KHCThe Kraft Heinz Company

$27B

Q3 2019 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.1B-4.8% YoY

Gross Profit

$1.9B32.0% margin

Operating Income

$1.2B19.4% margin

Net Income

$899M14.8% margin

EPS (Diluted)

$0.74

QoQ Revenue Growth

-5.2%

Cash Flow

Operating Cash Flow

$665M

Free Cash Flow

$532M

Stock-Based Comp.

$11M

Balance Sheet

Total Assets

$102.8B

Total Liabilities

$51.0B

Stockholders' Equity

$51.7B

Cash & Equivalents

$2.3B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.1B	$6.4B	-4.8%
Gross Profit	$1.9B	$2.1B	-7.0%
Operating Income	$1.2B	$1.1B	+9.9%
Net Income	$899M	$619M	+45.2%

Revenue Segments

Condiments and Sauces

$1.6B27%

Cheese and dairy

$1.1B18%

Frozen and chilled meals

$643M11%

Ambient meals

$623M10%

Meats and seafood

$612M10%

Refreshment beverages

$397M7%

Coffee

$296M5%

Desserts, toppings and baking

$246M4%

Nuts and salted snacks

$233M4%

Other products

$191M3%

Infant and nutrition

$120M2%

Geographic Segments

United States Segment

$4.4B72%

Rest of World Segment

$688M11%

Europe Segment

$612M10%

Canada Segment

$415M7%