Bottles of Heinz tomato sauce made by US food company Kraft Heinz. Picture: REUTERS/ARND WIEGMANN
Higher employee bonuses, foreign exchange fluctuations and climbing commodity costs — particularly the price of cheese — are expected to soften second-half results, Kraft Heinz said. , which provide tomato sauce, mayonnaise and other products to restaurants, offices and school cafeterias. These units were included in a nearly $1.8bn writedown taken during the quarter.
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