◊ Kraft Heinz News Today – Stock Market News Today ◊ Kraft Heinz’s shares fell 13% to below $27. The stock is down 38% this year. Big food makers are under enormous pressure to improve their products and add new… Read More ›
Kraft Heinz Co
Kraft Heinz said it faced unexpectedly higher costs last year, and it has seen significant pressure on the value of its brands since its $49 billion merger in 2015. The writedown caused Kraft Heinz to swing to a fourth-quarter loss, marking a striking reversal after several years of radical cost-management efforts and higher profit margins that were seen as a model for the packaged-food industry.