KHCThe Kraft Heinz Company

$27B

Q2 2019 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.4B-4.2% YoY

Gross Profit

$2.1B32.5% margin

Operating Income

$734M11.5% margin

Net Income

$449M7.0% margin

EPS (Diluted)

$0.37

QoQ Revenue Growth

+7.5%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$822M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$103.2B

Total Liabilities

$51.5B

Stockholders' Equity

$51.5B

Cash & Equivalents

$1.5B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.4B	$6.7B	-4.2%
Gross Profit	$2.1B	$2.3B	-11.3%
Operating Income	$734M	$1.4B	-45.9%
Net Income	$449M	$754M	-40.5%

Revenue Segments

Condiments and Sauces

$1.7B27%

Cheese and dairy

$1.3B20%

Meats and seafood

$653M10%

Frozen and chilled meals

$599M9%

Ambient meals

$561M9%

Refreshment beverages

$436M7%

Coffee

$328M5%

Desserts, toppings and baking

$253M4%

Other products

$229M4%

Nuts and salted snacks

$229M4%

Infant and nutrition

$138M2%

Geographic Segments

United States Segment

$4.5B70%

Rest of World Segment

$692M11%

Europe Segment

$643M10%

Canada Segment

$560M9%