Investing.com - Kraft Heinz (NASDAQ:KHC) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Kraft Heinz announced earnings per share of $0.78 on revenue of $6.62B. Analysts polled by Investing.com anticipated EPS of $0.7203 on revenue of $6.55B.
Kraft Heinz shares are up 12% from the beginning of the year and are trading at $38.94 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 16.86% from the start of the year.
Kraft Heinz follows other major Consumer Staples sector earnings this month
Kraft Heinz's report follows an earnings beat by Procter&Gamble on Friday, who reported EPS of $1.13 on revenue of $18.95B, compared to forecasts EPS of $1.08 on revenue of $18.37B.
Nestle ADR had matched expectations on July 29 with second quarter EPS of $2.3 on revenue of $22.81B, compared to forecast for EPS of $2.3 on revenue of $22.49B.
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