Kraft Heinz: Q3 beats consensus
(CercleFinance.com) - Kraft Heinz has published Q3 2019 adjusted EPS that is down 9.
2% at 69 cents, actually beating the consensus by around 15 cents, while its adjusted EBITDA fell by 7.8% to 1.47 billion dollars.
The agri-food group's sales decreased by 4.8% to nearly 6.1 billion dollars, with negative FX factors and scope effects adding to an organic decline of 1.1%, a decline related to volume and mix effects.
Kraft Heinz CEO Miguel Patricio said, "Although there is still much work ahead, we're encouraged by our improving performance, and are even more confident in our ability to turn around the Company".
Copyright (c) 2019 CercleFinance.com. All rights reserved.
2% at 69 cents, actually beating the consensus by around 15 cents, while its adjusted EBITDA fell by 7.8% to 1.47 billion dollars.
The agri-food group's sales decreased by 4.8% to nearly 6.1 billion dollars, with negative FX factors and scope effects adding to an organic decline of 1.1%, a decline related to volume and mix effects.
Kraft Heinz CEO Miguel Patricio said, "Although there is still much work ahead, we're encouraged by our improving performance, and are even more confident in our ability to turn around the Company".
Copyright (c) 2019 CercleFinance.com. All rights reserved.