KHCThe Kraft Heinz Company

$27B

Q1 2019 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.0B-5.5% YoY

Gross Profit

$2.0B33.7% margin

Operating Income

$562M9.4% margin

Net Income

$405M6.8% margin

EPS (Diluted)

$0.33

QoQ Revenue Growth

-13.6%

Cash Flow

Operating Cash Flow

$304M

Free Cash Flow

$55M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$103.6B

Total Liabilities

$51.7B

Stockholders' Equity

$51.7B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.0B	$6.3B	-5.5%
Gross Profit	$2.0B	$2.3B	-11.2%
Operating Income	$562M	$1.5B	-62.5%
Net Income	$405M	$1.0B	-59.6%

Revenue Segments

Condiments and Sauces

$1.5B25%

Cheese and dairy

$1.2B20%

Frozen and chilled meals

$605M10%

Ambient meals

$598M10%

Meats and seafood

$587M10%

Refreshment beverages

$357M6%

Coffee

$308M5%

Other products

$249M4%

Nuts and salted snacks

$225M4%

Desserts, toppings and baking

$194M3%

Infant and nutrition

$129M2%

Geographic Segments

United States Segment

$4.2B71%

Rest of World Segment

$700M12%

Europe Segment

$607M10%

Canada Segment

$450M8%