NASDAQ$KHC

Kraft Heinz Co · Q4 2019 earnings

Q4 2019 earnings · · Investor relations

Briefing

Kraft Heinz reported disappointing results but closed the year with performance consistent with expectations, driven by anticipated factors.

Kraft Heinz reported Q4 2019 financial results with net sales decreasing by 5.1% to $6.5 billion. Net income attributable to common shareholders increased to $182 million, and diluted EPS increased to $0.15. Adjusted EPS decreased 14.3% to $0.72.

  • Net sales were $6.5 billion, down 5.1 percent versus the year-ago period.
  • Net income attributable to common shareholders increased to $182 million and diluted EPS increased to $0.15, primarily reflecting lower non-cash impairment charges recognized in the current year period.
  • Adjusted EBITDA decreased 6.6 percent versus the year-ago period to $1.6 billion.
  • Adjusted EPS decreased 14.3 percent to $0.72, reflecting lower Adjusted EBITDA, a higher effective tax rate, and higher stock-based compensation versus the prior year period.

Headline financials

Total Revenue

$6.54B

Previous: $6.89B-5.2%
EPS (adj)

$0.72

Previous: $0.84-14.3%
Organic Net Sales Growth

-2.2%

No prior period
Capital Expenditures

$187M

Previous: $232M-19.4%
Free Cash Flow

$1.38B

Previous: $1.44B-4.7%
Net Income

$183M

Previous: -$12.7B+101.4%
Operating Income

$594M

Previous: $1.04B-42.9%
Gross Profit

$2.11B

Previous: $2.23B-5.6%
Cash & Equivalents

$2.28B

Previous: $1.13B+101.7%
Total Assets

$101B

Previous: $103B-1.9%
Stock-Based Comp

$20M

Previous: -$11M+281.8%

Revenue & EPS history

Kraft Heinz · Revenue · Quarterly

$6.54B

Q4 2019-5.2%vs Q4 2018
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Kraft Heinz · $5B total across 1 segment · Q3 2023

  • North America
    $5B-0.4%

Forward guidance

The turnaround will take time, but Kraft Heinz expects to make significant progress in 2020, laying a strong foundation for future growth.

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 Q4 2019

Historical avgQ4 2019

-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

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