Kraft Heinz Earnings Preview: What to Watch
Kraft Heinz (NASDAQ: KHC) will report its third-quarter earnings on Wednesday, Nov. 1, after the market close. The stock is down 12% year to date following soft sales performance to start the year. Consumers are buying more fresh foods and less packaged foods, which has hurt demand for Kraft Heinz's products.
Will management's initiatives be enough to reignite sales growth? The earnings report will let us know how things are going. Here's what investors need to watch.
Consumers are buying less packaged foods, and that hasn't been good for Kraft Heinz. IMAGE SOURCE: GETTY IMAGES
Source: Fool.com
Kraft Heinz Co Stock
€32.10
0.340%
Our community is currently high on Kraft Heinz Co with 4 Buy predictions and 0 Sell predictions.
With a target price of 40 € there is a positive potential of 24.61% for Kraft Heinz Co compared to the current price of 32.1 €.
