NASDAQ:KHC - Nasdaq - US5007541064 - Common Stock - Currency: USD
Stay informed about the performance of the S&P500 index one hour before the close of the markets on Friday. Uncover the top gainers and losers in today's session for valuable insights.
Stay informed about the performance of the S&P500 index in the middle of the day on Wednesday. Uncover the top gainers and losers in today's session for valuable insights.
Global packaged food group Kraft Heinz is working with investment bank Houlihan Lokey to sell its Italy-based infant food product brand Plasmon, two sources close to the matter said on Tuesday. Kraft Heinz tried to sell the Italian business back in 2019 but eventually decided to keep it. Asked for a comment, a Kraft Heinz spokesperson said the group does not comment on market speculation or rumours.
BofA Securities analyst Peter T. Galbo has downgraded Kraft Heinz from Buy to Underperform, lowering the price target from $36 to $30. This comes after disappointing fourth-quarter results and an underwhelming FY25 outlook, signaling limited organic sales growth for KHC in the coming year.
Kraft Heinz’ Q4 earnings per share of $0.84 exceeded consensus estimates of $0.78
Kraft Heinz shares fell Wednesday as the food giant reported fourth-quarter sales and issued 2025 guidance that missed analysts' estimates.
Shares of packaged foods company Kraft Heinz (NASDAQ:KHC) fell 6.5% in the pre-market session after the company reported weak fourth-quarter results: Sales and EBITDA (a profit measure) fell short of Wall Street's estimates. The weak sales performance was influenced by shifting consumer behavior and economic uncertainty, particularly in the U.S. Away From Home segment. On the other hand, Kraft Heinz beat analysts' EPS expectations this quarter. Overall, this quarter could have been better.
These are the stocks posting the largest moves in midday trading.
U.S. equities dropped at midday when the January report on consumer prices showed inflation rose more than had been expected.
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Kraft Heinz (KHC) offered a downbeat full-year earnings outlook on Wednesday as the food and beverag
KHC's Q4 adjusted earnings of 84 cents per share increase 7.7% year over year, whereas net sales decline 4.1%.
Kraft Heinz Co. said it will discount key items in the coming year while improving products and boosting marketing in order to compete for inflation-weary customers.
Stocks sold off Wednesday after the January consumer price index.
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