---
schema_version: "secwatch.filing_event.v1"
accession: "0001637459-23-000141"
form_type: "8-K"
ticker: "KHC"
cik: "0001637459"
company_name: "Kraft Heinz Co"
filed_at: "2023-11-01T23:59:59+00:00"
generated_at: "2026-06-09T02:45:11.609160+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Kraft Heinz Q3 adj. EPS +14% to $0.72; FY guidance raised; President Int'l Markets departing

## Summary
- Q3 net sales $6.57B (+1% YoY); Organic net sales +1.7%; price +7.1pp, volume/mix -5.4pp.
- Adj. EPS $0.72 (+14.3%); Adj. EBITDA $1.565B (+11.9%); gross margin expanded 568bps to 34.0%.
- FY 2023 guidance: Adj. EPS raised to $2.91-$2.99 (from $2.83-$2.91); Constant Currency Adj. EBITDA growth raised to 5-7%.
- Net leverage target of ~3.0x reached, currently at 2.9x.
- Pedro Navio named President, North America; International zone split into three; Rafael Oliveira advisor through Mar 2024.

## SEC filing metadata
- accession: 0001637459-23-000141
- form_type: 8-K
- ticker: KHC
- cik: 0001637459
- company_name: Kraft Heinz Co
- filed_at: 2023-11-01T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000141/0001637459-23-000141-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000141/khc-20231101.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001637459-23-000141
- JSON: https://secwatch.observer/filing/0001637459-23-000141.json
- Plain text: https://secwatch.observer/filing/0001637459-23-000141.txt

## Key facts
- Earnings Releases
  Kraft Heinz Co reported financial results for the third quarter ended September 30, 2023.
  - Period: the third quarter ended September 30, 2023
  - Result: reported results
  source text: On November 1, 2023, The Kraft Heinz Company issued a press release announcing results for the third quarter ended September 30, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000141/0001637459-23-000141-index.htm
- Executive change
  Rafael Oliveira departed as President, International Markets at Kraft Heinz Co.
  - Action: separated
  - Role: President, International Markets
  source text: On November 1, 2023, the Company announced that, in connection with certain organizational changes, the position of President, International Markets, which is held by Rafael Oliveira, will be eliminated effective December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000141/0001637459-23-000141-index.htm
- Executive change
  Rafael Oliveira was appointed as Advisor at Kraft Heinz Co.
  - Action: appointed
  - Role: Advisor
  source text: Mr. Oliveira will remain with the Company as an Advisor through March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1637459/000163745923000141/0001637459-23-000141-index.htm

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