KHCThe Kraft Heinz Company

$27B

Q1 2020 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.2B+3.3% YoY

Gross Profit

$1.9B30.2% margin

Operating Income

$770M12.5% margin

Net Income

$378M6.1% margin

EPS (Diluted)

$0.31

QoQ Revenue Growth

-5.8%

Cash Flow

Operating Cash Flow

$212M

Free Cash Flow

$81M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$104.1B

Total Liabilities

$52.9B

Stockholders' Equity

$51.0B

Cash & Equivalents

$5.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.2B	$6.0B	+3.3%
Gross Profit	$1.9B	$2.0B	-7.6%
Operating Income	$770M	$562M	+37.0%
Net Income	$378M	$405M	-6.7%

Revenue Segments

Condiments and Sauces

$1.6B26%

Cheese and dairy

$1.1B18%

Ambient meals

$716M12%

Frozen and chilled meals

$648M11%

Meats and seafood

$590M10%

Refreshment beverages

$389M6%

Coffee

$275M4%

Other products

$252M4%

Nuts and salted snacks

$250M4%

Desserts, toppings and baking

$204M3%

Infant and nutrition

$113M2%

Geographic Segments

United States Segment

$4.5B73%

Rest of World Segment

$1.3B21%

Canada Segment

$361M6%