Earnings release
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Contacts : Christopher Jakubik , CFA ( investors ) ir@kraftheinz.com KRAFT HEINZ REPORTS THIRD QUARTER 2021 RESULTS Kraft Heinz Net Sales In millions Alex Abraham ( media ) Alex.Abraham@kraftheinz.com PITTSBURGH & CHICAGO - October 27 , 2021 - The Kraft Heinz Company ( Nasdaq : KHC ) ( " Kraft Heinz " or the " Company " ) today reported financial results for the third quarter of 2021 , which reflected gains in Organic Net Sales on top of exceptionally strong growth in 2020. The Company also reported better - than expected results , enabled by improvements in its operating model and an agile approach to managing supply and services through volatile markets . International Canada Kraft Heinz Delivers results ahead of expectations Gaining traction to address inflation , advance strategy Raises full year outlook " I am incredibly proud of our Kraft Heinz team for delivering another quarter of results that exceed our expectations , even as we face the ongoing challenges of the pandemic and , now , escalating inflation , " said Kraft Heinz CEO , Miguel Patricio . " We are effectively adapting to near - term challenges while transforming our business and rejuvenating our iconic brands to better serve consumers for the long term . We still have much to do , but our momentum is strong and our strategy to bring agility to our scale is working , which is why we are increasing full - year expectations . " For the Three Months Ended United States International Canada Kraft Heinz For the Nine Months Ended United States Net Sales September 25 , September 26 , 2021 2020 $ 4,521 $ 1,383 420 6,324 $ $ $ $ 4,710 1,325 406 6,441 13,867 14,122 4,190 3,931 1,276 1,193 19,333 $ 19,246 1 % Chg vs PY ( 4.0 ) % 4.4 % 3.4 % ( 1.8 ) % Exhibit 99.1 ( 1.8 ) % 6.6 % 7.0 % 0.5 % Organic Net Sales ( ¹ ) Growth YoY Growth Rate 1.3 % 2.2 % ( 1.9 ) % 1.3 % 0.3 % 1.8 % ( 1.2 ) % 0.5 % Price 1.4 pp 2.2 pp 0.2 pp 1.5 pp 1.3 pp 2.1 pp 2.2 pp 1.5 pp Volume / Mix ( 0.1 ) pp 0.0 pp ( 2.1 ) pp ( 0.2 ) pp ( 1.0 ) pp ( 0.3 ) pp ( 3.4 ) pp ( 1.0 ) pp