Kraft Heinz: Q2 EPS up 13%
(CercleFinance.com) - Kraft Heinz has reported Q2 2023 adjusted EPS that is up 12.
9% at $0.79, with adjusted EBITDA up 6% to $1.61bn, on sales growth of 2.6% to $6.72bn.
Supported mainly by international markets, the food group's sales rose by 4% on an organic basis, with price increases accounting for 11 points - more than offsetting a 7-point contraction in volumes.
The company says that the action plans that it drew up in Q1 have led to an improvement in market share trends every month, with management reiterating its full-year outlook.
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