Kraft Heinz posts quarterly net sales slightly below estimates By Investing.com
Update: 2025-10-29
Description
Kraft Heinz announces plans to split into two companies, focusing on groceries and sauces/spreads, amidst a challenging business environment and slowing sales. The move, expected to be completed in 2026, aims to improve efficiency and prioritization, but faces skepticism from major investors like Warren Buffett. Despite beating adjusted profit expectations, Kraft Heinz's shares dropped following the announcement of Q3 earnings, which showed a 2.3% net sales decline due to higher prices and reduced consumer spending.
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