Kraft Heinz beats by $0.08, reports revs in-line (54.20 -1.50)
Reports Q1 (Mar) earnings of $0.89 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus of $0.81; revenues fell 0.3% year/year to $6.30 bln vs the $6.32 bln Capital IQ Consensus.
"The initial successes we're seeing in the marketplace, together with the strong investments we're making in marketing, new product innovation, and capability-building, give us increased confidence in delivering the top- and bottom-line growth we expect in 2018."