Kraft Heinz: Q4 EPS up nearly 8%
(CercleFinance.com) - Kraft Heinz has reported adjusted Q4 2022 EPS that is up 7.
6% at $0.85, with adjusted EBITDA that rose 8.6% to 1.74 bilion dollars, on revenue that increased 10% to 7.38 billion dollars (+10.4% in organic terms).
The food group said that a price effect of 15.2 points, aimed mainly at mitigating the rise in input costs, largely offset negative volume and mix effects of 4.8 points, which it attributed to its pricing measures.
With FY adjusted EPS of $2.78 and organic sales growth of 9.8% for 2022, Kraft Heinz said it expects target ranges for 2023 of $2.67-$2.75 and 4%-6% respectively.
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