KHC Q1 2023 Earnings — The Kraft Heinz Company Revenue & Financial Results | Market Cap Arena

KHCThe Kraft Heinz Company

$29B

Q1 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.5B+7.3% YoY

Gross Profit

$2.1B32.6% margin

Operating Income

$1.2B19.2% margin

Net Income

$836M12.9% margin

EPS (Diluted)

$0.68

QoQ Revenue Growth

-12.1%

Cash Flow

Operating Cash Flow

$486M

Free Cash Flow

$220M

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$90.9B

Total Liabilities

$41.6B

Stockholders' Equity

$49.2B

Cash & Equivalents

$826M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.5B	$6.0B	+7.3%
Gross Profit	$2.1B	$1.9B	+9.4%
Operating Income	$1.2B	$1.1B	+11.5%
Net Income	$836M	$776M	+7.7%

Revenue Segments

Condiments and Sauces

$2.2B33%

Cheese and dairy

$917M14%

Ambient meals

$749M12%

Frozen and chilled meals

$719M11%

Meats and seafood

$595M9%

Refreshment beverages

$489M8%

Other products

$279M4%

Desserts, toppings and baking

$259M4%

Coffee

$220M3%

Infant and nutrition

$93M1%

Geographic Segments

United States Segment

$4.9B75%

Rest of World Segment

$1.6B25%