secwatch.observer — SEC 8-K summary
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Issuer:     Kraft Heinz Co (KHC)
CIK:        0001637459
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001637459-24-000138
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Kraft Heinz Q3 net sales down 2.8%; posts $1.4B impairment; narrows FY outlook
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- Net sales $6.4B, -2.8%; Organic Net Sales -2.2%; price +1.2pp, volume/mix -3.4pp.
- Diluted EPS -$0.24, driven by $1.4B impairment on Lunchables and goodwill; Adjusted EPS $0.75, up 4.2%.
- Adjusted Operating Income $1,330M, +1.4%; gross margin expanded 30 bps to 34.3%.
- Narrows FY outlook: organic net sales at low end of down 2% to flat; adj. EPS growth 1-3% ($3.01-$3.07).
- YTD free cash flow $2.0B, up 9.7%; returned $2.0B to shareholders via dividends and buybacks.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000138/0001637459-24-000138-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637459/000163745924000138/khc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001637459-24-000138

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