In a release dated February 13th The Kraft-Heinz Company (KHC) reported results for Q4 and FY2019 ending December 28th. 

For the fourth quarter the company reported net income of $182 million on sales of $6.54 billion with an EPS of $0.15.  Values for the comparative quarter in 2018 were a loss of $12.6 billion on sales of $6.89 billion due to a charge of $6.88 billion on goodwill and a write-down of intangible assets of $8.61 billion.

For FY 2019, Kraft-Heinz achieved a net income of $1.94 billion on sales of $25.00 billion with an EPS of $1.58.  Comparative figures for FY2018 were a loss of $10.20 billion on sales of $26.27 billion within EPS of ($8.36) due to charges and write-downs.    

In commenting on results, Miguel Patrizio stated "we have taken critical actions over the past six months to reestablish viability and control over the business.  We remain convinced that Kraft-Heinz has a potential to achieve best-in-class financial performance as we begin transforming our capabilities and making necessary investments in our brands based on deep consumer insight.  Our turnaround will take time, but we expect to make significant progress in 2020, laying a stronger foundation for future growth." 

The company has total assets of $101.45 billion of which 83.0 percent are intangibles and goodwill.  The company carries $28.2 billion in long-term debt.

KHC closed at $30.03 on Wednesday 12th pre-release but opened at $27.53 following results.

KHC has a market capitalization of $32.8 billion and trades with a forward P/E of 11.4. The trailing 12-month operating margin is 22.3 percent and the profit margin is 7.8 percent.  Return on assets and equity are 3.4 and 3.7 percent respectively.