secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2024-05-01T23:59:59+00:00
Accession:  0001637459-24-000066
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kraft Heinz Q1 adj EPS $0.69 (+1.5% YoY); reaffirms FY24 outlook, raises gross margin view
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- Net sales $6.4B (-1.2%); Organic Net Sales -0.5% with price +2.7pp offset by volume/mix -3.2pp.
- Adjusted Operating Income $1.265B (+1.7%); gross margin up 240 bps to 35.0%.
- Diluted EPS $0.66 (-2.9%); Adjusted EPS $0.69 (+1.5%); FCF $477M (+116.8%).
- Reaffirms FY24: Organic Net Sales growth 0-2%, Adj. OI growth 2-4%, Adj. EPS $3.01-$3.07.
- Adj. gross margin expansion guidance raised to 50-100 bps from prior 25-75 bps; paid $486M dividends, $329M buybacks in Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000066/0001637459-24-000066-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000066/khc-20240501.htm
  HTML page:      https://secwatch.observer/filing/0001637459-24-000066

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