The problems Kraft Heinz Co. disclosed last month are shining a light on another concern: the company’s tailored financial metrics that help make its results look better.
Since the 2015 merger that created Kraft Heinz, the packaged-food company has reported adjusted operating earnings totaling more than $24 billion. But reported cash flow from operations under standard accounting rules for that same period was only about $6 billion.
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:
It is called CREATIVE ACCOUNTING!
U wot? Red sauce, brown sauce or no sauce at all. Stop fkn confusing things.
Tailored financial metrics usually end up going bad. Good luck WeWork.
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Kraft Heinz and its investors taste the food industry’s woesAmerica's food industry brands may be familiar, but that does not make them popular 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.
Source: TheEconomist - 🏆 6. / 92 Read more »
Stocks making the biggest moves midday: Kraft Heinz, Amazon, Bed Bath & Beyond & more
Source: CNBC - 🏆 12. / 72 Read more »
'We are super bullish on these brands': Kraft Heinz's global brand officer says he is unfazed by the company's recent $15 billion write-down of its Kraft and Oscar Mayer brandsKraft Heinz's US CMO Eduardo Luz told Business Insider that he is unfazed by the company's recent write-down of its Kraft and Oscar Mayer brands. KH Officer: Robert Kraft & The Oscars have had a rough few weeks; we'll all be on top again.. - 'We are super bullish on these brands': Kraft Heinz's global brand officer unfazed by the firm's recent $15 billion write-down of its Kraft & Oscar Mayer brands
Source: BusinessInsider - 🏆 729. / 51 Read more »