Kraft Heinz Raises Guidance as Third-Quarter Sales Fall 2%
Kraft Heinz reported net sales down 2.0% to $6.1 billion in the three months to September 26, or down 1.1% on an organic basis. Adjusted earnings per share fell; the supplied report does not include the amount.
Posting third-quarter numbers, the ketchup and baked beans maker - which also owns Jello, Kool-Aid, Capri Sun, HP Sauce and Philadelphia, among others - said net sales decreased by 2.0% in three months to 26 September to $6.1bn, or by 1.1% on an organic basis, while adjusted earnings per share fell…