Kraft Heinz recently announced its financial results for the fourth quarter and full year 2024, along with its outlook for 2025. Despite facing several challenges, the company focused on maintaining profitability and strategic growth.
Key Highlights:
Carlos Abrams-Rivera, CEO of Kraft Heinz, commented, “Although 2024 was a challenging year with our top line results coming in below our expectations, we remained disciplined in protecting profitability while driving industry-leading margins, generating strong cash flow, and returning $2.7 billion in capital to stockholders.”
For the fourth quarter, net sales decreased by 4.1 percent, with organic net sales down by 3.1 percent. The gross profit margin increased by 30 basis points to 34.1 percent. Operating income decreased by 103.1 percent due to $1.4 billion in non-cash impairment losses. Despite these challenges, diluted EPS rose by 188.5 percent to $1.76, and adjusted EPS increased by 7.7 percent to $0.84.
Looking ahead to 2025, Kraft Heinz plans to focus on strategic pillars, product innovation, and expanding its Brand Growth System. Abrams-Rivera stated, “As we enter 2025, our focus remains on executing with excellence against our strategic pillars, where we know we have the right to win.”
To see the full details, visit the full press release here.
