supposed to be the quarter that Kraft Heinz showed America’s huge, struggling food companies a new model for success. A merger in 2015 had joined two of the world’s most iconic food makers. Backed byCapital, a private-equity firm, the new group slashed costs at a pace that made rivals shudder and investors swoon. After a failed bid in 2017 for Unilever, an Anglo-Dutch giant, Kraft Heinz set out to prove it could not just cut fat but boost sales on its own.
Meanwhile, the rise of e-commerce and European discount grocers has put pressure on food retailers, which are in turn squeezing food companies. Stores led by Walmart are using extensive data to launch their own, increasingly sophisticated, low-cost private label goods, all the while pushing companies to lower their prices.
Mr Buffett, for once, did not do his homework. When it comes to food these days, it's not who manages it, but what exactly is being managed. Modern food is not your father's Oldsmobile.
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Falling stocks, Kraft Heinz trigger huge Berkshire lossSinking stocks and deteriorating prospects from an investment in Kraft Heinz Co ... ooooops. Should have shorted it there Warren. Getting rusty in your old age. Я СКАЗАЛ НЕ НАДО НА МЕНЯ СМОТРЕТЬ МАШИНУ К ДОМУ ВЕЗИТЕ НАВЕРХ...Я В ХРАМЕ РЕШУ ЧТО С ВАМИ СО ВСЕМИ СДЕЛАТЬ... ТЫ-БЫ ЛУЧШЕ МНЕ ПРИСЛАЛ ДЕНЬГИ НА СИГАРЕТЫ И КОФЕ ЧЕМ ПЯЛИТЬСЯ НА МЕНЯ КАК НА ИКОНУ...)
Source: Reuters - 🏆 2. / 97 Read more »
Kraft Heinz downgraded multiple times after earnings announcement filled with bad newsA number of analysts have downgraded Kraft Heinz stock and slashed their price targets after the food company revealed an earnings miss and more. Still my favorite!
Source: MarketWatch - 🏆 3. / 97 Read more »
Kraft Heinz reportedly considers selling Maxwell House businessKraft Heinz Co. may sell its Maxwell House coffee business, CNBC reported Sunday, and has hired investment bank Credit Suisse to explore its options. CNBC reported a sale could be priced at $3 billion or more. Sources told CNBC that Maxwell House could be the first of several divestitures as the food giant looks to streamline itself. Kraft Heinz shares plunged 27% on Friday, their worst trading day ever, after reporting disappointing fourth-quarter earnings Thursday. Dumpster fire!! Best part of waking up... is not owning KraftBrand news Buffett Maxwell is awesome...if you're super lazy like me and just want to toss a spoonful of brown chunks into hot water and pretend it's coffee.
Source: MarketWatch - 🏆 3. / 97 Read more »