earnings
confidence high
sentiment positive
materiality 0.75
Kraft Heinz Q4 EPS $0.72 beats prior year; guides 2023 organic sales growth 4-6%
Kraft Heinz Co
2022-FY EPS reported
$1.91
revenue$26,485,000,000
- Q4 net sales $7.4B (+10%); organic net sales +10.4%; diluted EPS $0.72 vs ($0.21); adjusted EPS $0.85 vs $0.79.
- FY22 net sales $26.5B (+1.7%); organic net sales +9.8%; diluted EPS $1.91 vs $0.82; adjusted EPS $2.78 vs $2.93.
- FY22 adjusted EBITDA $6.0B (-5.8%) on supply chain inflation; Q4 adjusted EBITDA +8.6% to $1.7B.
- 2023 outlook: organic net sales growth 4-6%; constant currency adj. EBITDA growth 2-4%; adj. EPS $2.67-$2.75.
- FY22 free cash flow $1.6B, down 65.2% due to inventory rebuild and lower EBITDA.