Kraft Heinz sees stronger earnings for the year thanks to higher prices

, has been raising product prices in recent months to offset heightened inflation caused by raw material and labor shortages due to the pandemic.

It has further benefited from steady at-home dining trends that emerged during the pandemic despite the reopening of dine-in restaurants and bars. The ketchup maker said it expects full-year adjusted earnings before interest, taxes, depreciation, and amortization to be over $6.2 billion, above its previous estimate of at least $6.1 billion.

Net sales in the third quarter fell to $6.32 billion for the Jell-O maker from $6.44 billion a year earlier. Analysts on average had expected sales of $6.05 billion, according to Refinitiv IBES. Excluding items, the packaged foods maker earned 65 cents per share, beating analysts' average estimate of 58 cents.

Inflation! I normally get wheat “ritz style” store brand HEB crackers for 2 boxes for 4$ now it’s 2 boxes for 5$. But I get higher wages, give me the wages. Wall Street is still record high.

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Asia stocks catch Wall St cheer but China caps gainsAsian stocks inched higher on Tuesday, as upbeat Wall Street earnings lifted the broader economic outlook though fresh worries about China's property sector hit Hong Kong and mainland markets.
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European markets set to climb, tracking global earnings optimism; UBS beatsEuropean stocks are set to edge higher on Tuesday, as positive corporate earnings offer a tailwind to global markets. thanks Money backs to the markets Now very few people invest in gold, people trade in bitcoin, then gold in Comex 1810 so high rate maximum rate 1450 to 1550 other reason gold 1810 plz tell me Everyone's investment in crypto trade above at least 65% NYSE uscurrency Nasdaq DGCX Investingcom
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