Kraft Heinz Reports Q4 Earnings, Surpassing Estimates

Pittsburgh, PA – Kraft Heinz Company (KHC) announced its fourth-quarter earnings on Wednesday, exceeding Wall Street expectations.

Earnings Highlights:

* Net income: $2.13 billion
* Net income per share: $1.76
* Adjusted earnings per share: 84 cents

These results surpassed analysts' estimates of 78 cents per share, according to eight analysts surveyed by Zacks Investment Research.

Revenue:

* Revenue: $6.58 billion
* Missed Street forecasts of $6.66 billion (estimated by six analysts surveyed by Zacks)

Full-Year Results:

* Profit: $2.74 billion
* Earnings per share: $2.26
* Revenue: $25.85 billion

Guidance:

* Kraft Heinz expects full-year earnings between $2.63 to $2.74 per share.

This story was generated by Automated Insights using data from Zacks Investment Research.