Investing.com - Kraft Heinz (NASDAQ:KHC) reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kraft Heinz announced earnings per share of $0.79 on revenue of $6.71B. Analysts polled by Investing.com anticipated EPS of $0.6329 on revenue of $6.6B.
Kraft Heinz shares are down 3% from the beginning of the year, still down 22.85% from its 52 week high of $44.95 set on May 24, 2021. They are outperforming the Nasdaq 100 which is down 10.41% from the start of the year.
Kraft Heinz follows other major Consumer Staples sector earnings this month
Kraft Heinz's report follows an earnings beat by Procter&Gamble on January 19, who reported EPS of $1.66 on revenue of $20.95B, compared to forecasts EPS of $1.65 on revenue of $20.33B.
Coca-Cola had beat expectations on February 10 with fourth quarter EPS of $0.45 on revenue of $9.47B, compared to forecast for EPS of $0.4118 on revenue of $8.99B.
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