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Investing.com -- Kraft Heinz (NASDAQ:KHC) shares climbed 1% in premarket trading after the company delivered second-quarter earnings and revenue ahead of analyst expectations. The company affirmed its outlook for the year.
The maker of Heinz Ketchup posted earnings per share (EPS) of $0.69 for the quarter, surpassing consensus expectations of $0.64.
Revenue for the period slipped 1.9% year-over-year to $6.35 billion, ahead of the $6.25 billion consensus projection.
Organic net sales declined 2% year-over-year, while the adjusted gross profit margin narrowed by 140 basis points to 34.1%.
Adjusted operating income fell 7.5% to $1.3 billion.
“We are proud to play a vital role in families’ lives, and our commitment to delivering superior, affordable, and accessible products is unwavering,” said Carlos Abrams-Rivera, CEO of Kraft Heinz.
For full-year 2025, the company expects EPS in the range of $2.51 to $2.67, compared to the consensus estimate of $2.59.
It forecasts a decline in organic net sales between 1.5% and 3.5%.
Constant currency adjusted operating income is projected to drop 5% to 10%, while free cash flow is expected to remain flat year-over-year.