The Kraft Heinz Co
KHC: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| dB | LOCK|tXS& | LOCK|GnvT@!$ |
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.
