Kraft Heinz stock falls after revenue misses, as price increases offset by volume decline, market share pressure

Shares of Kraft Heinz Co. KHC shed 0.9% toward a five-week low in premarket trading Wednesday, after the parent of Heinz ketchup, Jell-O and Cheez Whiz consumer foods reported second-quarter sales that came up short of expectations, as an 11% jump in pricing wasn’t enough to offset a 7% drop in volume and mix and market share pressure. Net income rose to $1.00 billion, or 81 cents a share, from $265 million, or 21 cents a share, in the year-ago period.

9% toward a five-week low in premarket trading Wednesday, after the parent of Heinz ketchup, Jell-O and Cheez Whiz consumer foods reported second-quarter sales that came up short of expectations, as an 11% jump in pricing wasn’t enough to offset a 7% drop in volume and mix and market share pressure. Net income rose to $1.00 billion, or 81 cents a share, from $265 million, or 21 cents a share, in the year-ago period.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

MarketWatch /  🏆 3. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

AMD shares rise as chipmaker tops expectations, Starbucks shares fall and other stocks on the moveAMD, Match Group, Starbucks and Electronic Arts are on the move.
Read more »