
The Kraft Heinz Company
| 08.08.2019, 17:44 (Dieser Beitrag wurde zuletzt bearbeitet: 08.08.2019, 17:51 von Terry Teflon.)The Kraft Heinz Company
Why Kraft Heinz Stock Crashed 14% This Morning
What happened
Shares of packaged foods giant Kraft Heinz (NASDAQ: KHC) are in free fall, down 13.7% as of 9:55 a.m.
EDT after management reported first-half 2019 financial results this morning.
For fiscal H1, Kraft reported a 5% decline in sales to $12.4 billion and a much steeper 24% decline in earnings
per share -- $1.44. Management noted that "promotional timing" and lower prices charged on its products
hurt both sales and revenues in the period.