These Analysts Boost Their Forecasts On Kraft Heinz After Upbeat Earnings
These Analysts Boost Their Forecasts On Kraft Heinz After Upbeat Earnings
"Our second quarter net sales growth came in lower than originally anticipated, as consumer sentiment remains cautious," said CEO Carlos Abrams-Rivera. "While we are now expecting a more gradual top-line improvement in the back half of the year, we continue to unlock efficiencies that are allowing us to make accretive investments in our brands, grow profits, and drive future sales growth."The Kraft Heinz Company (NASDAQ:KHC) reported better-than-expected second-quarter adjusted EPS results on Wednesday.
卡夫亨氏公司（納斯達克：KHC）週三發佈了超出預期的第二季度調整後的每股收益結果。
Kraft Heinz reported a second-quarter FY24 sales decline of 3.6% year-on-year to $6.48 billion, missing the analyst consensus estimate of $6.55 billion. Sales in North America declined 3.1% Y/Y, and International Developed Markets dropped 5%. Organic net sales slipped 2.4%.
卡夫亨氏報告第二財季FY24銷售額同比下降3.6％至64.8億美元，未達到分析師一致預期的65.5億美元。北美銷售額同比下降3.1％，發達市場國際銷售額下降5％。有機淨銷售額下降2.4％。
Adjusted EPS of 78 cents beat the analyst consensus of 74 cents.
每股調整後的EPS爲78美分，高於分析師預期的74美分。
"Our second quarter net sales growth came in lower than originally anticipated, as consumer sentiment remains cautious," said CEO Carlos Abrams-Rivera. "While we are now expecting a more gradual top-line improvement in the back half of the year, we continue to unlock efficiencies that are allowing us to make accretive investments in our brands, grow profits, and drive future sales growth."
“由於消費者情緒謹慎，我們的第二季度淨銷售增長低於最初預期，”首席執行官卡洛斯·阿布拉姆斯 -裏韋拉表示。“雖然我們現在預計在後半年銷售額的改善將更加逐步，但我們仍在找到提高效率的方法，從而能夠對品牌進行增值投資，提高利潤並推動未來的銷售增長。”
Kraft Heinz expects FY24 adjusted EPS of $3.01 – $3.07, which is the same as prior expectations and against the estimate of $3.01. The company sees FY24 organic net sales to be down 2% to flat versus the prior year, compared to the previous expectation of 0% to 2% growth.
卡夫亨氏預計FY24的調整後每股收益爲3.01至3.07美元，這與先前的預期相同，但反對預測爲3.01美元。公司預計FY24年有機淨銷售額同比下降2％至持平，而先前的預期爲0％至2％的增長。
Kraft Heinz shares fell 0.3% to trade at $35.10 on Thursday.
週四，卡夫亨氏股價下跌0.3％，報35.10美元。
These analysts made changes to their price targets on Kraft Heinz following earnings announcement.
這些分析師在公佈業績後對卡夫亨氏的價格目標進行了更改。
- Wells Fargo analyst Chris Carey maintained Kraft Heinz with an Equal-Weight rating and raised the price target from $34 to $35.
- Deutsche Bank analyst Stephen Powers maintained Kraft Heinz with a Buy and raised the price target from $39 to $40.
- Barclays analyst Andrew Lazar maintained Kraft Heinz with an Equal-Weight rating and boosted the price target from $34 to $36.
- 富國銀行分析師克里斯·凱雷（Chris Carey）維持了卡夫亨氏的同等權重評級，並將價格目標從34美元上調至35美元。
- 德意志銀行分析師斯蒂芬·鮑爾斯（Stephen Powers）保持卡夫亨氏的買入評級，並將價格目標從39美元上調至40美元。
- 巴克萊銀行分析師安德魯·拉扎爾（Andrew Lazar）維持卡夫亨氏的同等權重評級，並將價格目標從34美元上調至36美元。
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