KRAFT HEINZ Reports 2.5% Revenue Increase and 276.5% Net Income Increase for FY 2023 Q2
August 27, 2023
☀️Earnings Overview
For the second quarter of the 2023 fiscal year (ending June 30, 2023), KRAFT HEINZ ($NASDAQ:KHC) reported a total revenue of USD 6721.0 million, an increase of 2.5% compared to the same period of the previous year, and a net income of USD 1000.0 million, representing a 276.5% year-over-year increase.
Analysis
GoodWhale has conducted an analysis of KRAFT HEINZ‘s fundamentals. According to Star Chart, KRAFT HEINZ is classified as a “Rhino” company, which we conclude has achieved moderate revenue or earnings growth. Investors who are interested in such a company are likely those who are looking for a steady, reliable investment. KRAFT HEINZ has a strong health score of 7/10 with regard to its cashflow and debt, indicating that it is capable of paying off debt and funding future operations. Furthermore, KRAFT HEINZ is strong in dividend, medium in profitability and weak in asset and growth. This makes it an attractive option for investors looking for steady income with little potential for large gains. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Kraft Heinz. More…
| Total Revenues | Net Income | Net Margin |
| 27.1k | 3.16k | 12.6% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Kraft Heinz. More…
| Operations | Investing | Financing |
| 3.27k | -645 | -3.18k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Kraft Heinz. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 90.96k | 40.94k | 40.56 |
Key Ratios Snapshot
Some of the financial key ratios for Kraft Heinz are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 2.2% | -0.0% | 17.4% |
| FCF Margin | ROE | ROA |
| 8.4% | 6.0% | 3.2% |
Peers
The Kraft Heinz Co. is a food and beverage company that offers a variety of products. Its competitors include Kellogg Co, General Mills Inc, and Treehouse Foods Inc.
– Kellogg Co ($NYSE:K)
Kellogg Co is a food manufacturing company that produces cereal, snacks, and other food products. The company has a market cap of $25.03 billion and a return on equity of 33.71%. Kellogg’s products are sold in more than 180 countries and include brands such as Kellogg’s, Keebler, Pop-Tarts, and Eggo. The company has more than 30,000 employees worldwide.
– General Mills Inc ($NYSE:GIS)
General Mills Inc is a food company that produces and markets branded consumer foods in the United States and internationally. The company’s products include cereals, yogurt, snacks, and baking mixes. General Mills Inc has a market cap of 46.37B as of 2022 and a return on equity of 20.18%. The company’s products are marketed under the brands including Cheerios, Lucky Charms, Nature Valley, and Betty Crocker.
– Treehouse Foods Inc ($NYSE:THS)
Treehouse Foods Inc is a food manufacturing company with a market cap of $2.7 billion as of 2022. The company has a return on equity of 0.58%. Treehouse Foods Inc manufactures and sells packaged foods and beverages in the United States. The company offers canned soups, salad dressings, peanut butter, syrups, and other food products. It also provides infant formula and baby food products; and pet food and pet snacks.
Summary
KRAFT HEINZ has reported strong financial results for the second quarter of the 2023 fiscal year, ending June 30. This is an encouraging sign for potential investors who may be considering investing in KRAFT HEINZ, as they have demonstrated financial stability and ability to generate positive returns.
Related Posts
Recent Posts
