Recap: Kraft Heinz Q2 Earnings


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


 

Shares of Kraft Heinz (NASDAQ:KHC) moved higher by 0.1% in pre-market trading after the company reported Q2 results.

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!

Quarterly Results

Earnings per share were down 2.50% year over year to $0.78, which beat the estimate of $0.72.

Revenue of $6,615,000,000 decreased by 0.50% year over year, which beat the estimate of $6,530,000,000.

Looking Ahead

Kraft Heinz hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.


FREE REPORT: How To Learn Options Trading Fast

In this special report, you will learn the four best strategies for trading options, how to stay safe as a complete beginner, ​a 411% trade case study, PLUS how to access two new potential winning options trades starting today.Claim Your Free Report Here.


Details Of The Call

Date: Aug 04, 2021

Time: 09:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/giordsyk

Recent Stock Performance

52-week high: $44.95

52-week low: $28.56

Price action over last quarter: down 5.55%

Company Description

In July 2015, Kraft merged with Heinz to create the third- largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth- largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Ore-Ida, and Philadelphia. Outside North America, the firm's global reach includes a distribution network in Europe and emerging markets that drive around one fifth of its consolidated sales base, as its products are sold in more than 190 countries and territories.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


Posted In: EarningsNewsBZI-Recaps