KHCThe Kraft Heinz Company

$27B

Q3 2020 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.4B+6.0% YoY

Gross Profit

$2.3B36.4% margin

Operating Income

$1.1B17.8% margin

Net Income

$597M9.3% margin

EPS (Diluted)

$0.49

QoQ Revenue Growth

-3.1%

Cash Flow

Operating Cash Flow

$1.1B

Free Cash Flow

$971M

Stock-Based Comp.

$41M

Balance Sheet

Total Assets

$98.1B

Total Liabilities

$48.8B

Stockholders' Equity

$49.2B

Cash & Equivalents

$2.7B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.4B	$6.1B	+6.0%
Gross Profit	$2.3B	$1.9B	+20.4%
Operating Income	$1.1B	$1.2B	-2.8%
Net Income	$597M	$899M	-33.6%

Revenue Segments

Condiments and Sauces

$1.7B26%

Cheese and dairy

$1.2B19%

Ambient meals

$691M11%

Frozen and chilled meals

$669M10%

Meats and seafood

$637M10%

Refreshment beverages

$438M7%

Desserts, toppings and baking

$274M4%

Nuts and salted snacks

$250M4%

Other products

$229M4%

Coffee

$218M3%

Infant and nutrition

$113M2%

Geographic Segments

United States Segment

$4.7B73%

Rest of World Segment

$1.3B21%

Canada Segment

$406M6%