Profile
Sector:
Consumer DefensiveIndustry:
Packaged FoodsCountry:
United StatesIPO:
06 July 2015Website:
http://www.kraftheinzcompany.comNext earnings report:
N/ALast dividends:
30 August 2024Next dividends:
29 November 2024Price
pre-market | 4 min agoAnalysts recommendations
Institutional Ownership
KHC Latest News
Berkshire Hathaway, led by Buffett, is expected to make nearly $1.3 billion in passive income from these two shares.
The financial results for Kraft Heinz (KHC) provide an overview of the company's performance for the quarter ending in September 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) might take a while to recover after not meeting revenue expectations in the third quarter, but Barclays analysts are advising investors to be patient. The company reported a 2.8% drop in net sales, totaling $6.38 billion for the three months ending in September, which was below the expected $6.43 billion.
The company's performance in the third quarter did not encourage investors to purchase its shares.
The Kraft Heinz Company (NASDAQ:KHC) will hold its Q3 2024 Earnings Conference Call on October 30, 2024, at 9:00 AM ET. Participants from the company include Anne-Marie Megela, Carlos Abrams-Rivera, and Andre Maciel. Various analysts from different financial institutions will also join the call to discuss the company's third-quarter results.
The financial results for Kraft Heinz (KHC) from the quarter ending in September 2024 provide insight into the company's performance. It may also be helpful to compare some important figures to Wall Street predictions and the same period from the previous year.
Kraft Heinz has once again fallen short of sales expectations, with declining volumes leading to a drop in stock prices, which are now at a three-month low.
Kraft Heinz Co (NASDAQ:KHC, ETR:KHNZ) has indicated that its recovery in the US will take more time than anticipated, following disappointing revenue results for the third quarter. The company reported a 2.8% decline in net sales, totaling $6.38 billion for the three months ending in September, which was below the expected $6.43 billion.
Warren Buffett, the CEO of Berkshire Hathaway (NYSE: BRK.A), is well-known for his skill in selecting stocks that have long-term growth potential.
To better understand how Kraft Heinz (KHC) might perform in the quarter ending September 2024, look beyond Wall Street's basic profit and loss predictions. Instead, focus on the estimates for some of its important metrics. This will give you a clearer picture of the company's potential performance.
What type of business is Kraft Heinz?
Kraft Heinz Company is an American food industry company. Founded in 2015 as a result of the merger of food companies with a long history, Kraft Foods and HJ Heinz. Today, The Kraft Heinz is one of the largest global conglomerates in the production of food and beverages. The headquarters is located in Pittsburgh, Pennsylvania. The company's food profile is involved in several extensive categories of products: seasonings and sauces, cheese and dairy products, beverages, frozen and chilled products, meat and seafood. The company's portfolio consists of a diverse combination of world-renowned brands and popular national brands: Kraft, Oscar Mayer, Heinz, Philadelphia, Lunchables, Velveeta, Planters, Maxwell House, Ore-Ida, Kool-Aid, Jell-O, and others.
What sector is Kraft Heinz in?
Kraft Heinz is in the Consumer Defensive sector
What industry is Kraft Heinz in?
Kraft Heinz is in the Packaged Foods industry
What country is Kraft Heinz from?
Kraft Heinz is headquartered in United States
When did Kraft Heinz go public?
Kraft Heinz initial public offering (IPO) was on 06 July 2015
What is Kraft Heinz website?
https://www.kraftheinzcompany.com
Is Kraft Heinz in the S&P 500?
Yes, Kraft Heinz is included in the S&P 500 index
Is Kraft Heinz in the NASDAQ 100?
Yes, Kraft Heinz is included in the NASDAQ 100 index
Is Kraft Heinz in the Dow Jones?
No, Kraft Heinz is not included in the Dow Jones index
When was Kraft Heinz the previous earnings report?
No data
When does Kraft Heinz earnings report?
Next earnings report date is not announced yet