Kraft Heinz: expects bottom of target range
(CercleFinance.com) - Kraft Heinz now anticipates the lower end of its target ranges for 2024, i.
e. $3.01 to $3.07 for adjusted EPS, +1% to +3% for adjusted operating profit growth, and -2% to 0% for organic revenue growth.
It reported Q3 2024 adjusted EPS that is up 4.2% to 75 cents, with adjusted operating profit up 1.4% at $1.33bn, thanks to price increases and efficiency measures, especially in procurement.
At $6.38bn, the food group's revenues fell by 2.8% in all, including a 2.2% organic decline, with a volume and mix effect of -3.4% that could not be offset by a 1.2% increase in prices.
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e. $3.01 to $3.07 for adjusted EPS, +1% to +3% for adjusted operating profit growth, and -2% to 0% for organic revenue growth.
It reported Q3 2024 adjusted EPS that is up 4.2% to 75 cents, with adjusted operating profit up 1.4% at $1.33bn, thanks to price increases and efficiency measures, especially in procurement.
At $6.38bn, the food group's revenues fell by 2.8% in all, including a 2.2% organic decline, with a volume and mix effect of -3.4% that could not be offset by a 1.2% increase in prices.
Copyright (c) 2024 CercleFinance.com. All rights reserved.