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Kraft Heinz: Q1 net income up 37.5% to $781m

(CercleFinance.com) - The agri-food group has reported Q1 2022 net sales that are down 5.
5% y-o-y to 6 billion dollars, while organic net sales increased 6.8%.

Net income increased 37.5% y-o-y to 781 million dollars, with diluted EPS of 0.63 dollar, up 37.0%. Adjusted EPS reached 0.60 dollar, down 16.7%.

The Company still expects adjusted EBITDA of 5.8 to 6.0 billion dollars, with a 48% to 52% split between H1 and H2.

Not really full of beans lately though - after closing down 1.7% yesterday, the share is flat in pre-market trading today.


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