The Kraft Heinz Company Reports 12% Decline In Q4 Earnings

(RTTNews) - The Kraft Heinz Company (KHC) revealed earnings for fourth quarter that decreased from last year.

The company said its earnings totaled $285 million, or $0.23 per share. This was lower than $323 million, or $0.26 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 5.1% to $7.12 billion. This was down from $7.50 billion last year.

The Kraft Heinz Company earnings at a glance:

-Earnings (Q4): $285 Mln. vs. $323 Mln. last year. -Earnings Decline (Y-o-Y): -11.8% -EPS (Q4): $0.23 vs. $0.26 last year. -EPS Decline (Y-o-Y): -11.5% -Revenue (Q4): $7.12 Bln vs. $7.50 Bln last year. -Revenue Change (Y-o-Y): -5.1%