Kraft Heinz Sales Finally Grow, But Not Enough for Investors
- Revenue rises for first time since 2015 merger created company
- Even so, shares drop as weakness noted across product lines
Photographer: Daniel Acker/Bloomberg
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It’s going to take more than a little bit of sales growth to mollify Kraft Heinz Co. investors.
The shares declined in late trading, even after the maker of ketchup and Oscar Meyer hot dogs posted its first-ever sales increase. Underneath the revenue expansion, which still fell short of analysts’ expectations, was a weak performance across a swath of categories including nuts, cheese, meat and coffee.