The Kraft Heinz Company said on Wednesday that its diluted earnings per share (EPS) in the fourth quarter of 2022 amounted to $0.72, soaring more than 440% from the loss per share of $0.21 reported in the same period a year earlier. Meanwhile, adjusted EPS increased 8% to $0.85.
Net sales for the trimester climbed 10% to $7.4 billion, net income landed at $887 million and operating income amounted to $1.2 billion. For the full fiscal 2022, net sales rose 2% to $26.5 billion and diluted EPS declined 5% to $2.78.
"2022 was an incredible year for Kraft Heinz, delivering strong results and ending the fourth quarter with solid momentum that positions us well for 2023," CEO Miguel Patricio stated.
Kraft Heinz shares lost 0.33% in premarket trading following the earnings release.
