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The Kraft Heinz Company stock price
The Kraft Heinz Company latest news:
Oprah Winfrey joins Kraft Heinz in new supermarket food venture
O, That's Good soups and side dishes hit store shelves in the next few weeks.
Kraft Heinz posts 50.5% rise in quarterly profit
Kraft Heinz Co reported a 50.5 percent rise in quarterly profit on Thursday, as the company managed to wring out more costs and demand rose for its sauces and condiment products.
Kraft Heinz shares 0.3% lower after earnings beat, revenue miss
Shares of Kraft Heinz Co. declined 0.3% late Thursday after the food giant reported adjusted earnings above expectations but missed sales forecasts. Kraft Heinz earned $1.16 billion, or 94 cents a share, in the quarter, compared with $770 million, or 63 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 98 cents a share in the quarter, from 85 cents a share a year ago. Revenue fell to $6.68 billion in the quarter, from $6.79 billion a year ago. Analysts polled by FactSet had expected adjusted earnings of 95 cents a share on sales of $6.73 billion. In a separate statement, Kraft Heinz said that its board of directors approved an increase in the company's quarterly dividend to 62.5 cents a share. This represents an increase of about 4.2% versus the prior quarterly dividend rate of 60 cents a share. The dividend is payable on Sept. 15 to shareholders of record as of Aug. 18. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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