Kraft Heinz Raises Full-Year Sales Forecast, Says Turnaround Is on Track
Kraft Heinz raised its sales forecast for the year and said its turnaround plan is gaining traction. Third-quarter profit and revenue fell year over year but exceeded Wall Street expectations.
By Kelly CloonanKraft Heinz bumped up its sales forecast for the year and said its turnaround plan is gaining traction.The updated forecast came as the maker of Kraft Mac & Cheese reported lower third-quarter profit and revenue. Both metrics came in above Wall Street's expectations.The stock ticked…