Kraft Heinz Reports First Quarter 2024 Results; Reaffirms Full Year Outlook.
First Quarter Highlights
* Net sales decreased 1.2%; Organic
* Gross profit margin increased 240 basis points to 35.0%; Adjusted Gross Profit Margin(1) increased 170 basis points to 34.5%
* Operating Income increased 4.7%; Adjusted Operating Income(1) increased 1.7%
* Diluted EPS was
'I'm pleased that our strategic focus on unlocking end-to-end efficiencies and reinvesting in the business to drive sales growth continues to pay off,' said
'Our Agile@Scale methodology continues to fuel reinvestment in the business, helping to deliver against our gross efficiency target. These reinvestments are powering innovation, brand superiority, disruptive marketing, sales excellence, and further productivity to drive growth.'
Abrams-Rivera continued, 'As a result, we are reiterating our outlook for 2024 and remain confident in our ability to drive profitable growth.'
https://news.kraftheinzcompany.com/press-releases-details/2024/Kraft-Heinz-Reports-First-Quarter-2024-Results/default.aspx
Alex.Abraham@kraftheinz.com
anne-marie.megela@kraftheinz.com
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