What to Expect from Kraft Heinz's Earnings Report: A Preview of the Key Metrics

💡 Kraft Heinz's earnings report is expected to reveal a mixed bag of results, with some analysts predicting a decline in revenue and others forecasting a slight increase in profits.

The Kraft Heinz Company, a multinational food and beverage giant, is set to release its quarterly earnings report on July 14, 2023. The report is expected to reveal a mixed bag of results, with some analysts predicting a decline in revenue and others forecasting a slight increase in profits.

Revenue Growth and Operating Margins

Kraft Heinz's revenue is expected to decline by 2.5% year-over-year, driven by a decrease in sales of its North American frozen foods business. However, the company's operating margin is expected to expand by 50 basis points, thanks to cost-cutting measures and improvements in its global supply chain.

Earnings Per Share (EPS) and Net Income

Analysts expect Kraft Heinz's EPS to come in at $0.55, a decline of 12.5% from the same period last year. Net income is expected to decline by 10% year-over-year, driven by lower revenue and higher operating expenses.

Segment Performance

Kraft Heinz's North American frozen foods business is expected to be a major drag on earnings, with revenue declining by 15% year-over-year. However, the company's international business is expected to perform well, with revenue growing by 5% year-over-year.

What It Means for Investors