The Kraft Heinz Co

KHC: XNYS (USA)
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Kraft Heinz Earnings: Rise in Brand Spending Proves Its Mettle; Coffee Sale Should Unlock More Focus

Kraft Heinz logged a 1.1% organic sales decline in the quarter, driven by lower volumes and unfavorable mix. Adjusted gross margin contracted 40 basis points to 31.9% as inflation outpaced cost savings. One Rock Capital Partners will buy Kraft's coffee arm for $650 million, or 0.8 times sales.

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