Kraft Heinz Q2 beats: EPS $0.81 up 285.7%, raises margin outlook

Kraft Heinz Co

2023-Q2 EPS reported $1.49 revenue$13,210,000,000

Net sales $6.72B (+2.6% YoY); Organic Net Sales +4.0%.
Diluted EPS $0.81 (up 285.7%); Adjusted EPS $0.79 (up 12.9%) vs $0.70 YoY.
Adjusted EBITDA $1.61B (+6.0% YoY); Adjusted Gross Profit Margin up 180 bps to 33.3%.
Raises 2023 Adjusted Gross Profit Margin expansion outlook to +150-200 bps (prior +125-175).
Reaffirms FY23 guidance: Organic Net Sales +4-6%, Adj EPS $2.83-$2.91.

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 second quarter ended July 1, 2023 results: revenue $6,721, net income $998 million, EPS $0.81. Guidance reaffirmed.

Period: the second quarter ended July 1, 2023
Revenue: $6,721
Net income: $998 million
EPS: $0.81
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Adjusted EBITDA (1) increased 6.0% • Diluted EPS was $0.81, up 285.7%; Adjusted EPS (1) was $0.79, up 12.9% PITTSBURGH & CHICAGO - Aug.

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Source: SEC EDGAR

accession 0001637459-23-000110

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