Kraft Heinz: exceeds consensus in Q1

(CercleFinance.com) - Kraft Heinz has reported Q1 net income that is up 11.
1% at 993 million dollars, or 81 cents per share.

Adjusted EPS rose by 6% to 89 cents, exceeding the consensus by seven cents.

Adjusted EBITDA fell 2.6% to 1.8 billion dollars, with sales almost stable (-0.3%) at 6.3 billion dollars, with a positive FX impact having largely offset a 1.5% decline in sales in organic terms.

Reporting performance that was in line, if not higher than the expectations provided in February, CEO Bernardo Hees is more confident in achieving the group's 2018 targets for sales and earnings growth.



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