KHC Q4 2023 Earnings — The Kraft Heinz Company Revenue & Financial Results | Market Cap Arena

KHCThe Kraft Heinz Company

$29B

Q4 2023 Earnings

Consumer Defensive Packaged Foods

Income Statement

Revenue

$6.9B-7.1% YoY

Gross Profit

$2.3B33.8% margin

Operating Income

$1.3B19.0% margin

Net Income

$757M11.0% margin

EPS (Diluted)

$0.61

QoQ Revenue Growth

+4.4%

Cash Flow

Operating Cash Flow

$1.4B

Free Cash Flow

$1.1B

Stock-Based Comp.

$31M

Balance Sheet

Total Assets

$90.3B

Total Liabilities

$40.6B

Stockholders' Equity

$49.5B

Cash & Equivalents

$1.4B

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$6.9B	$7.4B	-7.1%
Gross Profit	$2.3B	$2.4B	-2.0%
Operating Income	$1.3B	$1.2B	+6.0%
Net Income	$757M	$890M	-14.9%

Revenue Segments

Condiments and Sauces

$2.2B32%

Cheese and dairy

$1.1B17%

Ambient meals

$817M12%

Frozen and chilled meals

$725M11%

Meats and seafood

$591M9%

Refreshment beverages

$401M6%

Desserts, toppings and baking

$355M5%

Other products

$286M4%

Coffee

$247M4%

Infant and nutrition

$86M1%

Geographic Segments

United States Segment

$3.4B89%

Rest of World Segment

$422M11%