Kraft Heinz recently released its Q1 2024 results, showing a net sales revenue of $6.4 billion, a year-on-year decrease of 1.2%; The operating profit was 1.3 billion US dollars, a year-on-year increase of 4.7%; Adjusted earnings per share were $0.69, a year-on-year increase of 1.5%. The net sales of China's emerging markets were 728 million US dollars, an endogenous increase of 5.5% year-on-year.
Carlos Abrams Rivera, CEO of Kraft Heinz, said, "Our strategy to improve end-to-end efficiency and reinvest in the business to drive sales growth continues to be effective, and our first quarter results met expectations. The three core business pillars - global catering services, emerging markets, and North American retail - all achieved growth, with sales continuing to recover and operating profits increasing year-on-year. Our 'scale agile' approach continues to provide momentum for reinvestment business, helping to achieve overall efficiency goals. These reinvestments are empowering innovation, brand advantages, disruptive marketing, excellent sales, and further improving productivity to drive performance growth. We reiterated our expectations for 2024 and Full of confidence in the ability to achieve profitable growth