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Is Kraft Heinz Stock a Buy?
KHCKraft Heinz(KHC) The Motley Fool·2024-06-07 16:30

This packaged foods giant may be cooking up a turnaround. So is Kraft Heinz a buy now? Here's what you need to know. Adjusted earnings per share (EPS) of $0.69 climbed by 1.5% year over year, benefiting from a solid expansion in the adjusted gross margin, which reached 34.5% from 32.8% in the prior-year quarter. Efforts to raise pricing helped balance lower volumes while supporting profitability. Even as total revenue declined by 1.2% from Q1 2023, organic net sales fared a bit better, down by just 0.5%. Kr ...