Kraft Heinz earnings and sales beat expectations

Kraft Heinz Co. KHC, +0.61% reported third-quarter nett income of $733 million, oregon 59 cents per share, up from $597 million, oregon 49 cents per share, past year. Adjusted EPS of 65 cents bushed the FactSet statement for 58 cents. Sales of $6.324 cardinal were down from $6.441 billion, but besides up of the FactSet statement for $6.044 billion. Sales results see the divestiture of the Planters nuts business, which was sold to Hormel Foods Corp. HRL, +0.57%. Kraft Heinz expects full-year integrated nett income to beryllium level with 2020, a twelvemonth that the institution calls "exceptionally strong." Kraft Heinz banal edged up 0.9% successful Wednesday premarket trading, and has gained 5.1% for the twelvemonth to date. The S&P 500 scale SPX, +0.18% has precocious 21.8% for 2021 truthful far.