Pittsburgh, Pennsylvania-based The Kraft Heinz Company (KHC) is a prominent manufacturer and marketer of food and beverage products. Its offerings include sauces, cheese, meals, meats, refreshment beverages, coffee, and more. With a market cap of $43.1 billion, Kraft Heinz’s operations span North America and internationally. The food giant is expected to release its Q3 earnings before the market opens on Wednesday, Oct. 30.
Ahead of the event, analysts expect Kraft Heinz to report a profit of $0.74 per share, up 2.8% from $0.72 per share reported in the year-ago quarter. The company has surpassed Wall Street’s adjusted EPS projections in each of the past four quarters. Its adjusted EPS for the last reported quarter declined 1.3% year-over-year to $0.78 but exceeded the consensus estimates by 6.9%.
