Reports Q1 revenue $6.5B, consensus $6.4B."We delivered strong results in the first quarter of 2023, with net sales growth across both our North America and International zones that continues to be fueled by Foodservice, Emerging Markets, and U.S. Retail GROW platforms," said Kraft Heinz CEO and Chair of the Board Miguel Patricio. "I am very proud of the entire Kraft Heinz team as we continue to deliver on what we can control by unlocking efficiencies and reinvesting in our brands and capabilities. Our team’s continued focus on executing against the strategy is coming to fruition, but it’s not time to declare victory just yet. We remain committed to advancing our business transformation, and we are confident we have the right strategy in place to win with customers and consumers, and to deliver profitable growth and create value for our stockholders."
Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
Published first on TheFly
See today’s best-performing stocks on TipRanks >>
Read More on KHC:
- Whole Earth Brands announce new executive appointments, amends credit agreement
- Kraft Heinz price target lowered to $45 from $46 at Deutsche Bank
- Kraft Heinz resumed with a Buy at Stifel
- Kraft Heinz, BEES announce expanded partnership
- Kraft Heinz price target lowered to $46 from $49 at Deutsche Bank