Kraft Heinz Non-GAAP EPS of $0.60 beats by $0.07, revenue of $6.05B beats by $240M, raises outlook
Kraft Heinz press release  (NASDAQ:KHC): Q1  Non-GAAP EPS of $0.60  beats by $0.07.
Revenue of $6.05B (-5.3% Y/Y)  beats by $240M.
Raises Full Year Outlook for OrganicÂ Net SalesÂ While Holding to Previous Adjusted EBITDAÂ Expectations
The Company is raising expectations for 2022 OrganicÂ Net SalesÂ to a mid-single-digit percentage increase versus the prior year period, reflecting strong performance to date, ongoing business momentum, and additional pricing actions to mitigate ongoing inflation. The Company continues to expect Adjusted EBITDAÂ to be in the range of $5.8 billion to $6.0 billion with a 48 percent to 52 percent first half to second half split.