International Market PerformanceInternational developed markets' sales and margins beat expectations, with positive volume and mix outcomes.
Supply Chain EfficiencySupply chain efficiencies are expected to drive gross margin expansion, with improvements through digitalization and cost discipline.
Valuation And Return PotentialThe continued Buy rating is bolstered by KHC’s depressed valuation versus other food stocks and the belief that KHC can provide high-single digit shareholder returns annually between the dividend and share repurchases.