Kraft, Heinz: quarterly sales below consensus


(Reuters) – Kraft Heinz announced on Friday that quarterly revenue below the consensus due to a fall in demand from the us distributors for the food products packaged as peanuts or cheese.

The manufacturer of the ketchup eponymous has said that its turnover had increased by 0.3% and 6.88 billion (5,52 billion euros) in the fourth quarter of 2017, compared to the consensus Thomson Reuters I/B/E/S who gave it to 6,92 billion.

In the United States, the principal market of the group, the board declined 1.1% to 4,79 billion, a seventh consecutive monthly decline, to be found below the consensus which was 4.81 billion.

The net profit has soared to eight billion dollars, or 6.52 dollars per share, compared to 944 million (77 cents) a year earlier, a direct effect of the tax reform american.

Without exceptional items, the earnings per share of 90 cents, well below consensus, handing it to 95 cents.

The action is in moderate decrease in avant-Bourse.

(Vibhuti SharmaWilfrid Exbrayat for the French service)

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