NASDAQ$KHC

Kraft Heinz Co · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Reported fourth quarter and full year 2020 results, showing increased net sales, gross profit, and operating income.

Kraft Heinz reported strong Q4 2020 results, with net sales increasing by 6.2% and organic net sales increasing by 6.0%. The company's transformation plan exceeded expectations in 2020, and they are confident in exceeding it again in 2021.

  • Q4 net sales increased 6.2%; Organic Net Sales increased 6.0%.
  • Q4 gross profit increased 19.7%.
  • Q4 operating income increased 160.7%, net income attributable to common shareholders increased 467.5%, and diluted EPS increased 460.0%.
  • Adjusted EBITDA increased 14.3% and Adjusted EPS increased 11.1%.

Headline financials

Total Revenue

$6.94B

Previous: $6.54B+6.2%
EPS (adj)

$0.80

Previous: $0.72+11.1%
Organic Net Sales Growth

6.0%

Previous: -2.2%+372.7%
Capital Expenditures

$199M

Previous: $187M+6.4%
Free Cash Flow

$4.33B

Previous: $1.38B+215.1%
Net Income

$1.03B

Previous: $183M+465.0%
Operating Income

$1.55B

Previous: $594M+160.9%
Gross Profit

$2.52B

Previous: $2.11B+19.7%
Cash & Equivalents

$3.42B

Previous: $2.28B+49.9%
Total Assets

$99.8B

Previous: $101B-1.6%
Stock-Based Comp

$42M

Previous: $20M+110.0%

Revenue & EPS history

Kraft Heinz · Revenue · Quarterly

$6.94B

Q4 2020+6.2%vs Q4 2019
Beat estimate in 11 of 16 quarters(69%)
ActualEstimate

Revenue by segment

Kraft Heinz · $5.08B total across 1 segment · Q4 2020

  • North America
    $5.08B

Forward guidance

The Company continues to expect it will deliver 2021 financial performance ahead of its strategic plan. Based on performance to date, the Company believes flat-to-positive growth in Organic Net Sales and low-single-digit Constant Currency Adjusted EBITDA growth versus the prior year period are reasonable expectations for first-quarter 2021 performance.

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 2020

Historical avgQ4 2020

-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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