Press release
Kraft Heinz Reports Fourth Quarter and Full Year 2022 Results
Provides Full Year 2023 Outlook for Organic Net Sales(1)(2), Adjusted EBITDA(1)(2), and Adjusted EPS(1)(2) Fourth Quarter Highlights Net sales increased
About this update from The Kraft Heinz Company
[{"type":"text","content":"\nProvides Full Year 2023 Outlook for Organic Net Sales(1)(2), Adjusted EBITDA(1)(2), and Adjusted EPS(1)(2)\n\nFourth Quarter Highlights\n\n\nNet sales increased 10.0%, with Organic Net Sales(1) growth of 10.4%.\n\n\n\nNet income/(loss) increased 447.9%. Adjusted EBITDA(1) increased 8.6%.\n\n\n\nDiluted EPS was $0.72, up 442.9%. Adjusted EPS(1) was $0.85, up 7.6%.\n\n\n PITTSBURGH & CHICAGO--(BUSINESS WIRE)--\nThe Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the fourth quarter and full year 2022.\n\n“2022 was an incredible year for Kraft Heinz, delivering strong results and ending the fourth quarter with solid momentum that positions us well for 2023,” said Kraft Heinz CEO and Chair of the Board Miguel Patricio. “We continue to see strength driven by our key growth pillars, while at the same time prioritizing investments in our brands and delivering on efficiencies.”\n\n“The results were even more impressive considering the difficult operating environment, with record levels of inflation and supply chain disruptions, to which our teams responded with agility. I am very proud of the entire Kraft Heinz team for a strong year, while continuing to execute on our long-term strategy. We are confident that all the work we’ve done thus far positions us well to accelerate profitable growth and generate attractive returns for our stockholders.”\n\n\n\nNet Sales\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nIn millions\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\n \n\n\n\n \n\n\n\nNet Sales\n\n\n\n \n\n\n\nOrganic Net Sales(1)\n\n\n\n\n\n \n\n\n\n \n\n\n\nDecember 31,\n2022\n\n\n\n \n\n\n\nDecember 25,\n2021\n\n\n\n \n\n\n\n% Chg vs\nPY\n\n\n\n \n\n\n\nYoY Growth\nRate\n\n\n\n \n\n\n\nPrice\n\n\n\n \n\n\n\nVolume/\nMix\n\n\n\n\n\nFor the Three Months Ended\n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n \n\n\n\n\n\nNorth America\n\n\n\n \n\n\n\n$\n\n\n\n5,684\n\n\n\n \n\n\n\n$\n\n\n\n5,208\n\n\n\n \n\n\n\n9.1%\n\n\n\n \n\n\n\n9.2%\n\n\n\n \n\n\n\n14.2 pp\n\n\n\n \n\n\n\n(5.0) pp\n\n\n\n\n\nInternational\n\n\n\n \n\n\n\n \n\n\n\n1,697\n\n\n\n \n\n\n\n \n\n\n\n1,501\n\n\n\n \n\n\n\n13.1%\n\n\n\n \n\n\n\n14....