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Tag: Kraft

Kraft Heinz factories are working three shifts a day to keep up with demand

Some Kraft Heinz factories are working three shifts a day to meet increased demand for its products as stockpiling for the coronavirus pandemic has left many grocery store shelves bare. “I have to say that our teams in our factories, in our distribution systems, are incredibly proud and understanding of the duty they have ahead of them,” …

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Kraft Heinz delays the announcement of long-term turnaround plan

Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz said Thursday it would be pushing back the unveiling of its turnaround plan from March to May. The announcement came as the company saw its sales decline in the fourth quarter, despite higher prices. Net sales fell 5.1% to $6.54 billion, missing Wall Street’s …

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Kraft Heinz (KHC) earnings Q3 2019 beat estimates

Kraft and Heinz products Scott Olson | Getty Images Kraft Heinz on Thursday reported quarterly earnings that topped analysts’ expectations, but sales continued to decline as executives formulate a turnaround plan. Shares of the company jumped 11.3% in morning trading. As of Wednesday’s close, shares were down by about 33% this year, giving the food …

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