The Kraft Heinz Co
KHC: XNAS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| wRk | LOCK|%<<q! | LOCK|Q@T?Tr$ |
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%.
