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.
The Kraft Heinz Company KHC is scheduled to release its financial results for the second quarter, before the opening bell on Wednesday, July 31.
High input costs and elevated marketing costs are a threat to profitability, while economic pressures on lower-income households have been hurting Kraft Heinz's (KHC) sales volumes.
Shares of Kraft Heinz haven't budged since they tumbled in 2017 and 2018. The reasons for this initial post-merger weakness, however, are finally abating.
In the closing of the recent trading day, Kraft Heinz (KHC) stood at $33.05, denoting a +0.76% change from the preceding trading day.
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.
Kraft Heinz (KHC) reachead $32.82 at the closing of the latest trading day, reflecting a -0.91% change compared to its last close.
In recent trading days, investors have been rotating from growth stocks to value stocks, creating a fertile ground for overlooked dividend stocks. With the spotlight having shone brightly on growth stocks during last year's rally, many dividend stocks have been left in the shadows.
In the closing of the recent trading day, Kraft Heinz (KHC) stood at $32.84, denoting a +1.7% change from the preceding trading day.
In the latest trading session, Kraft Heinz (KHC) closed at $32.29, marking a +0.69% move from the previous day.