Tag: Dividend

Kraft Heinz reports strong Q1 2023 financial results, raising 2023 EBITDA guidance

May 4, 2023 [crocon media – msteph] – Kraft Heinz has reported a solid financial performance for Q1 2023, with net sales of $6.5 billion, an increase of 7.3% compared to the same period last year. The organic net sales grew by 9.4%, driven by growth in Foodservice, Emerging Markets, and U.S. Retail GROW platforms. The company has reported a net income of $837 million, an increase of 7.1% YoY. The increase in net income was primarily driven by higher adjusted EBITDA and lapping non-cash impairment losses in the prior year period. The company’s adjusted EBITDA increased by 10.3% YoY to $1.5 billion. Diluted EPS was $0.68, up 7.9% compared to the prior year period.

Kraft Heinz has reaffirmed its 2023 Organic Net Sales growth expectation of 4% to 6% compared to 2022. The company has raised its 2023 Constant Currency Adjusted EBITDA guidance to growth of 4% to 6% compared to 2022. The company has also raised its 2023 Adjusted EPS guidance to be in the range of $2.83 to $2.91, which includes a negative impact of approximately $0.04 from expected unfavorable changes in non-cash pension and post-retirement benefits and a currency headwind of approximately $0.02 at current foreign exchange rates.

Kraft Heinz’s Board of Directors has declared a regular quarterly dividend of $0.40 per share of common stock payable on June 30, 2023, to stockholders of record as of June 6, 2023.

Overall, the company’s strong Q1 2023 results and raised guidance suggest that it is well positioned to deliver growth and create value for its shareholders.

Check out the ews releases here:

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Disclaimer
All transactions are carried out by The SiLLC Assembly, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to provide general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions, and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relate to The SiLLC Assembly International.

The Kraft Heinz Company Declares Regular Quarterly Dividend of $0.40 Per Share

PITTSBURGH & CHICAGO–The Kraft Heinz Company (Nasdaq: KHC) announced today that the Company’s Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock payable on March 31, 2023, to stockholders of record as of March 10, 2023.

ABOUT THE KRAFT HEINZ COMPANY

We are driving transformation at The Kraft Heinz Company (Nasdaq: KHC), inspired by our Purpose, Let’s Make Life Delicious. Consumers are at the center of everything we do. With 2022 net sales of approximately $26 billion, we are committed to growing our iconic and emerging food and beverage brands on a global scale. We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of six consumer-driven product platforms. As global citizens, we’re dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways. Learn more about our journey by visiting www.kraftheinzcompany.com or following us on LinkedIn and Twitter.

Contacts

Alex Abraham (media)

Anne-Marie Megela (investors)

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Disclaimer
All transaction are carrying out by SiLLC, a private portfolio management assembly. This document is not an offer of securities for sale or investment advisory services. This document contains general information only and is not intended to represent general or specific investment advice. Past performance is not a reliable indicator of future results and targets are not guaranteed. Certain statements and forecasted data are based on current expectations, current market and economic conditions, estimates, projections, opinions and beliefs of SiLLC and/or its members. Due to various risks and uncertainties, actual results may differ materially from those reflected or contemplated in such forward-looking statements or in any of the case studies or forecasts. All references to SiLLC’s advisory activities relates to SiLLC Assembly International.

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