— Kraft Heinz’s (NASDAQ: KHC) third quarter 2019 adjusted EPS decreased 9.2% to $0.69 vs. $0.53 expected.
— Sales declined 4.8% to $6.08 billion vs. $6.12 billion expected.
— Organic net sales in Q3 2019 decreased 1.1% versus the year-ago period.
— GAAP EPS attributable to common shareholders increased 50% year-over-year to $0.74.
— Sales in US, Canada, EMEA and Rest of World, declined 1.6%, 21.1%, 3.5%, and 13.3%, respectively.
— KHC shares rose about 5% in the pre-market trading session.
Most Popular
Does Unity Software (U) stock has more room to run?
Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a
PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant
PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the
Does the virus-driven boom make Electronic Arts (EA) a good investment?
With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,