trending Market Intelligence /marketintelligence/en/news-insights/trending/m69gxr10ngzVSK8RjNNokw2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Kraft Heinz Intermediate Corp. II fiscal Q1 profit falls YOY

Blog

Banking Essentials Newsletter, January edition - part 2

Blog

European Energy Insights – January 2021

Blog

Essential Metals & Mining Insights - January 2021

Blog

Essential Energy Insights - January 2021


Kraft Heinz Intermediate Corp. II fiscal Q1 profit falls YOY

Kraft Heinz Intermediate Corp. II said its normalized net income for the fiscal first quarter ended March 29 was 25 cents per share, a decrease of 5.2% from 27 cents per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $228.9 million, a decline of 4.9% from $240.8 million in the year-earlier period.

The normalized profit margin rose to 9.7% from 8.6% in the year-earlier period.

Total revenue declined 11.5% on an annual basis to $2.48 billion from $2.80 billion, and total operating expenses fell 12.6% from the prior-year period to $1.95 billion from $2.23 billion.

Reported net income grew year over year to $98.9 million, or 11 cents per share, from $17.9 million, or 2 cents per share.