secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2024-07-31T23:59:59+00:00
Accession:  0001637459-24-000125
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kraft Heinz Q2 net sales down 3.6%; lowers full-year organic sales and AOI outlook
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- Net sales $6.5B, down 3.6% YoY; organic net sales down 2.4% on volume/mix decline of 3.4pp.
- GAAP diluted EPS $0.08 (down 90.1%) due to $854M non-cash impairment; adjusted EPS $0.78 (down 1.3%).
- Adjusted operating income +2.0% to $1.38B; gross margin expanded 210bps to 35.5%.
- FY2024 guidance lowered: organic net sales now -2% to 0% (prior 0-2%); adjusted OI growth 1-3% (prior 2-4%).
- Adjusted EPS reaffirmed at $3.01-$3.07 (growth 1-3%); YTD returned $1.5B via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000125/0001637459-24-000125-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000125/khc-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001637459-24-000125

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