Tilray Brands made strides toward profitability in its most recent quarter, but there's still ample risk for investors. Walgreens Boots Alliance's strategy to achieve long-term growth has been an ambitious one, and it hasn't paid off just yet.
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Like most branded consumer products companies, Kraft Heinz is refocusing around its best brands. Around two-thirds of sales come from its top brands.
Kraft Heinz has a stable portfolio of brands that can fund consistent dividend payments. Investors can benefit from the long-term growth of UPS and get paid an annual dividend yield of 5%.
The Kraft Heinz Company KHC reported better-than-expected second-quarter adjusted EPS results on Wednesday.
BofA Securities analyst Bryan D. Spillane reiterated the Buy rating on The Kraft Heinz Company KHC, raising the price forecast to $40 from $38.
Kraft Heinz has been struggling to capitalize on all the potential efficiencies stemming from 2015's merger. The food powerhouse, however, is finally proving this merger is capable of making financial sense.
Kraft Heinz's (KHC) second-quarter 2024 results reflect lower sales and earnings on weakening consumer sentiment. Management lowers its 2024 organic net sales.
The Kraft Heinz Company (NASDAQ:KHC ) Q2 2024 Results Conference Call July 31, 2024 9:00 AM ET Company Participants Anne-Marie Megela - Head of Global Investor Relations Carlos Abrams-Rivera - Chief Executive Officer Andre Maciel - Executive Vice President and Global Chief Financial Officer Conference Call Participants Andrew Lazar - Barclays Ken Goldman - JPMorgan Steve Powers - Deutsche Bank John Baumgartner - Mizuho Securities Michael Lavery - Piper Sandler David Palmer - Evercore Robert Moskow - TD Cowen Operator Good day, and thank you for standing by. Welcome to The Kraft Heinz Company Second Quarter Results Conference Call.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) reported mixed results for the second quarter of 2024, with adjusted earnings slightly exceeding analyst expectations but revenue falling short. The company also adjusted its sales growth outlook for the year, citing cautious consumer sentiment.
Kraft Heinz (KHC) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.79 per share a year ago.
Shares of Kraft Heinz Co. KHC gained 0.5% in premarket trading Wednesday, after the food and beverage brands company beat profit expectations but missed on sales, citing a continued “cautious” consumer. Net income dropped to $102 million, or 8 cents a share, from $1 billion, or 81 cents a share, in the year-ago period.