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Kraft Heinz Co. (NASDAQ:KHC)

This company has been moved to the archive! The financial data has not been updated since July 31, 2020.

Analysis of Revenues

Microsoft Excel

Revenues as Reported

Kraft Heinz Co., income statement, revenues

US$ in millions

Microsoft Excel
12 months ended: Dec 28, 2019 Dec 29, 2018 Dec 30, 2017 Dec 31, 2016 Dec 31, 2015
Condiments and sauces 6,406 6,752 6,439 6,781 5,846
Cheese and dairy 4,890 5,287 5,482 5,661 2,795
Ambient foods 2,475 2,576 2,310 2,283 1,858
Meats and seafood 2,406 2,505 2,609 2,710 1,480
Frozen and chilled foods 2,371 2,548 2,578 2,251 2,210
Refreshment beverages 1,504 1,507 1,508 1,529 665
Coffee 1,271 1,438 1,423 1,496 710
Infant and nutrition 512 756 755 762 902
Desserts, toppings and baking 1,032 1,038 956 980 521
Nuts and salted snacks 966 967 937 1,051 562
Other 1,144 894 1,235 983 789
Net sales 24,977 26,268 26,232 26,487 18,338

Based on: 10-K (reporting date: 2019-12-28), 10-K (reporting date: 2018-12-29), 10-K (reporting date: 2017-12-30), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31).


Net sales experienced a significant increase between 2015 and 2016, rising from 18,338 million to 26,487 million. Following this peak, overall revenue remained relatively stagnant through 2018 before entering a contraction phase in 2019, where net sales fell to 24,977 million.

Core Segment Performance
Condiments and sauces remained the largest revenue contributor throughout the analyzed period. After peaking in 2016 at 6,781 million, the segment entered a gradual decline, ending at 6,406 million in 2019. The Cheese and dairy segment showed the most volatility, jumping from 2,795 million in 2015 to 5,661 million in 2016, followed by a consistent year-over-year decrease to 4,890 million by 2019.
Growth and Resilience Patterns
Ambient foods demonstrated the most consistent growth trajectory, increasing steadily from 1,858 million in 2015 to a peak of 2,576 million in 2018, before a slight correction to 2,475 million in 2019. Other segments, such as Desserts, toppings and baking, and Nuts and salted snacks, showed a sharp increase in 2016 and subsequently maintained stable revenue levels through 2019.
Contracting Segments
A sustained downward trend is evident in the Infant and nutrition segment, which declined every year from 902 million in 2015 to 512 million in 2019. Similarly, Meats and seafood saw a peak in 2016 at 2,710 million, followed by a progressive decline to 2,406 million by the end of the period.
Secondary Revenue Streams
Refreshment beverages and Coffee both experienced substantial growth in 2016. However, both segments remained largely flat or declined slightly in the subsequent years, with Coffee dropping to 1,271 million and Refreshment beverages ending at 1,504 million in 2019.

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