KHC Q1 2024 Earnings — The Kraft Heinz Company Revenue & Financial Results | Market Cap Arena

KHCThe Kraft Heinz Company

$29B

Q1 2024 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.4B-1.2% YoY

Gross Profit

$2.2B35.0% margin

Operating Income

$1.3B20.3% margin

Net Income

$801M12.5% margin

EPS (Diluted)

$0.66

QoQ Revenue Growth

-6.5%

Cash Flow

Operating Cash Flow

$771M

Free Cash Flow

$477M

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$90.3B

Total Liabilities

$40.6B

Stockholders' Equity

$49.5B

Cash & Equivalents

$1.6B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.4B	$6.5B	-1.2%
Gross Profit	$2.2B	$2.1B	+6.2%
Operating Income	$1.3B	$1.2B	+4.7%
Net Income	$801M	$836M	-4.2%

Revenue Segments

Taste Elevation

$2.8B44%

Easy Ready Meals

$1.1B17%

Hydration

$534M8%

Meats

$511M8%

Substantial Snacking

$443M7%

Cheese and dairy

$413M6%

Desserts, toppings and baking

$241M4%

Coffee

$221M3%

Other products

$129M2%

Geographic Segments

North America Segment

$4.8B75%

International Developed Markets Segment

$855M13%

Emerging Markets

$728M11%