Press release
Kraft Heinz Reports Second Quarter 2022 Results
Company Delivers Solid Second Quarter Results, Continues to Successfully Navigate Current Environment and Advance Long-Term Strategy Raises Full Year Outlook
About this update from The Kraft Heinz Company
[{"type":"text","content":"\nCompany Delivers Solid Second Quarter Results, Continues to Successfully Navigate Current Environment and Advance Long-Term Strategy\n\nRaises Full Year Outlook for Organic Net Sales(1)(2) While Holding to Previous Adjusted EBITDA(1)(2) Expectations\n\n PITTSBURGH & CHICAGO--(BUSINESS WIRE)--\nThe Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the second quarter of 2022 that reflected strong price realization and resilient demand.\n\n\"We delivered yet another quarter of strong results as we continue to successfully navigate near-term headwinds, enabled by further advancements of our long-term strategy,\" said Kraft Heinz CEO and Chair of the Board Miguel Patricio. \"Though the environment remains fluid, we are better able to anticipate dynamic conditions, adapt to this constantly changing environment, and demonstrate our resiliency against new challenges. We are anticipating and adapting to changing market conditions while managing inflation through pricing realization and gross efficiencies. I am very proud of the Kraft Heinz team because, despite all of the challenges, employees across the organization continue to do a tremendous job.\"\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) Growth\n\n\n\n\n\n \n\n\n\n \n\n\n\nJune 25, 2022\n\n\n\n \n\n\n\nJune 26, 2021\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/Mix\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$\n\n\n\n5,039\n\n\n\n \n\n\n\n$\n\n\n\n5,202\n\n\n\n \n\n\n\n(3.1)%\n\n\n\n \n\n\n\n9.8%\n\n\n\n \n\n\n\n13.1 pp\n\n\n\n \n\n\n\n(3.3) pp\n\n\n\n\n\nInternational\n\n\n\n \n\n\n\n \n\n\n\n1,515\n\n\n\n \n\n\n\n \n\n\n\n1,413\n\n\n\n \n\n\n\n7.2%\n\n\n\n \n\n\n\n11.0%\n\n\n\n \n\n\n\n10.3 pp\n\n\n\n \n\n\n\n0.7 pp\n\n\n\n\n\nKraft Heinz\n\n\n\n \n\n\n\n$\n\n\n\n6,554\n\n\n\n \n\n\n\n$\n\n\n\n6,615\n\n\n\n \n\n\n\n(0.9)%\n\n\n\n \n\n\n\n10.1%\n\n\n\n \n\n\n\n12.4 pp\...