Kraft Heinz Company reported first-quarter 2022 earnings per share of $0.60, exceeding analyst expectations of $0.52, even as revenues declined by 5.5% year-over-year to $6.045 billion. The company raised its full-year forecast for organic net sales growth, anticipating a mid-single-digit percentage increase fueled by sustained demand and strategic price increases. Investor confidence rose, leading to a 1.4% gain in shares, while Kraft Heinz also declared a $0.40 per share quarterly dividend and maintained a robust cash position with nearly $3 billion on hand.
“The Kraft Heinz Company · posted · first-quarter 2022 earnings · $0.60 per share”
“The Kraft Heinz Company · earnings · beating the Zacks Consensus Estimate · $0.52 per share”
“Kraft Heinz · announced · Heinz Dip & Crunch · a two-in-one dipping package”
“The Kraft Heinz Company · posted · first-quarter 2022 earnings · $0.60 per share”
“The Kraft Heinz Company · gained · shares · 1.4%”
“The Kraft Heinz Co. · topped · analyst estimates · first quarter of 2022”
“The Kraft Heinz Co. · upped · full-year projection · organic net sales and product pricing”
“The Kraft Heinz Co. · reported · financial results · three months ended March 26”
“The Kraft Heinz Co. · continues to expect · strong financial performance · in 2022”
“The Kraft Heinz Company · posted · first-quarter 2022 earnings · $0.60 per share”
“The Kraft Heinz Company · earnings beat · Zacks Consensus Estimate · $0.52 per share”
“The Kraft Heinz Company · posted · first-quarter 2022 results · declining year over year”