Kraft Heinz Co
For the period ended Dec 30, 2023. Filed Feb 15, 2024.
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FY2023 · Filed Feb 15, 2024
KHC$24.24-0.7%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(in millions, except per share data)
| December 30, 2023 | December 31, 2022 | December 25, 2021 | |
|---|---|---|---|
| Net sales | $26,640 | $26,485 | $26,042 |
| Cost of products sold | 17,714 | 18,363 | 17,360 |
| Gross profit | 8,926 | 8,122 | 8,682 |
| Selling, general and administrative expenses, excluding impairment losses | 3,692 | 3,575 | 3,588 |
| Goodwill impairment losses | 510 | 444 | 318 |
| Intangible asset impairment losses | 152 | 469 | 1,316 |
| Selling, general and administrative expenses | 4,354 | 4,488 | 5,222 |
| Operating income/(loss) | 4,572 | 3,634 | 3,460 |
| Interest expense | 912 | 921 | 2,047 |
| Other expense/(income) | 27 | (253) | (295) |
| Income/(loss) before income taxes | 3,633 | 2,966 | 1,708 |
| Provision for/(benefit from) income taxes | 787 | 598 | 684 |
| Net income/(loss) | 2,846 | 2,368 | 1,024 |
| Net income/(loss) attributable to noncontrolling interest | (9) | 5 | 12 |
| Net income/(loss) attributable to common shareholders | $2,855 | $2,363 | $1,012 |
| Per share data applicable to common shareholders: | |||
| Basic earnings/(loss) | $2.33 | $1.93 | $0.83 |
| Diluted earnings/(loss) | 2.31 | 1.91 | 0.82 |
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