Many were doubting that the higher consumer demand the Kraft Heinz Company (KHC) was witnessing for its products in Q1-2020 would continue in the second quarter.
This high demand in the first quarter was solely being attributed to panic-led stockpiling amid the coronavirus outbreak.
However, higher second quarter sales both in comparison to Q2-2019 and Q1-2020 figures proved that there was more to it than just stockpiling.
Also, in terms of bottom-line, there were better-than-expected EBITDA margins.
Figure 1: KHC's quarterly revenue
Still, despite these positives, challenges still lie ahead.