Consumer Staples Feel Squeeze From Kraft Heinz Slump

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anomalous howard
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Consumer Staples Feel Squeeze From Kraft Heinz Slump

#1 Post by anomalous howard » Fri Nov 02, 2018 5:51 pm

Kraft Heinz fell about 9% after it posted mixed quarterly results showing a miss on earnings, but a beat on revenue, as margins were squeezed by rising costs and lower prices.

The earnings miss prompted a wave of bearish calls from analysts, who questioned how quickly the company can turn its fortunes around at a time when others in the food sector are also feeling the heat from rising costs.

https://www.investing.com/news/stock-ma ... mp-1672370

https://tinyurl.com/yddb9pcx

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iceagefarmer
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Re: Consumer Staples Feel Squeeze From Kraft Heinz Slump

#2 Post by iceagefarmer » Mon Nov 05, 2018 4:18 pm

Thanks for this, included it in the latest!

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