Kraft Heinz reined in costs and increased prices — and it worked
31 October 2019 - 15:10
Bengaluru/Chicago — Kraft Heinz beat analyst expectations for third-quarter profit on Thursday as the packaged food company reined in costs and increased prices in the face of slowing demand for some of its key brands.
Shares in the Chicago-based maker of Heinz ketchup and Velveeta cheese were indicated up about 7% at $30.45 in pre-market trading...
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