From Financial Modeling Prep: 2024-10-30 13:50:00

Kraft Heinz (NASDAQ:KHC) met Q3 earnings expectations but lowered full-year guidance, causing a 4% stock drop. Earnings per share were $0.75, revenue $6.4 billion, down 2.8% YoY. Organic net sales fell 2.2%.

2024 guidance revised to show lower end growth for sales, operating income, and EPS at $3.01-$3.07/share.

CEO noted growth in Global Away From Home and Emerging Markets but slow U.S. Retail recovery. Q3 saw $290 million net loss due to $1.4 billion in non-cash charges related to Lunchables and Continental Europe.



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