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Kraft Heinz suffers $9.3 billion non-cash impairment charge
PITTSBURGH — Citing a sustained decline in its stock price, the Kraft Heinz Co. took a $9.3 billion non-cash impairment charge during the second quarter of fiscal 2025. The financial maneuver came as the company continues to struggle to return to growth in North America, its largest market.
Kraft Heinz CEO responds to split rumours
Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products from the core business. The move, one of the biggest grocery deals ever, would leave Kraft Heinz focused on sauces and condiments.
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The Kraft Heinz Co (KHC) reports strong emerging market performance and strategic investments, despite facing impairment ...
Kraft Heinz Co.’s stock rose Wednesday despite a massive charge booked by the packaged-food giant for the losses in its stock ...
Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry staples and ...
It smells like pizza, but it's boxed macaroni and cheese. Kraft's new limited-edition flavor is here and can be delivered ...
With Kraft Heinz Co. reportedly considering a breakup of its business, some analysts believe more of its food-industry peers should do the same.
Kraft Heinz's potential spinoff of slower-growing brands such as Velveeta cheese is a risky last-ditch effort to boost ...
Q2 2025 Management View CEO Carlos A. Abrams-Rivera opened the call by stating, "I'm pleased to report that our second ...
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