Kraft Heinz Reaffirms FY24 Outlook - Update

(RTTNews) - While reporting financial results for the first quarter on Wednesday, Kraft Heinz Co. (KHC) reaffirmed its adjusted earnings and organic net sales growth guidance for the full-year 2024.

For fiscal 2024, the company still projects adjusted earnings in a range of $3.01 to $3.07 per share on organic net sales growth outlook of 0 to 2 percent.

On average, 19 analysts polled by Thomson Reuters expected the company to report earnings of $3.04 per share on revenue growth of 0.7 percent to $26.83 billion for the year. Analysts' estimates typically exclude special items.

Separately, the Company's Board of Directors declared a regular quarterly dividend of $0.40 per share of common stock, payable on June 28, 2024, to stockholders of record as of June 6, 2024.

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