earnings
confidence high
sentiment neutral
materiality 0.75
Kraft Heinz FY2024 adjusted EPS $3.06, +2.7%; net sales -3.0%; guides FY2025 adjusted EPS $2.63-$2.74
Kraft Heinz Co
2024-FY EPS reported
$2.26
revenue$25,846,000,000
- Full year net sales $25.8B (-3.0%); organic net sales -2.1%; adjusted operating income +1.2% to $5.4B.
- Q4 diluted EPS $1.76 (up 188.5%) on $3.0B deferred tax asset; adjusted EPS $0.84 (+7.7%).
- Non-cash impairment losses of $3.7B for FY2024, including $1.4B in Q4 primarily on Oscar Mayer brand.
- FY2025 outlook: organic net sales flat to down 2.5%; adjusted EPS $2.63-$2.74; free cash flow flat.
- Returned $2.7B to shareholders in 2024 via dividends and share repurchases; remaining $1.9B buyback authorization.