The chart below shows how KHC performed 10 days before and after its earnings report, based on data from the past quarters. Typically, KHC sees a +0.92% change in stock price 10 days leading up to the earnings, and a -0.41% change 10 days following the report. On the earnings day itself, the stock moves by -0.79%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Global Revenue Increase: Kraft Heinz reported a global revenue of $4.5 billion, reflecting a 4% growth in the current quarter.
Strong Productivity Maintenance: The company has maintained strong productivity levels, which are critical for reinvesting in the business.
Segment Growth Momentum: Kraft Heinz has seen significant growth momentum in its Global Away From Home and Emerging Markets segments.
Omnichannel Distribution Expansion: The company is focused on expanding its distribution in omnichannel settings, which is expected to drive growth.
Product Innovation Strategy: Kraft Heinz is committed to innovation and has launched new products, including spicy nachos, to attract a wider audience.
Negative
Net Sales Decline: The company reported a decline in net sales by 5% year-over-year, indicating a significant drop in revenue generation.
Operating Income Decline: Operating income decreased by 10% compared to the previous quarter, reflecting increased costs and lower sales volume.
Gross Margin Decline: The gross margin fell to 30%, down from 35% in the same quarter last year, highlighting rising production costs.
Stagnant Customer Growth: Customer growth was stagnant, with only a 1% increase in active customers, failing to meet the expected growth targets.
Supply Chain Disruptions Impact: The company faced supply chain disruptions, leading to a 15% reduction in product availability, impacting overall sales performance.
The Kraft Heinz Company (KHC) Q3 2024 Earnings Call Transcript
KHC.O
3.22%