With a market cap of $40.1 billion, The Kraft Heinz Company (KHC) operates in the food and beverage industry, manufacturing and marketing a wide range of products under various renowned brands. Based in Pittsburgh, Pennsylvania, the company is expected to release its fiscal Q2 earnings results before the market opens on Wednesday, Jul. 31.
Ahead of this event, analysts project the packaged foods giant to report a profit of $0.73 per share, reflecting a decrease of 7.6% from $0.79 per share in the year-ago quarter. However, the company holds a solid track record of consistently surpassing Wall Street's bottom-line estimates in each of the last four quarterly reports. In the most recent quarter, KHC posted an EPS of $0.69, surpassing the consensus estimate by 1.5%.
