NASDAQ$KHC

Kraft Heinz Co · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Solid net sales growth and strong performance across all business segments were reported.

Kraft Heinz reported better-than-expected first-quarter results with solid net sales growth, favorable product mix, and lower general corporate expenses. Net sales increased by 3.9%, and Organic Net Sales increased by 2.5%.

  • Q1 net sales increased 3.9% and Organic Net Sales increased 2.5%
  • Q1 gross profit increased 18.5%
  • Q1 operating income increased 41.3%, net income increased 49.0%, and diluted EPS increased 48.4%
  • Adjusted EBITDA increased 11.6% and Adjusted EPS increased 24.1%

Headline financials

Total Revenue

$6.39B

Previous: $6.16B+3.8%
EPS (adj)

$0.72

Previous: $0.58+24.1%
Organic Net Sales Growth

2.5%

Previous: 6.2%-59.7%
Capital Expenditures

-$227M

Previous: -$131M-73.3%
Free Cash Flow

$336M

Previous: $247M+36.0%
Net Income

$563M

Previous: $378M+48.9%
Operating Income

$1.09B

Previous: $770M+41.4%
Gross Profit

$2.2B

Previous: $1.86B+18.5%
Cash & Equivalents

$2.36B

Previous: $5.4B-56.3%
Total Assets

$98.7B

Previous: $104B-5.2%
Stock-Based Comp

$51M

Previous: $33M+54.5%

Revenue & EPS history

Kraft Heinz · Revenue · Quarterly

$6.39B

Q1 2021+3.8%vs Q1 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Revenue by segment

Kraft Heinz · $5B total across 1 segment · Q1 2021

  • North America
    $5B+11.2%

Forward guidance

The Company continues to expect it will deliver 2021 financial performance ahead of its strategic plan. For the second quarter of 2021, and based on performance to date, the Company currently expects a mid-single-digit percentage increase in both Organic Net Sales and Constant Currency Adjusted EBITDA versus the comparable 2019 period.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

-1.1%

Avg return

Earnings day

-1.1%

Avg return

5 days after

-2.7%

Avg return

30 days after

40%

21 / 53 earnings

Positive

+14.4%

Q3 2019

Best reaction

-27.6%

Q4 2018

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+2.1%+3.3%+0.3%
Q4 2025+0.4%-0.4%-9.3%
Q3 2025-4.1%-4.7%-0.0%
Q1 2025+0.2%-0.6%-6.2%
Q4 2024-3.2%-2.2%+2.2%
Q3 2024-3.9%-4.1%-8.1%
Q2 2024+4.6%+4.0%+4.7%
Q1 2024-4.9%-7.4%-8.4%
Q4 2023-3.2%-3.7%-4.9%
Q3 2023+6.5%+5.8%+12.9%
Q2 2023-0.9%-2.5%-9.2%
Q1 2023+3.5%+4.1%-2.4%
Q4 2022-0.3%+0.3%-5.6%
Q3 2022+2.6%+3.8%+5.0%
Q2 2022-3.8%-3.1%-1.4%
Q1 2022+3.1%-0.8%-10.6%
Q4 2021+9.0%+10.9%+8.5%
Q3 2021+0.1%+0.8%-4.4%
Q2 2021-5.1%-4.2%-8.0%
Q1 2021+2.9%+5.6%+8.6%
Q4 2020+4.4%+4.3%+12.5%
Q3 2020+4.7%+8.8%+12.4%
Q2 2020-3.3%-1.4%-1.9%
Q1 2020-3.8%-5.2%-0.2%
Q4 2019-10.5%-9.0%-20.2%
Q3 2019+14.4%+15.5%+7.0%
Q2 2019-14.2%-15.9%-11.6%
Q1 2019-14.2%-15.9%-11.6%
Q4 2018-27.6%-31.4%-33.1%
Q3 2018-7.7%-2.7%-7.0%
Q2 2018+4.9%+1.5%-1.9%
Q1 2018-1.3%+5.6%+3.5%
Q4 2017-5.5%-7.2%-10.1%
Q2 2013-5.5%-7.2%-10.1%
Q3 2017+0.9%-0.4%+5.0%
Q2 2017-0.2%-0.8%-6.9%
Q1 2017+0.8%+0.5%+5.1%
Q4 2016-3.9%+6.4%+1.3%
Q3 2016-4.7%+0.2%-8.2%
Q2 2016+4.6%+5.7%+5.5%
Q1 2015+5.0%
Q1 2016+5.5%
Q4 2015+6.6%
Q3 2014-5.5%
Q3 2015-5.0%
Q1 2013-0.6%
Q2 2014-0.6%
Q1 2014-0.6%
Q4 2012-0.6%
Q4 2014-0.6%
Q4 2013-0.6%
Q3 2013-0.6%
Q2 2015-0.6%
Q3 2012
Q2 2012
Q1 2012
Q4 2011
Q3 2011
Q2 2011
Q1 2011

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro