Kraft Heinz: Q4 EPS up almost 8%
(CercleFinance.com) - Kraft Heinz reports adjusted EPS that is up 7.
7% to 84 cents, with almost flat adjusted operating profit (-0.3%) at $1.38bn for Q4 2024, notably thanks to price increases and efficiency measures. NB: pmt -5.6%.
Revenues fell by 4.1% to $6.58bn, including a 3.1% organic decline, as growth in emerging markets was more than offset by declines in North America and other developed markets.
For 2025, the food group anticipates target ranges of $2.63 to $2.74 for adjusted EPS, -4 to -1% for adjusted operating profit at constant exchange rates, and revenue (in organic terms) that is at best flat or down by up to -2.5%.
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