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Kraft Heinz (KHC)
NASDAQ:KHC
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Earnings Data
Report Date
Feb 12, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.78Last Year’s EPS
$0.78Same Quarter Last Year
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: -11.19%
|Next Earnings Date:Feb 12, 2025
Earnings Call Sentiment|Neutral
While there are positive developments in emerging markets, productivity, and certain brand improvements, significant challenges remain in the U.S. retail sector, particularly with Lunchables and Spoonables, causing a cautious outlook.Company Guidance
During the Kraft Heinz Q3 2024 earnings call, Carlos Abrams-Rivera emphasized the company's continued commitment to its strategic pillars and highlighted several key metrics. The global away-from-home and emerging markets segments showed growth and momentum, while U.S. retail faced challenges. Despite a slower-than-expected return to their long-term growth algorithm, Abrams-Rivera noted a consistent delivery of best-in-class productivity exceeding 4% of COGS for five consecutive quarters. Lunchables posed a significant challenge, with sales down by 15% in Q3, prompting a charge due to an elongated recovery outlook. However, improvements were noted in products like Capri Sun and Mac & Cheese Cups, reflecting the company's strategic investments in innovation and marketing. The focus remains on driving profitable growth, with an eye on expanding gross margins through efficient supply chain management and reinvesting in the business for sustained long-term performance.Emerging Markets and Global Away-From-Home Growth
Emerging markets continue to deliver volume growth, and both global away-from-home and emerging markets are gaining momentum.
Consistent Productivity Improvements
Kraft Heinz has delivered consistent best-in-class productivity levels for five consecutive quarters above the 4% of COGS.
Mac & Cheese and Capri Sun Improvements
Mac & Cheese and Capri Sun brands have shown improvements with new flavors and formats contributing to growth.
Heinz Global Growth
Heinz brand globally grew by 4% in Q3, with a global brand value of $4.5 billion.
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KHC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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KHC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $34.36 | $33.31 | -3.06% |
| Jul 31, 2024 | $33.04 | $34.37 | +4.03% |
| May 01, 2024 | $37.26 | $35.01 | -6.04% |
| Feb 14, 2024 | $34.47 | $32.59 | -5.45% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Kraft Heinz (KHC) report earnings?
Kraft Heinz (KHC) is schdueled to report earning on Feb 12, 2025, TBA Not Confirmed.
What is Kraft Heinz (KHC) earnings time?
Kraft Heinz (KHC) earnings time is at Feb 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is KHC EPS forecast?
KHC EPS forecast for the fiscal quarter 2024 (Q4) is $0.78.
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