Q4 Financial Highlights

In an impressive financial turnaround, The Kraft Heinz Company announced a remarkable 188.5% increase in its diluted earnings per share (EPS) for the fourth quarter of fiscal 2024, reaching $1.76. This significant growth comes despite a 4.1% year-over-year decrease in net sales, which totaled $6.6 billion for the quarter.

Annual Performance Overview

For the entire fiscal year 2024, the company experienced a 3% decline in net sales, amounting to $25.8 billion. Diluted EPS also saw a slight decrease of 2.2%, settling at $2.26. However, net income showcased an extraordinary 181.7% annual growth, culminating in $2.1 billion.

Leadership's Perspective

"Despite the challenges faced in 2024, including top-line results that fell short of our expectations, we maintained our commitment to profitability, achieving industry-leading margins, generating robust cash flow, and returning $2.7 billion in capital to our stockholders," stated CEO Carlos Abrams-Rivera.

Market Reaction

Following the earnings report, Kraft Heinz shares experienced a 4.33% decline in premarket trading, reflecting investor reactions to the mixed financial outcomes.