KHC Q2 2023 Earnings — The Kraft Heinz Company Revenue & Financial Results | Market Cap Arena

KHCThe Kraft Heinz Company

$29B

Q2 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.7B+2.5% YoY

Gross Profit

$2.3B33.6% margin

Operating Income

$1.4B20.5% margin

Net Income

$1.0B14.9% margin

EPS (Diluted)

$0.81

QoQ Revenue Growth

+3.6%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$856M

Stock-Based Comp.

$46M

Balance Sheet

Total Assets

$91.0B

Total Liabilities

$40.9B

Stockholders' Equity

$49.8B

Cash & Equivalents

$947M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.7B	$6.6B	+2.5%
Gross Profit	$2.3B	$2.0B	+14.0%
Operating Income	$1.4B	$542M	+153.9%
Net Income	$1.0B	$265M	+277.4%

Revenue Segments

Condiments and Sauces

$2.4B36%

Cheese and dairy

$883M13%

Frozen and chilled meals

$709M11%

Ambient meals

$689M10%

Meats and seafood

$644M10%

Refreshment beverages

$568M8%

Desserts, toppings and baking

$296M4%

Other products

$234M3%

Coffee

$212M3%

Infant and nutrition

$96M1%

Geographic Segments

United States Segment

$5.1B76%

Rest of World Segment

$1.6B24%