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General Mills bets the power of flavor will save it from soggy demand—‘mac and cheese will be cheesier' and ‘brownies will be fudgier' [Yahoo! Finance]

The Kraft Heinz Company (KHC)  More Company Research Source: Yahoo! Finance
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
The company reported a larger-than-expected drop in quarterly net sales, down 6% to $4.7 billion, owing to falling demand for dog food and snacks. It also forecast annual profits below expectations. Shares fell as much as 7.8% on Wednesday following the earnings report. In addition to tweaking prices and increasing coupons to lure back shoppers, General Mills plans to invest in promotional activity—including bringing back the Pillsbury Doughboy —and improving the taste of its popular brands. “In tough economic times, consumers can't afford to waste, so they're looking for great-tasting products they know their family will eat,” CEO Jeff Harmening said in an earnings call on Wednesday. “Pillsbury biscuits will be flakier, Annie's mac and cheese will be cheesier, and Betty Crocker fudge brownies will be fudgier,” he added. Consumers, growing more protective of their wallets, have lately turned away from packaged goods, and food conglomerates across the board are struggling with m [Read more]
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Stockreport

General Mills bets the power of flavor will save it from soggy demand—‘mac and cheese will be cheesier' and ‘brownies will be fudgier' [Yahoo! Finance]

The Kraft Heinz Company  (KHC) 
More Company Research Source: Yahoo! Finance
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
The company reported a larger-than-expected drop in quarterly net sales, down 6% to $4.7 billion, owing to falling demand for dog food and snacks. It also forecast annual profits below expectations. Shares fell as much as 7.8% on Wednesday following the earnings report. In addition to tweaking prices and increasing coupons to lure back shoppers, General Mills plans to invest in promotional activity—including bringing back the Pillsbury Doughboy —and improving the taste of its popular brands. “In tough economic times, consumers can't afford to waste, so they're looking for great-tasting products they know their family will eat,” CEO Jeff Harmening said in an earnings call on Wednesday. “Pillsbury biscuits will be flakier, Annie's mac and cheese will be cheesier, and Betty Crocker fudge brownies will be fudgier,” he added. Consumers, growing more protective of their wallets, have lately turned away from packaged goods, and food conglomerates across the board are struggling with m [Read more]
IMPACT SNAPSHOT
EVENT TIME:
KHC
Last Price
Price Change
Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
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EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
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Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
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%
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%
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TICKS
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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