Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) has warned its recovery in the US will take longer than expected after underwhelming against revenue expectations over the third quarter. Net sales fell by 2.8% to $6.38 billion over the three months to September, the ketchup maker reported on Wednesday, undershooting estimates for $6.43 billion.
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Get a deeper insight into the potential performance of Kraft Heinz (KHC) for the quarter ended September 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
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KHC's Q3 results are likely to reflect struggles related to a difficult consumer environment, while pricing should aid margins.
Kraft Heinz (KHC) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
In the latest trading session, Kraft Heinz (KHC) closed at $35.49, marking a -1.42% move from the previous day.
Kraft Heinz remains a solid investment for income and value investors, with a well-covered 4.4% dividend yield and strong brand innovation post-3G Capital's cost-cutting era. Despite modest volume declines, KHC offset this through strategic price increases and improved margins, leading to a high single-digit rise in free cash flow. With a forward P/E of 11.9, a commitment to deleveraging, and estimated 5-7% EPS growth over the next three years, KHC is well-positioned for strong long-term returns.
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In the closing of the recent trading day, Kraft Heinz (KHC) stood at $35.36, denoting a +0.4% change from the preceding trading day.
Just because most investors and analysts aren't big fans right now doesn't mean there's not good opportunity here.
In the most recent trading session, Kraft Heinz (KHC) closed at $34.61, indicating a +0.06% shift from the previous trading day.