Kraft Heinz Earnings, Revenue Beat in Q1
2022.04.27 14:28
Kraft Heinz Earnings, Revenue Beat in Q1
Investing.com – Kraft Heinz (NASDAQ:KHC) reported on Wednesday first quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Kraft Heinz announced earnings per share of $0.6 on revenue of $6.05B. Analysts polled by Investing.com anticipated EPS of $0.5347 on revenue of $5.81B.
Kraft Heinz shares are up 17% from the beginning of the year, still down 5.87% from its 52 week high of $44.95 set on May 24, 2021. They are outperforming the Nasdaq 100 which is down 20.28% from the start of the year.
Kraft Heinz follows other major Consumer Staples sector earnings this month
Kraft Heinz’s report follows an earnings beat by Procter&Gamble on April 20, who reported EPS of $1.33 on revenue of $19.38B, compared to forecasts EPS of $1.29 on revenue of $18.71B.
Coca-Cola had beat expectations on Monday with first quarter EPS of $0.64 on revenue of $10.49B, compared to forecast for EPS of $0.5792 on revenue of $9.83B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
