Kraft Heinz is crafting a new strategy under fresh management, but the company may still be a long way from recovery, explains AaronBack. WSJWhatsNow
Investors are celebrating signs of stabilization at Kraft Heinz, as well as fresh thinking from its new leadership. But the company is still a long way from recovering from past mismanagement.
Kraft Heinz said Thursday that organic sales, which strip out currency movements and portfolio changes, fell 1.1% from a year earlier in the third quarter. That was a slight improvement compared with the 1.5% decline seen in the first half. Adjusted earnings before interest, taxes, depreciation and amortization, the company’s preferred...
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