Free Post Earnings Research Report: Kraft Heinz’s Earnings Jumped 11%

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LONDON, UK / ACCESSWIRE / May 31, 2018 / If you want access to our free earnings report on The Kraft Heinz Co. (NASDAQ: KHC), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=KHC. Kraft Heinz reported its first quarter fiscal 2018 operating and financial results on May 02, 2018. The maker of Oscar Mayer meats, Jell-O pudding, and Velveeta cheese surpassed earnings estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Kraft Heinz most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

Kraft Heinz’s net sales were $6.30 billion for the first quarter of 2018, down 0.3% versus net sales of $6.32 billion, including a 1.2 percentage point benefit from currency. The Company’s Pricing increased 1.0 percentage points, driven by price increases in the United States and Rest of World markets, while volume/mix decreased 2.5 percentage points, primarily driven by lower shipments in the United States and Rest of World markets. Kraft Heinz’ sales lagged behind analysts’ estimates of $6.35 billion.

During Q1 2018, Kraft Heinz’s adjusted earnings before interest, tax, depreciation, and amortization (EBITDA) decreased 2.6% to $1.80 billion on a y-o-y basis, including a favorable 0.9 percentage point impact from currency. Excluding the impact of currency, the decline in adjusted EBITDA reflected higher input costs, lower volume/mix, and investments in strategic initiatives.

Net income attributable to Kraft Heinz’s common shareholders increased to $993 million, or $0.81 per diluted share, in Q1 2018 compared to net income of $893 million, or $0.73 per diluted share, in Q1 2017, primarily reflecting benefits from US Tax Reform.

For Q1 2018, Kraft Heinz’s adjusted earnings jumped 6.0% to $0.89 per diluted share compared to $0.84 per diluted share in Q1 2017, mainly reflecting lower taxes versus the prior year period. The Company’s earnings exceeded Wall Street’s estimates of $0.82 per share.

Kraft Heinz’s Segment Results

During Q1 2018, the United States (US) segment’s net sales were $4.37 billion, down 3.3% compared to $4.52 billion in Q1 2017. The segment’s pricing increased 0.8 percentage points as higher pricing was partially offset by the timing of trade spending on a y-o-y basis, while Volume/mix decreased 4.1 percentage points as solid gains in foodservice and a favorable shift in Easter-related sales was more than offset by lower shipments of nuts, cold cuts, frozen potatoes, and parts of the cheese business.

For Q1 2018, the US segment’s adjusted EBITDA decreased 5.6% to $1.38 billion on a y-o-y basis, primarily reflecting lower volume/mix, non-key commodity inflation, and investments to enhance capabilities.

During Q1 2018, the Canada segment’s net sales rose 9.8% to $484 million on a y-o-y basis, including a favorable 4.8 percentage point impact from currency. The segment’s pricing was neutral on a y-o-y basis as higher pricing in several categories was offset by lower pricing in cheese, while volume/mix increased 5.0 percentage points reflecting earlier implementation of go-to-market agreements with key retailers that primarily benefited cheese and coffee sales.

In Q1 2018, the Canada segment’s adjusted EBITDA increased 7.1% to $134 million, including a favorable 4.4 percentage point impact from currency. Excluding the impact of currency, the Canada segment’s adjusted EBITDA increased 2.7% on a y-o-y basis, primarily driven by volume/mix growth.

During Q1 2018, the Europe, Middle-East, and Africa (EMEA) segment’s net sales were $685 million, up 14.7% compared to $597 million in Q1 2017, including a 12.4 percentage point benefit from currency. The segment’s pricing declined 0.5 percentage points, driven by increased promotional activity in infant nutrition, primarily in Italy, while volume/mix increased 2.8 percentage points, reflecting a strong soup season in the UK and growth in condiments and sauces as well as gains in foodservice.

For Q1 2018, the EMEA segment’s adjusted EBITDA surged 30.4% to $182 million, including a positive 14.7 percentage point impact from currency. Excluding currency impacts, the increase in the segment’s adjusted EBITDA reflected gains from productivity, pension and postretirement cost favorability versus the prior year’s same period as well as volume/mix growth.

During Q1 2018, the Rest of World segment’s net sales were $767 million, 0.2% on a y-o-y basis, including a negative 3.2 percentage point impact from currency. The segment’s pricing was up 4.3% percentage points, primarily driven by actions to offset higher input costs in local currency, particularly in Latin America, while volume/mix decreased 1.3 percentage points, driven by a combination of unfavorable impacts from distributor network realignment in select markets and lower shipments in Indonesia and Brazil.

The Rest of World segment’s adjusted EBITDA fell 0.7% to $143 million on a y-o-y basis, including an unfavorable 5.6 percentage point impact from currency. Excluding the impact of currency, the segment’s adjusted EBITDA increased 4.9 percentage points.

Stock Performance Snapshot

May 30, 2018 – At Wednesday’s closing bell, Kraft Heinz’s stock advanced 2.51%, ending the trading session at $58.84.

Volume traded for the day: 5.55 million shares, which was above the 3-month average volume of 5.47 million shares.

Stock performance in the last month – up 4.36%

After yesterday’s close, Kraft Heinz’s market cap was at $70.85 billion.

Price to Earnings (P/E) ratio was at 17.71.

The stock has a dividend yield of 4.25%.

The stock is part of the Consumer Goods sector, categorized under the Food – Major Diversified industry. This sector was up 0.9% at the end of the session.

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