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.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

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.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »