Kraft Heinz: adjusted EPS below estimates in Q4
(CercleFinance.com) - Kraft Heinz has reported a loss of 10.
34 dollars per share for Q4 2018, due to goodwill and intangible asset impairments, although its adjusted EPS only fell by 6.7% to 84 cents, albeit ten cents short of the consensus.
"Profitability fell short of our expectations due to a combination of unanticipated cost inflation and lower-than-planned savings," said Kraft Heinz CEO Bernardo Hees.
Adjusted EBITDA decreased by 13.9% to 1.7 billion dollars, with sales almost stable (+0.7%) at 6.89 billion dollars; organic growth of 2.4% was largely offset by FX factors.
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34 dollars per share for Q4 2018, due to goodwill and intangible asset impairments, although its adjusted EPS only fell by 6.7% to 84 cents, albeit ten cents short of the consensus.
"Profitability fell short of our expectations due to a combination of unanticipated cost inflation and lower-than-planned savings," said Kraft Heinz CEO Bernardo Hees.
Adjusted EBITDA decreased by 13.9% to 1.7 billion dollars, with sales almost stable (+0.7%) at 6.89 billion dollars; organic growth of 2.4% was largely offset by FX factors.
Copyright (c) 2019 CercleFinance.com. All rights reserved.