KHC Q3 2023 Earnings — The Kraft Heinz Company Revenue & Financial Results | Market Cap Arena

KHCThe Kraft Heinz Company

$29B

Q3 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.6B+1.0% YoY

Gross Profit

$2.2B34.0% margin

Operating Income

$653M9.9% margin

Net Income

$262M4.0% margin

EPS (Diluted)

$0.21

QoQ Revenue Growth

-2.2%

Cash Flow

Operating Cash Flow

$1.0B

Free Cash Flow

$765M

Stock-Based Comp.

$33M

Balance Sheet

Total Assets

$89.7B

Total Liabilities

$40.2B

Stockholders' Equity

$49.3B

Cash & Equivalents

$1.1B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.6B	$6.5B	+1.0%
Gross Profit	$2.2B	$1.8B	+21.3%
Operating Income	$653M	$751M	-13.0%
Net Income	$262M	$432M	-39.4%

Revenue Segments

Condiments and Sauces

$2.2B33%

Cheese and dairy

$909M14%

Ambient meals

$759M12%

Frozen and chilled meals

$757M12%

Meats and seafood

$626M10%

Refreshment beverages

$485M7%

Desserts, toppings and baking

$299M5%

Other products

$259M4%

Coffee

$220M3%

Infant and nutrition

$85M1%

Geographic Segments

United States Segment

$5.0B76%

Rest of World Segment

$1.6B24%