Shares of Kraft Heinz Co. took a hit Wednesday, after the food, condiment and beverage company topped fourth-quarter profit expectations but fell short on sales, as volume fell more than prices increased.
The company KHC, with brands including Heinz ketchup, Kraft macaroni and cheese, Jell-O and Kool-Aid, said sales for the quarter to Dec. 30 declined 7.1% from a year ago to $6.86 billion, below the FactSet consensus of $6.99 billion, as North America sales fell 9.1% while international sales edged up 0.2%.
That…
Master your money.
Subscribe to MarketWatch.
Get this article and all of MarketWatch.
Access from any device. Anywhere. Anytime.
Already a subscriber?
Log In
