Kraft Heinz Q1 EPS $0.68 (+13.3% adj.), raises FY adjusted EPS guidance to $2.83-$2.91

Kraft Heinz Co

2022-Q3 EPS reported $0.68 revenue$6,489,000,000

Q1 net sales $6.5B (+7.3% YoY); Organic net sales +9.4% on price +14.7pp, volume/mix -5.3pp.
Adjusted EPS $0.68 (+13.3% YoY), GAAP diluted EPS $0.68 (+7.9%); Adjusted EBITDA $1.48B (+10.3%).
Raised FY 2023 Constant Currency Adjusted EBITDA growth guidance to 4-6% (6-8% ex-53rd week).
Raised FY Adjusted EPS guidance to $2.83-$2.91; adjusted gross margin expansion of +125-175 bps expected.
North America net sales +6.2%, International +11.1%; growth fueled by Foodservice, Emerging Markets, U.S. Retail GROW.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Kraft Heinz Co reported the first quarter ended April 1, 2023 results: revenue $6,489, net income $837 million, EPS $0.68. Guidance raised.

Period: the first quarter ended April 1, 2023
Revenue: $6,489
Net income: $837 million
EPS: $0.68
Guidance: raised
Result: reported results

Exact text from the filing

Rate Price Volume/Mix For the Three Months Ended North America $ 4,885 $ 4,601 6.2 % 6.7 % 13.2 pp (6.5) pp International 1,604 1,444 11.1 % 18.1 % 19.3 pp (1.2) pp Kraft Heinz $ 6,489 $ 6,045 7.3 % 9.4 % 14.7 pp (5.3) pp 1 Net Income/(Loss) and Diluted EPS In millions, except per share data For the Three Months Ended April 1, 2023 March 26, 2022 % Chg vs PY

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Source: SEC EDGAR

accession 0001637459-23-000045

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