secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2023-08-02T23:59:59+00:00
Accession:  0001637459-23-000110
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745923000110/0001637459-23-000110-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745923000110/khc-20230802.htm
  HTML page:      https://secwatch.observer/filing/0001637459-23-000110

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer