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0.00123470196225108 0.000430335863064713 0.00264234263582726 0.00565871550777631 0.00264234263582726 0.00706635618135249 0.00787072228053885 0.00425107483420013
Stock impact report

Kraft Heinz pauses plans to split into 2 companies as it faces consumer headwinds, pricing challenges [Yahoo! Finance Canada]

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
Kraft Heinz ( KHC ) announced on Tuesday that it would pause plans to break the company into two separate entities, with new CEO Steve Cahillane saying that its "challenges are fixable and within our control." Kraft Heinz, which was set to spin off its meal business and grocery businesses into new companies called Global Taste Elevation and North American Grocery, respectively, now plans to invest $600 million across marketing, sales, research and development, and pricing. "We are confident in the opportunity ahead and believe this investment will accelerate our return to profitable growth," said Cahillane, who became CEO on Jan. 1. Cahillane previously led Kellanova, which successfully split from the Kellogg Company in 2023. Stifel analyst Matthew Smith said the pause was, in a word, a "negative" for the company. After falling as much as 6% in premarket trade following the news, Kraft Heinz stock was up about 1% in morning trading on Wednesday. The Kraft Heinz Company (K Show less Read more
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