KHC’s 1Q18 Earnings Rose Year-over-Year, Beating Estimates
Kraft Heinz (KHC) reported better-than-expected adjusted earnings in 1Q18. Kraft Heinz’s adjusted EPS (earnings per share) of $0.89 surpassed the Wall Street estimate of $0.82 and increased 6.0% on a YoY (year-over-year) basis. A decline in the effective rate and cost savings supported the company’s EPS in 1Q18.