-=Kraft Heinz (KHC) reported earnings on Thur 31 Oct 19 (b/o)

• Oct. 30: #2, 8, 10, 12, 23, 29, 30, 75, 83, 97

Kraft Heinz beats by $0.15, reports revs in-line

Reports Q3 (Sep) earnings of $0.69 per share, excluding non-recurring items, $0.15 better than the S&P Capital IQ Consensus of $0.54; revenues fell 4.8% year/year to $6.08 bln vs the $6.13 bln S&P Capital IQ Consensus.

• US sales declined 1.6% to $4.4 bln. Pricing increased 1.5 percentage points, driven by price increases across several categories, including Oscar Mayer cold cuts, Philadelphia cream cheese, macaroni & cheese, and Lunchables. This more than offset pricing to offset lower key commodity costs in coffee and nuts.

"While our third-quarter results remain below our potential, we showed sequential improvement versus the first half, and [we] believe we are beginning to operate the business better...We are making good progress in identifying and addressing the root causes of past performance, as well as setting our strategic direction. Although there is still much work ahead, we're encouraged by our improving performance, and are even more confident in our ability to turn around the Company and set a path of long term growth and profitability."