Kraft Heinz Reports First Quarter 2024 Results
Adjusted Operating Income(1) increased 1.7 percent versus the year-ago period to $1.3 billion, primarily driven by higher pricing.
- Adjusted Operating Income(1) increased 1.7 percent versus the year-ago period to $1.3 billion, primarily driven by higher pricing.
- Diluted EPS was $0.66, down 2.9 percent versus the prior year period, primarily driven by a net loss on the sale of businesses in the first quarter of 2024 and higher tax expense.
- For fiscal year 2024, the Company is reaffirming its outlook for Organic Net Sales(2), Adjusted Operating Income(2), and Adjusted EPS(2).
- A pre-recorded management discussion of The Kraft Heinz Company's first quarter 2024 earnings is available at ir.kraftheinzcompany.com.