Kraft Heinz: Q2 earnings reach $265m
(CercleFinance.com) - Net sales fell 0.
9% y-o-y to 6.6 billion dollars in Q2 2022.
Meanwhile, organic net sales increased 10.1% y-o-y.
Earnings came in at 265 million dollars (vs. loss of 27 million dollars a year ago), while adjusted EBITDA fell 10.9% y-o-y to 1.5 billion dollars.
Adjusted EPS was $0.70, down 10.3% from the same period last year.
The group has increased its full-year outlook for organic net sales, although is maintaining previous expectations for adjusted EBITDA, targeting between 5.8 and 6.0 billion dollars.
The share is down almost 1% in pre-market trading today.
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