Where culinary passion meets business opportunity
Simple done right
Kraft Heinz Reports Fourth Quarter and Full Year 2022 Results; Miguel Patricio Comments

Kraft Heinz Reports Fourth Quarter and Full Year 2022 Results; Miguel Patricio Comments


CHICAGO, IL
Monday, February 20th, 2023

Weathering the storm of 2022, Kraft Heinz recently released its fourth quarter and full year results for the year. Despite challenges, the company saw a $672 million boost in its yearly net sales.

Miguel Patricio, Chief Executive Officer and Chair of the Board, Kraft Heinz Company“2022 was an incredible year for Kraft Heinz, delivering strong results and ending the fourth quarter with solid momentum that positions us well for 2023,” said Chief Executive Officer and Chair of the Board Miguel Patricio. “We continue to see strength driven by our key growth pillars, while at the same time prioritizing investments in our brands and delivering on efficiencies.”

He went on to discuss the challenges faced by the company in 2022.

“The results were even more impressive considering the difficult operating environment, with record levels of inflation and supply chain disruptions, to which our teams responded with agility. I am very proud of the entire Kraft Heinz team for a strong year, while continuing to execute on our long-term strategy. We are confident that all the work we’ve done thus far positions us well to accelerate profitable growth and generate attractive returns for our stockholders.”

Kraft Heinz recently reported a $672 million boost in its yearly net sales

According to a press release, additional highlights from the report include:

Q4 2022 Financial Summary

  • Net sales increased 10.0 percent versus the year-ago period to $7.4 billion
  • Net income/(loss) increased 447.9 percent versus the year-ago period to $887 million

FY 2022 Financial Summary

  • Net Sales increased 1.7 percent versus the year-ago period to $26.5 billion
  • Net income/(loss) increased 131.3 percent versus the year-ago period to $2.4 billion

For more information regarding the company’s financial results, click here.

And keep reading us at Deli Market News for the latest in specialty updates.

Kraft Heinz
Topics: