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-0.000351864883884643 -0.00140745953553832 -0.00175932441942297 0.000351864883884518 0.00527797325826877 0.00527797325826877 0.00598170302603794 0.00387051372273045
Stock impact report

Is Kraft Heinz Stock a Buy? [The Motley Fool]

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
Company Research Source: The Motley Fool
Earlier this year the future looked bleak forKraft Heinz(NASDAQ:KHCKraft's high debt levels and constrained cash flows also didn't leave much room for the company's new CEO, Miguel Patricio, to launch aggressive turnaround efforts. The outlook was so dim that G Capital, the company's second-largest shareholder, dumped million sharesImage source: Getty Images.But as the COVID-9 pandemic spread across the U.S., consumers stocked up on packaged foods and lit a fire under Kraft's core business. In early April, Kraft estimated its Q organic sales would rise about 6%, marking its first quarter of organic growth in five quarters. It expects its total sales to grow %, as the strength of its packaged foods segment offsets the "significant declines" in its food service business.Kraft expects higher expenses to prevent itsadjusted EBITDAReviewing Kraft Heinz's biggest problemsAfter Kraft merged with Heinz in 0, its management focused heavily on cutting costs instead of buying new brands or launc Show less Read more
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