UPDATE 2-Kraft Heinz books more than $1 bln in charges, first-half profit slumps [Reuters (UK)]
The Kraft Heinz Company (KHC)
Last the kraft heinz company earnings: 4/30 07:05 am
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Source: Reuters
Kraft Heinz books more than $1 billion in charges, first-half profit slumps - Reuters 2 Min Read (Reuters) - Kraft Heinz Co’s ( KHC.O ) net income halved in the first six months the year as the packaged food maker disclosed well over $1 billion in charges and writedowns in results delayed by an investigation into its procurement practices. The company wrote down the value of some of its units, including its U.S. refrigerated business, by about $744 million. It also booked an impairment charge of $474 million in the second quarter to write down the value of six brands, including Velveeta and Cool Whip. Kraft Heinz’s earnings report was delayed as it restated financial reports for a near three-year period after an internal investigation into lapses in procurement practices by some of its employees. The company’s shares fell 6% in premarket trading on Thursday. The stock has lost a third of its value since Feb. 21, when the company posted a surprise quarterly loss, disclosed an SEC inv
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KHC
News
- Kraft Heinz must face Mac & Cheese lawsuit, judge rules [Yahoo! Finance Canada]Yahoo! Finance Canada
- Kraft Heinz must face Mac & Cheese lawsuit, judge rules [Yahoo! Finance]Yahoo! Finance
- Significant Shifts in Prem Watsa's Portfolio Highlighted by Vanguard S&P 500 ETF Sale [Yahoo! Finance]Yahoo! Finance
- Kraft Heinz removes Lunchables from National School Lunch Program [FOX Business Network]FOX Business Network
- Lunchables get early dismissal: Kraft Heinz pulls the iconic snack from school lunches [USA TODAY]USA TODAY
KHC
Earnings
- 10/30/24 - Beat
KHC
Sec Filings
- 11/7/24 - Form 4
- 11/5/24 - Form 144
- 11/1/24 - Form 3
- KHC's page on the SEC website