Kraft Heinz: quarter better than expected.

(CercleFinance.com) - Yesterday evening, Kraft Heinz reported Q4 accounts that were fairly robust, and above expectations.


The agri-food group recorded net income of 944 million dollars over the period, or 77 cents per share, compared with 285 million dollars, or 23 cents per share, the year before. Adjusted EPS came in at 91 cents, up 29 cents compared to the last 3 months of 2015 and 3 cents higher than the consensus.

Meanwhile, revenues fell 3.7% to 6.86 billion dollars, although analysts were more pessimistic, expecting an average of 6.74 billion dollars.

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