The Kraft Heinz Co

KHC: XNYS (USA)
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Kraft Heinz Earnings: Merits of Stepped-Up Brand Spending Coming to Light; Shares a Bargain

Kraft Heinz's organic sales slipped 0.4% in the first quarter, better than its 4% fourth-quarter decline. Inflation, particularly around manufacturing and logistics, negated cost savings and higher prices, sending its adjusted gross margin down 30 basis points to 34.1%.

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