KHC Q2 2024 Earnings — The Kraft Heinz Company Revenue & Financial Results | Market Cap Arena

KHCThe Kraft Heinz Company

$29B

Q2 2024 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.5B-3.6% YoY

Gross Profit

$2.3B35.4% margin

Operating Income

$522M8.1% margin

Net Income

$102M1.6% margin

EPS (Diluted)

$0.08

QoQ Revenue Growth

+1.0%

Cash Flow

Operating Cash Flow

$942M

Free Cash Flow

$553M

Stock-Based Comp.

$34M

Balance Sheet

Total Assets

$88.8B

Total Liabilities

$39.8B

Stockholders' Equity

$48.9B

Cash & Equivalents

$900M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.5B	$6.7B	-3.6%
Gross Profit	$2.3B	$2.3B	+1.5%
Operating Income	$522M	$1.4B	-62.1%
Net Income	$102M	$1.0B	-89.8%

Revenue Segments

Taste Elevation

$2.8B44%

Easy Ready Meals

$1.1B17%

Hydration

$643M10%

Meats

$584M9%

Cheese and dairy

$434M7%

Substantial Snacking

$318M5%

Desserts, toppings and baking

$290M4%

Coffee

$202M3%

Other products

$93M1%

Geographic Segments

North America Segment

$4.9B76%

International Developed Markets Segment

$885M14%

Emerging Markets

$670M10%