KHC - Kraft Heinz leverages price increases to edge past earnings estimates

Kraft Heinz Company (NASDAQ:KHC) was able to overcome an unfavorable macroeconomic environment to deliver top and bottom line earnings beats on Wednesday morning.  The food product producer responsible for everything from A1 Steak Sauce to Velveeta cheese notched Non-GAAP EPS of $0.60 for the quarter, 7 cents above analyst estimates, while revenue at $6.05 billion was $240 beyond expectations. The company also raised its full-year outlook for organic net sales to a mid-single-digit percentage increase versus the prior year period due to resilient demand and pricing actions.  "Our first quarter was a strong start to the year and yet another period where our team rose to mitigate new and different macro environment challenges," CEO Miguel Patricio said. "We continue to build critical capabilities, greater corporate agility, and additional financial flexibility to address short-term turmoil while building our long-term advantage.” Headlining this financial flexibility was a 9% increase in prices to

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Kraft Heinz leverages price increases to edge past earnings estimates