Benzinga | Oct 29, 2020 07:40AM EDT

Recap: Kraft Heinz Q3 Earnings



Shares of Kraft Heinz (NASDAQ:KHC) rose 2.8% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 1.45% over the past year to $0.70, which beat the estimate of $0.62.

Revenue of $6,441,000,000 rose by 6.01% year over year, which beat the estimate of $6,310,000,000.

Guidance

Kraft Heinz hasn't issued any earnings guidance for the time being.

Kraft Heinz hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Oct 29, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/37x6mdau

Technicals

52-week high: $36.37

52-week low: $19.99

Price action over last quarter: down 12.65%

Company Description

In July 2015, Kraft merged with Heinz to create the third- largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth- largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Planters, Ore-Ida, and Philadelphia. Outside North America, the firm's global reach includes a distribution network in Europe and emerging markets that drive around one fifth of its consolidated sales base, as its products are sold in more than 190 countries and territories around the world.