secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2024-02-14T23:59:59+00:00
Accession:  0001637459-24-000013
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000013/0001637459-24-000013-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000013/khc-20240214.htm
  HTML page:      https://secwatch.observer/filing/0001637459-24-000013

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