Kraft Heinz: Q1 Earnings Snapshot
By AP News
Published - May 03, 2023, 07:18 AM ET
Last Updated - Jun 21, 2023, 11:31 PM EDT
PITTSBURGH (AP) — PITTSBURGH (AP) — The Kraft Heinz Company (KHC) on Wednesday reported first-quarter net income of $836 million.
The Pittsburgh-based company said it had net income of 68 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 60 cents per share.
The maker of Oscar Mayer meats, Jell-O pudding and Velveeta cheese posted revenue of $6.49 billion in the period, which also beat Street forecasts. Seven analysts surveyed by Zacks expected $6.39 billion.
