---
schema_version: "secwatch.filing_event.v1"
accession: "0001637459-23-000045"
form_type: "8-K"
ticker: "KHC"
cik: "0001637459"
company_name: "Kraft Heinz Co"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:08:58.224623+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001637459-23-000045
- form_type: 8-K
- ticker: KHC
- cik: 0001637459
- company_name: Kraft Heinz Co
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000045/0001637459-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000045/khc-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637459-23-000045
- JSON: https://secwatch.observer/filing/0001637459-23-000045.json
- Plain text: https://secwatch.observer/filing/0001637459-23-000045.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000045/0001637459-23-000045-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.