The food company – which owns brands like Kraft Mac & Cheese, Heinz Tomato Ketchup, Lunchables, Capri Sun, Kool Aid and Jell-O – raised its prices by 1.2 percentage points during the quarter en…
Kraft Heinz shares fell 3% on Wednesday after the company revealed its sales dropped in the most recent quarter as stiff prices crushed demand for its supermarket staples.
“Many other companies in the market are growing on trend with the market roaring this year, so this doesn’t look too good or exciting to us at all,” Mahoney Asset Management CEO Ken Mahoney told The Post. The company revised its full-year financial guidance toward the lower end as consumers grow more cautious and cut back on non-necessities.
Corporate Earnings Heinz Inflation Kraft
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