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Kraft Heinz closes 2023 well but the fourth quarter is down

In the last three months sales fell by 7.1%: the entire fiscal year closes with +0.6% of revenues

Kraft Heinz has communicated the results of the fourth trimester and the entire year 2023 closed with net sales increased of 0.6% to beyond 26,6 billion dollars. Gross profit margin increased by 280 basis points to 33.5% while net profit increased by 20.2% to over $2.8 billion (from $2.36 billion a year earlier) and adjusted ebitda rose by 5.1% to $6.3 billion (from $6 billion a year earlier). The...

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EFA News - European Food Agency
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