Food and beverage products provider The Kraft Heinz Company (NASDAQ:KHC) has reported better than expected numbers for the third quarter.
Revenue increased 2.8% year-over-year to $6.5 billion, outperforming estimates by $210 million. EPS at $0.63 too, came in ahead of expectations by $0.07.
Looking ahead, the company expects a strong performance for 2022 and has reiterated its projection of a high single-digit growth in net sales.
Adjusted EBITDA is seen landing between $5.9 billion and $6 billion. This is an upward revision to the lower end over the previous estimate in the range of $5.8 billion and $6 billion.
Moreover, the company has also declared a $0.40 quarterly dividend. The dividend is payable on December 30 to investors of record on November 25.
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