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Berkshire Hathaway earnings take $3.8bn hit from Kraft Heinz stake writedown
Berkshire said it had slashed the carrying value of its 27.4 per cent stake in Kraft Heinz to $8.4bn, from $13.5bn at the end of the first quarter, a roughly $5bn impairment. It noted the hit reduced its total earnings after taxes by $3.8bn, according to the quarterly statement.
With a low price-to-earnings multiple and a significant presence in Warren Buffett’s investment portfolio, The Kraft Heinz ...
Kraft Heinz struggles with declining sales, high debt, and weak growth. Learn why its high dividend may not outweigh risks.
Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...
PITTSBURGH — Citing a sustained decline in its stock price, the Kraft Heinz Co. took a $9.3 billion non-cash impairment ...
Kraft-Heinz's mature brands are saturated, limiting growth opportunities and making pricing power ineffective in driving ...
Kraft Heinz's potential spinoff of slower-growing brands such as Velveeta cheese is a risky last-ditch effort to boost ...
The food giant is offering consumers in three iconic pizza cities an early taste, while Progresso grills up BBQ-inspired ...
Kraft Heinz beat Q2 earnings and sales estimates but maintained a cautious full-year outlook with declining organic net sales ...
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