Earnings release
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Exhibit 99.1 Kraft Heinz Contacts : Michael Mullen ( media ) Michael.Mullen@kraftheinz.com Christopher Jakubik , CFA ( investors ) ir@kraftheinz.com KRAFT HEINZ REPORTS FIRST QUARTER 2021 RESULTS • Q1 net sales increased 3.9 % and Organic Net Sales ( 1 ) increased 2.5 % • Q1 gross profit increased 18.5 % • • Q1 operating income increased 41.3 % , net income increased 49.0 % , and diluted EPS increased 48.4 % Adjusted EBITDA ( 1 ) increased 11.6 % and Adjusted EPS ( 1 ) increased 24.1 % PITTSBURGH & CHICAGO - April 29 , 2021 - The Kraft Heinz Company ( Nasdaq : KHC ) ( “ Kraft Heinz❞ or the " Company " ) today reported financial results for the first quarter of 2021 that reflected solid net sales growth , favorable product mix , and lower general corporate expenses versus the year - ago period , with strong performance across all business segments . “ Our first quarter was better than expected , with our team delivering strong results on top of exceptional growth last year , " said Kraft Heinz CEO Miguel Patricio . " Looking forward , we will continue to focus on leveraging our tremendous scale by investing to improve our capabilities and overall agility . As we do , we believe we will come out of this period much stronger , operationally and financially , than we entered . " Net Sales In millions Net Sales Organic Net Sales ( 1 ) Growth March 27 , 2021 March 28 , 2020 % Chg vs PY YoY Growth Rate Volume / Price Mix For the Three Months Ended United States $ 4,608 $ 4,495 2.5 % 2.5 % 1.0 pp 1.5 pp International 1,394 1,301 7.2 % 2.7 % 2.2 pp 0.5 pp 392 361 8.8 % 2.5 % 4.9 pp ( 2.4 ) pp Canada Kraft Heinz $ 6,394 $ 6,157 3.9 % 2.5 % 1.5 pp 1.0 pp 1