Bottles of Heinz Tomato Ketchup, owned by the Kraft Heinz Company, are seen for sale in Queens, New York, U.S., November 16, 2021.
Bottles of Heinz Tomato Ketchup, owned by the Kraft Heinz Company, are seen for sale in Queens, New York, U.S., November 16, 2021.

The Kraft Heinz Company (KHC) beat analysts' estimates when it reported earnings Wednesday.

The Pittsburgh-based food company reported adjusted earnings of $0.63 a share, beating the $0.56 a share expected. It also reported sales rose $6.51 billion from $6.32 billion a year earlier. Analysts had expected $6.27 billion.

Heinz attributed rising prices and improved deliveries to retailers for the positive quarter.

"We delivered another quarter of strong results as we continue to successfully navigate a volatile environment," Miguel Patricio, the company's CEO said in a statement.

Grocery prices increased nearly 13% in September, according to the latest Labor Department data.

Shares of Heinz on Wednesday fell to $36.71, down $0.35, or 0.94% as of 1 pm ET.