PITTSBURGH & CHICAGO--(BUSINESS WIRE)--The Kraft Heinz Company (“Kraft Heinz” or the “Company”) today reported third quarter 2017 financial results that reflected significant cost savings and improved net sales performance that were offset by a higher tax rate versus the prior year period.
- Q3 net sales increased 0.7%; Organic Net Sales(1) increased 0.3%
- Q3 net income attributable to common shareholders increased 12.1%; Adjusted EBITDA(1) increased 6.7% on a constant currency basis
- Q3 diluted EPS increased to $0.77; Adjusted EPS(1) of $0.83 was equal to the prior year
“We continued to build top- and bottom-line momentum from operations during the third quarter, and expect to see the same in the fourth quarter,” said Kraft Heinz CEO Bernardo Hees. “There’s no question that the retail environment, particularly in the United States, will remain both dynamic and challenging. However, the investments we’ve been making in our brands, our innovation pipeline, our people and our capabilities make us well-positioned to continue delivering sustainable, profitable growth in both the near and long term.”