Kraft Heinz Q4 net sales -7.1% YoY, FY Adj EPS +7.2% to $2.98; guides FY24 Adj EPS $3.01-3.07

Kraft Heinz Co

2023-FY EPS reported $2.31 revenue$26,640,000,000

Q4 net sales $6.86B (-7.1% YoY); Organic Net Sales -0.7%; net income $757M (-14.6%); diluted EPS $0.61 (-15.3%).
Full year 2023 net sales $26.64B (+0.6%); Adj EBITDA $6.307B (+5.1%); Adj EPS $2.98 (+7.2%).
FY2024 guidance: Organic Net Sales growth 0-2%; Adj Operating Income growth 2-4%; Adj EPS $3.01-$3.07.
Ended 2023 at target Net Leverage ~3.0x; $3.0B share repurchase program announced with $2.7B remaining.

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 fourth quarter and full year ended December 30, 2023 results: revenue $26,640, net income $2,846, EPS $2.31.

Period: fourth quarter and full year ended December 30, 2023
Revenue: $26,640
Net income: $2,846
EPS: $2.31
Result: reported results

Exact text from the filing

% (0.7) % 3.7 pp (4.4) pp For the Year Ended North America $ 20,126 $ 20,340 (1.0) % 1.0 % 7.5 pp (6.5) pp International 6,514 6,145 6.0 % 11.5 % 13.6 pp (2.1) pp Kraft Heinz $ 26,640 $ 26,485 0.6 % 3.4 % 8.9 pp (5.5) pp Net Income/(Loss) and Diluted EPS In millions, except per share data For the Three Months Ended For the Year Ended December 30, 2023 December

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Source: SEC EDGAR

accession 0001637459-24-000013

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