Kraft Heinz Beats Quarterly Revenue Estimates on Steady US Demand
Kraft Heinz posted better-than-expected net sales and profit for the second quarter on Wednesday, helped by resilient demand for its pantry staples and condiments in the United States as consumers tried to stretch their household budgets.
A mix of sticky inflation and heightened economic uncertainty has forced people to cook more affordable meals at home instead of eating out, helping demand for some of Kraft Heinz's products.
The company also reiterated it was evaluating strategic transactions for some brands...
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