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Kraft Heinz cuts output at three plants, adds shifts for mac & cheese [Yahoo! Finance News]

The Kraft Heinz Company (KHC) 
Last the kraft heinz company earnings: 4/30 07:05 am Check Earnings Report
US:NASDAQ Investor Relations: ir.kraftheinzcompany.com/overview
Shareholders shop for discounted products at the Kraft Heinz booth at the annual Berkshire Hathaway shareholder meeting in OmahaBy Carolina MandlSAO PAULO ) - Kraft Heinz Co said on Friday it has moved to significantly reduce production at three plants providing restaurant supplies amid the new coronavirus outbreak, but its CEO noted the company has added shifts at others to meet demand for packaged foods like macaroni and cheese.Speaking in a video presentation hosted by Brazilian retail brokerage XP Inc , Miguel Patricio said the affected factories, two in the United States and one in the United Kingdom, are in the food service segment and saw demand drop due to the pandemic, mainly in Europe.In a statement sent after the video, in which Patricio said the plants had been halted, Kraft said, "These facilities have significantly reduced production."Patricio, who took over as Kraft Heinz's CEO last year, said its packaged food units are working in three shifts to meet high demand, esp Show less Read more
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