KHC - Q4 Earnings Preview: Will Kraft Heinz continue the trend of topping consensus?
Kraft Heinz (NASDAQ:KHC) is scheduled to announce Q4 earnings results on Wednesday, February 16th, before market open. The consensus EPS Estimate is $0.63 (-21.3% Y/Y) and the consensus Revenue Estimate is $6.63B (-4.5% Y/Y). Earnings history: After beating estimates in Q3 on the back pricing, the company has raised FY2021 outlook. The company has exceeded consensus mark past 7 quarters. Leadership transition: The company announced last month that Andre Macie will succeed Paulo Basilio as EVP and Global CFO, effective March 2, 2022. On December 10, the company announced the acquisition of 85% stake in Just Spices GmbH; the deal closed on Jan 19, 2022. On December 8, the company announced its intention of combining U.S. and Canada business to form the North American Zone. Last year in February, the company sold its Planters nuts business to Hormel Foods in a $3.3B deal. Over the last 2 years, KHC has beaten EPS estimates
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Q4 Earnings Preview: Will Kraft Heinz continue the trend of topping consensus?