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KM Financial Solutions | CORRECTED-Kraft Heinz withdraws outlook after dismal results
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CORRECTED-Kraft Heinz withdraws outlook after dismal results

07 Aug CORRECTED-Kraft Heinz withdraws outlook after dismal results

Posted at 16:20h in News by
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Kraft Heinz Co reported weak sales
on Thursday, prompting the maker of packaged foods to write down
the value of several business units by more than $1 billion and
drop its full-year forecast as it struggles to lure back
customers.
Shares fell to a record low as the Chicago-based company
marked a 12th straight quarter of lackluster sales.
Kraft Heinz, which counts billionaire Warren Buffett as its
largest investor, has been battered by competition from
private-label brands, cha

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