secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2023-05-03T23:59:59+00:00
Accession:  0001637459-23-000045
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745923000045/0001637459-23-000045-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745923000045/khc-20230503.htm
  HTML page:      https://secwatch.observer/filing/0001637459-23-000045

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