Kraft Heinz: focus on long-term profitable growth
The U.S.-based food group says it is targeting 2% to 3% annual organic growth in net sales over the long term, accompanied by a 4% to 6% improvement in adjusted operating profit.
Earnings per share (EPS) are expected to rise by 6% to 8% a year, according to its projections over a ten-year period.
Kraft Heinz unveiled these targets at the 'CAGNY' conference in Boca Raton, Florida, dedicated to major consumer staples groups.
For fiscal year 2024, the company confirms the targets unveiled in its last earnings release, namely net sales organic growth of 0% to 2%, adjusted operating income growth of 2% to 4%, and EPS growth of 1% to 3%.
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