Kraft Heinz, rebuffed in its bid to buy Unilever earlier this year, is struggling to reignite sales in the absence of a deal. First-quarter revenue dropped to $6.36 billion, the food giant said on Wednesday. That missed the $6.46 billion average of analysts' projections. Earnings also fell short...

Topics:  kraft heinz   unilever   deal   sales   billion   
BING NEWS:
  • Kraft Heinz cut at Piper Sandler on retail headwinds
    The firm adds that lunchables, a key brand in Kraft Heinz’s portfolio, has faced significant pressure. Since mid-April, U.S. measured retail sales for the brand have declined by an average of 15%.
    11/18/2024 - 11:36 pm | View Link
  • Kraft Heinz sales drop as inflation-battered consumers pull back on pricey packaged foods
    Kraft Heinz shares fell 3% on Wednesday after the company revealed its sales dropped in the most ... categories that continue to experience pressure,” Kraft Heinz CEO Carlos Abrams-Rivera ...
    10/30/2024 - 11:00 am | View Link
  • Kraft Heinz’s stock drops as sales volumes fall again, more than prices rise
    Shares of Kraft Heinz Co. were headed toward ... company extended its streak of sales misses, as volume and mix continued to decline amid continued pressure in the U.S. retail business.
    10/30/2024 - 8:20 am | View Link
  • Kraft Heinz trims 2024 forecasts on Lunchables drag, tepid demand
    Lunchables, in particular, has been the largest drag on sales, and Kraft Heinz may need to accelerate investments to turn this business around," said CFRA Research analyst Arun Sundaram.
    10/29/2024 - 1:01 pm | View Link
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