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Kraft Heinz stock rallies after earnings beat expectations, as 15% jump in price offset volume decline

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Shares of Kraft Heinz Co. surged 1.8% in premarket trading Wednesday, after the food and beverage company, with brands including Oscar Meyer, Kool-Aid and...

Shares of Kraft Heinz Co. KHC surged 1.8% in premarket trading Wednesday, after the food and beverage company, with brands including Oscar Meyer, Kool-Aid and Velveeta, reported fourth-quarter results that topped expectations but provided a downbeat full-year outlook. The company swung to net income of $890 million, or 72 cents a share, in the fourth quarter, from a net loss of $257 million, or 21 cents a share, in the year-ago period.

8% in premarket trading Wednesday, after the food and beverage company, with brands including Oscar Meyer, Kool-Aid and Velveeta, reported fourth-quarter results that topped expectations but provided a downbeat full-year outlook. The company swung to net income of $890 million, or 72 cents a share, in the fourth quarter, from a net loss of $257 million, or 21 cents a share, in the year-ago period.

 

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Yup, but we are in the disinflation stage now 🤪

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