Kraft Heinz shares tank 20 percent after SEC probe and $15 billion write-down

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Shares in Kraft Heinz are expected to plunge when markets open Friday, after the consumer goods company said it was being investigated by U.S. regulators and it reported a massive loss.

 

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Pittsburgh is having a rough year. LeVeon Bell, then AB, and now Ketchup too? Stay sharp Primanti Bros. They coming for you next.

newclyde2 I buy Hunts only because of John Kerry

Don't worry, folks. If investors are anything like Trump supporters, Kraft Heinz support will never fall below 35%, no matter what the feds turn up.

This is why I buy Whataburger ketchup.

We told them claiming 57 varieties would catchup to them sooner or later. neverlisten.

Okay, serious stuff here. They are not allowed to crumble. We gotta make this work. My whole day is ruined now. It's the only ketchup that is allowed onto my home.

There goes John Kerry' free ride. His wife owns him And Heinz.

They need to make a healthy food product, one that does not require medical intervention if consumed! It is FoodThatIsNotFood !

Another failed merger. Heinz should never been bought & it was doing great without Kraft. I had to tender my share without any choice.

I don’t care I’ll always be a Heinz fan. Hunts is too sweet, Heinz got the right amount of acidity, tanginess and sweetness.

Kraft Heinz's retail prices are too high. Their quality has decreased over the years and the competition is cleaning their clock.

Everything Trump touches, dies. Heinz

Sad, it’s the best one out there. Family staple of ours my entire life! We never were a Hunts family. 🤮 I started buying the Heinz No Salt ketchup recently for heath reasons and that’s just as tasty! Heinz will bounce back!!! HeinzKetchup_US

PatrickMahomes made the right choice going with Hunts 😬

man that sucks, i like heinz

Warren will not be happy !

as soon as it bottoms out ... buy ... the gov will bail them out worst case scenario

I knew Big Ketchup was up to no good.

Well that's got to be a kick in the sack to John Kerry.

Too bad for John Kerry!

But then they tried Hunts and the stock for Heinz went back up.

What did they do? I don’t think I wanna know..

They should be run out of all countries for what they did to tomatoes.

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Kraft Heinz forecasts gloomy 2019, writes down value of iconic brandsShares of Kraft Heinz Co slumped 20 percent on Thursday after the food company p... I only use Whataburger ketchup now.. dont forget the cheese but it is expensive on the defensive typing down extensive rhymes to pass the time please dont tell me your on the wine dont know my sign dont know what to eat but onion soup puts me to sleep God was 1000 years ago i keep laying low not much to show got my What? I live on ketchup sandwiches
Source: Reuters - 🏆 2. / 97 Read more »

Kraft Heinz earnings reveal SEC investigation and massive write-offs, stock plunges
Source: MarketWatch - 🏆 3. / 97 Read more »

Kraft Heinz Discloses SEC Probe, Misses Earnings ForecastsSecurities regulators are investigating Kraft Heinz over its procurement practices, the company disclosed as it reported a loss from a significant write-down in the value of some of its best-known brands. Bye bye Heinz, people want real tomatoes... This is not a good sign for the economy Could you share more details on which brands were written down, how those intangible assets valuations were
Source: WSJ - 🏆 98. / 63 Read more »

Kraft Heinz loses a lot of cheese as earnings send stock plunging toward record lowKraft Heinz Inc. shares headed toward record lows in after-hours trading Thursday, after the giant food conglomerate delivered bad news with no condiments to sweeten it. PatrickMahomes where u at in their moment of need What Good lawd. IMHO, Their food sucks anyway.
Source: MarketWatch - 🏆 3. / 97 Read more »

Kraft Heinz is desperate for a fresh varietyAn earnings miss, a $15 bln writedown and an SEC subpoena sent the ketchup maker’s stock plunging over 20 pct after hours Thursday. It’s a sign CEO Bernardo Hees’s cost-cutting strategy has hit a dead end. Owners 3G and Berkshire Hathaway need to find a new recipe for growth. Reuters alpgomez How about Brexit Ketchup? A plastic bottle with nothing in it. Reuters alpgomez Blimey I will have to try some of these xx Reuters alpgomez Is that why John Kerry looks long faced?
Source: Breakingviews - 🏆 470. / 51 Read more »

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