Kraft Heinz Q1 2024: Sales at $6.39B, Assets $67.8B
Ticker: KHC · Form: 10-Q · Filed: 2024-05-01T00:00:00.000Z
Sentiment: neutral
Topics: earnings, financials, consumer-staples
TL;DR
KHC Q1 sales $6.39B, total assets $67.8B. Solid but watch debt.
AI Summary
Kraft Heinz Co. reported its first quarter 2024 results on May 1, 2024, for the period ending March 30, 2024. The company's financial statements show total assets of $67.8 billion and total liabilities of $27.9 billion as of March 30, 2024. For the three months ended March 30, 2024, the company reported net sales of $6.39 billion.
Why It Matters
This filing provides a snapshot of Kraft Heinz's financial health and performance in early 2024, impacting investor confidence and strategic decisions.
Risk Assessment
Risk Level: medium — The company carries significant debt, as indicated by the substantial total liabilities relative to equity.
Key Numbers
- $6.39B — Net Sales (For the three months ended March 30, 2024)
- $67.8B — Total Assets (As of March 30, 2024)
- $27.9B — Total Liabilities (As of March 30, 2024)
Key Players & Entities
- Kraft Heinz Co. (company) — Filer
- 0001637459-24-000069 (other) — Accession Number
- 20240330 (date) — Period of Report
- 20240501 (date) — Filed as of Date
- $67.8 billion (dollar_amount) — Total Assets as of March 30, 2024
- $27.9 billion (dollar_amount) — Total Liabilities as of March 30, 2024
- $6.39 billion (dollar_amount) — Net Sales for the three months ended March 30, 2024
FAQ
What were Kraft Heinz's net sales for the first quarter of 2024?
Kraft Heinz reported net sales of $6.39 billion for the three months ended March 30, 2024.
What was the total asset value for Kraft Heinz as of March 30, 2024?
As of March 30, 2024, Kraft Heinz's total assets amounted to $67.8 billion.
What were the total liabilities for Kraft Heinz as of the end of the first quarter of 2024?
Kraft Heinz reported total liabilities of $27.9 billion as of March 30, 2024.
What is the filing date and reporting period for this 10-Q?
This 10-Q filing was made on May 1, 2024, and reports on the period ending March 30, 2024.
What is the company's primary industry classification?
Kraft Heinz Co. is classified under 'CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES' with SIC code 2030.
From the Filing
0001637459-24-000069.txt : 20240501 0001637459-24-000069.hdr.sgml : 20240501 20240501160851 ACCESSION NUMBER: 0001637459-24-000069 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 98 CONFORMED PERIOD OF REPORT: 20240330 FILED AS OF DATE: 20240501 DATE AS OF CHANGE: 20240501 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Kraft Heinz Co CENTRAL INDEX KEY: 0001637459 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 462078182 STATE OF INCORPORATION: DE FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 001-37482 FILM NUMBER: 24903029 BUSINESS ADDRESS: STREET 1: ONE PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 BUSINESS PHONE: 412-456-5700 MAIL ADDRESS: STREET 1: ONE PPG PLACE CITY: PITTSBURGH STATE: PA ZIP: 15222 FORMER COMPANY: FORMER CONFORMED NAME: H.J. Heinz Holding Corp DATE OF NAME CHANGE: 20150323 10-Q 1 khc-20240330.htm 10-Q khc-20240330 false 2024 Q1 0001637459 12-28 361 291 0001637459 2023-12-31 2024-03-30 0001637459 us-gaap:CommonStockMember 2023-12-31 2024-03-30 0001637459 khc:FloatingRateSeniorNotesDue2025Member 2023-12-31 2024-03-30 0001637459 khc:SeniorNotesDue2029Member 2023-12-31 2024-03-30 0001637459 2024-04-27 xbrli:shares iso4217:USD 0001637459 2023-01-01 2023-04-01 iso4217:USD xbrli:shares 0001637459 2024-03-30 0001637459 2023-12-30 0001637459 us-gaap:CommonStockMember 2023-12-30 0001637459 us-gaap:AdditionalPaidInCapitalMember 2023-12-30 0001637459 us-gaap:RetainedEarningsMember 2023-12-30 0001637459 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-30 0001637459 us-gaap:TreasuryStockCommonMember 2023-12-30 0001637459 us-gaap:NoncontrollingInterestMember 2023-12-30 0001637459 us-gaap:RetainedEarningsMember 2023-12-31 2024-03-30 0001637459 us-gaap:NoncontrollingInterestMember 2023-12-31 2024-03-30 0001637459 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-12-31 2024-03-30 0001637459 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 2024-03-30 0001637459 us-gaap:TreasuryStockCommonMember 2023-12-31 2024-03-30 0001637459 us-gaap:CommonStockMember 2024-03-30 0001637459 us-gaap:AdditionalPaidInCapitalMember 2024-03-30 0001637459 us-gaap:RetainedEarningsMember 2024-03-30 0001637459 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2024-03-30 0001637459 us-gaap:TreasuryStockCommonMember 2024-03-30 0001637459 us-gaap:NoncontrollingInterestMember 2024-03-30 0001637459 us-gaap:CommonStockMember 2022-12-31 0001637459 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001637459 us-gaap:RetainedEarningsMember 2022-12-31 0001637459 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2022-12-31 0001637459 us-gaap:TreasuryStockCommonMember 2022-12-31 0001637459 us-gaap:NoncontrollingInterestMember 2022-12-31 0001637459 2022-12-31 0001637459 us-gaap:RetainedEarningsMember 2023-01-01 2023-04-01 0001637459 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-04-01 0001637459 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-01-01 2023-04-01 0001637459 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-04-01 0001637459 us-gaap:TreasuryStockCommonMember 2023-01-01 2023-04-01 0001637459 us-gaap:CommonStockMember 2023-04-01 0001637459 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 0001637459 us-gaap:RetainedEarningsMember 2023-04-01 0001637459 us-gaap:AccumulatedOtherComprehensiveIncomeMember 2023-04-01 0001637459 us-gaap:TreasuryStockCommonMember 2023-04-01 0001637459 us-gaap:NoncontrollingInterestMember 2023-04-01 0001637459 2023-04-01 khc:operatingSegment khc:segment 0001637459 khc:RussiaInfantTransactionMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2023-12-31 2024-03-30 0001637459 khc:PapuaNewGuineaTransactionMember us-gaap:DisposalGroupDisposedOfBySaleNotDiscontinuedOperationsMember 2023-12-31 2024-03-30 0001637459 khc:PapuaNewGuineaTransactionMember 2023-12-31 2024-03-30 0001637459 khc:RestructuringActivitiesMember 2023-12-31 2024-03-30