Press release
Kraft Heinz Reports Third Quarter 2021 Results
Delivers results ahead of expectations Gaining traction to address inflation, advance strategy Raises full year outlook PITTSBURGH & CHICAGO--(BUSINESS
About this update from The Kraft Heinz Company
[{"type":"text","content":"\nDelivers results ahead of expectations\n\nGaining traction to address inflation, advance strategy\n\nRaises full year outlook\n\n PITTSBURGH & CHICAGO--(BUSINESS WIRE)--\nThe Kraft Heinz Company (Nasdaq: KHC) (“Kraft Heinz” or the “Company”) today reported financial results for the third quarter of 2021, which reflected gains in Organic Net Sales on top of exceptionally strong growth in 2020. The Company also reported better-than-expected results, enabled by improvements in its operating model and an agile approach to managing supply and services through volatile markets.\n\n\"I am incredibly proud of our Kraft Heinz team for delivering another quarter of results that exceed our expectations, even as we face the ongoing challenges of the pandemic and, now, escalating inflation,” said Kraft Heinz CEO Miguel Patricio. “We are effectively adapting to near-term challenges while transforming our business and rejuvenating our iconic brands to better serve consumers for the long term. We still have much to do, but our momentum is strong and our strategy to bring agility to our scale is working, which is why we are increasing full-year expectations.\"\n\n\n\nNet Sales\n\n\n\n\n\nIn millions\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\nSeptember 25,\n\n\n2021\n\n\n\n \n\n\n\nSeptember 26,\n\n\n2020\n\n\n\n \n\n\n\n% Chg vs PY\n\n\n\n \n\n\n\nYoY Growth\n\n\nRate\n\n\n\n \n\n\n\n Price \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\nUnited States\n\n\n\n \n\n\n\n$\n\n\n\n4,521\n\n\n\n \n\n\n\n$\n\n\n\n4,710\n\n\n\n \n\n\n\n(4.0)%\n\n\n\n \n\n\n\n1.3%\n\n\n\n \n\n\n\n1.4 pp\n\n\n\n \n\n\n\n(0.1) pp\n\n\n\n\n\nInternational\n\n\n\n \n\n\n\n1,383\n\n\n\n \n\n\n\n1,325\n\n\n\n \n\n\n\n4.4%\n\n\n\n \n\n\n\n2.2%\n\n\n\n \n\n\n\n2.2 pp\n\n\n\n \n\n\n\n0.0 pp\n\n\n\n\n\nCanada\n\n\n\n \n\n\n\n420\n\n\n\n \n\n\n\n406\n\n\n\n \n\n\n\n3.4%\n\n\n\n \n\n\n\n(1.9)%\n\n\n\n \n\n\n\n0.2 pp\n\n\n\n \n\n\n\n(2.1) pp\n\n\n\n\n\nKraft Heinz\n\n\n\n \n\n\n\n$\n\n\n\n6,324\n\n\n\n \n\n\n\n$\n\n\n\n6,441\n\n\n\n \n\n\n\n(1.8)%\n\n\n\n \n\n\n\n1.3%\n\n\n\n \n\n\n\n1.5 pp\n\n\n\n \n\n\n\n(0.2) pp\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...