Investing.com - Kraft Heinz reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Kraft Heinz announced earnings per share of $0.72 on revenue of $6.54B. Analysts polled by Investing.com anticipated EPS of $0.68 on revenue of $6.61B. That with comparison to EPS of $0.84 on revenue of $6.89B in the same period a year before. Kraft Heinz had reported EPS of $0.69 on revenue of $6.08B in the previous quarter. Analysts are expecting EPS of $0.57 and revenue of $5.83B in the upcoming quarter.
Kraft Heinz shares are down 6.5% from the beginning of the year , still down 38.27% from its 52 week high of $48.66 set on February 21, 2019. They are under-performing the Nasdaq 100 which is up 9.21% year to date.
Kraft Heinz follows other major Consumer/Non-Cyclical sector earnings this month
Kraft Heinz's report follows an earnings beat by Procter&Gamble on January 23, who reported EPS of $1.42 on revenue of $18.24B, compared to forecasts EPS of $1.21 on revenue of $17,147M.
Coca-Cola had matched expectations on January 30 with fourth quarter EPS of $0.44 on revenue of $9.1B, compared to forecast for EPS of $0.44 on revenue of $8.88B.
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