Palmer - Citi Michael Lavery - Piper Sandler Chris Carey - Wells Fargo Securities Alexia Howard - Bernstein Operator Good morning, and welcome to The Kraft Heinz Company Quarter Four 2024 Earnings. At this time, all participants are in a listen-only mode.
Kraft Heinz (KHC) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.78 per share a year ago.
The Kraft Heinz Company (NASDAQ:KHC ) Q4 2024 Earnings Conference Call (Pre-Recorded) February 12, 2025 8:00 AM ET Company Participants Anne-Marie Megela - Global Head, Investor Relations Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Executive Vice President & Global Chief Financial Officer Conference Call Participants Anne-Marie Megela Hello. This is Anne-Marie Megela, Head of Global Investor Relations at The Kraft Heinz Company.
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.”
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.
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.
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.