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Berkshire Hathaway earnings take $3.8bn hit from Kraft Heinz stake writedown
Berkshire said it had slashed the carrying value of its 27.4 per cent stake in Kraft Heinz to $8.4bn, from $13.5bn at the end of the first quarter, a roughly $5bn impairment. It noted the hit reduced its total earnings after taxes by $3.8bn, according to the quarterly statement.
Kraft Heinz is underperforming peers, had two Berkshire-appointed board members resign in May, and is reportedly weighing ...
Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...
Kraft Heinz struggles with declining sales, high debt, and weak growth. Learn why its high dividend may not outweigh risks.
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 ...
Kraft Heinz's potential spinoff of slower-growing brands such as Velveeta cheese is a risky last-ditch effort to boost ...
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Kraft Heinz’s sales decline nears top end of full-year negative guidanceCEO Carlos Abrams-Rivera remained tight-lipped on giving new perspective on the “strategic transactions” revealed in May.
The food giant is offering consumers in three iconic pizza cities an early taste, while Progresso grills up BBQ-inspired ...
Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry staples and ...
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