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Kraft Heinz reports 2Q18 34% decrease in net income

Net sales were $6.7 billion, up 0.7 percent versus the year-ago period

The Kraft Heinz Company reported a 34 percent decrease in net income for the second quarter of the 2018 fiscal year, compared to the same period in 2017.The Company reported a net income of $756 million in its latest quarter that ended July 31, down $403 million when compared to the second quarter of the 2017 fiscal year, primarily due to non-cash impairment charges in the current period, versus non-cash...

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EFA News - European Food Agency