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

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Shares of Kraft Heinz Co. shed 0.9% toward a five-week low in premarket trading Wednesday, after the parent of Heinz ketchup, Jell-O and Cheez Whiz consumer...

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.

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