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Kraft Heinz Reports Earnings on Thursday: Here Is What to Look For

June 14, 2023
in Trade Tube
Reading Time: 1 min read
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On Thursday, Feb. 25, investors will be keeping a close eye on quarterly results from Kraft Heinz Company (KHC) and retail stocks including Best Buy (BBY) and Kohl’s Corporation (KSS). Kraft Heinz is a holding of Jim Cramer’s charitable trust, Action Alerts PLUS. ‘The key thing driving this entire story is the merger between Kraft and Heinz,’ said Scott Berman, a portfolio analyst with Jim Cramer’s charitable trust. ‘I don’t think we’re going to get to see actual results from that this quarter, because it just closed last quarter, but we’ll be looking for an update on their margin expansion efforts.’ Kraft Heinz posts earnings after the markets close. Also, Best Buy reports results on Thursday before the markets open. Analysts expect the electronics giant to report earnings of $1.39 a share on sales of about $13.61 billion. Kohl’s Corporation (KSS) also posts earnings before the opening bell, with analysts looking for net income of $1.56 a share on sales of about $6.4 billion. TheStreet’s Scott Gamm has details from Wall Street.

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