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Kraft Heinz earnings: 62 cents per share, vs expected EPS of 58 cents

Kraft Macaroni & Cheese and Heinz Tomato Ketchup
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Kraft Heinz reported quarterly earnings and revenue that beat analysts' expectations on Thursday.

The company posted fiscal fourth-quarter earnings per share of 62 cents on $7.12 billion in revenue. Analysts had expected Kraft Heinz to report earnings of about 58 cents a share on $7 billion in revenue, according to a consensus estimate from Thomson Reuters.

The company also declared a quarterly dividend of 57.5 cents per share.

Shares in the company were 4 percent after-hours on the news.

Kraft Heinz CEO Bernardo Hees said in a statement that the strong quarter reflected the improved operations after the merger of Kraft and Heinz last year.

"We are working to implement proven management methodologies, remove inefficient spending and streamline our organization, while investing in our brands and innovation to drive long-term profitable growth," Hees said.

Formed by the merger of Kraft and Heinz last year, Kraft Heinz said in November it would be closing seven factories and cutting about 2,600 jobs from the company's North American factory-based employee population.

The decision to close the factories came after "an extensive review of the Kraft Heinz North American supply chain footprint, capabilities and capacity utilization," said Michael Mullen, senior vice president of corporate and government affairs, in a statement at the time.

— CNBC's Everett Rosenfeld contributed to this report.