Kraft Heinz: H1 2019 adjusted EPS down 24%

(CercleFinance.com) - Kraft Heinz has published H1 2019 net profit that has halved to 854 million dollars, or 70 cents per share: adjusted EPS fell by nearly 24% to 1.
44 dollar.

Adjusted EBITDA fell by 19% to 3.03 billion dollars, with sales down 4.8% to nearly 12.4 billion dollars; with negative FX and scope effects added at an organic decline of 1.5%.

In addition to the decline in sales, the agri-food group explains that its results, "reflected the adverse impacts of ongoing cost inflation, greater investments, and higher depreciation and amortization expenses".


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