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Kraft Heinz Reported 1H2019 results indicating more than $1.2 billion in impairment charges

CEO Miguel Patricio says level of decline not acceptable

The Kraft Heinz Company reported preliminary financial results for the first half of 2019 that reflected lower net sales despite improving consumer takeaway trends in key markets, as well as the adverse impacts of ongoing cost inflation, greater investments, and higher depreciation and amortization expenses.“The level of decline we experienced in the first half of this year is nothing we should find a...

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EFA News - European Food Agency
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