03-11-2016 21:37 via news.yahoo.com

Kraft Heinz sales fall 1.5 percent

(Reuters) - Kraft Heinz Co , the maker of Velveeta cheese, Heinz ketchup and Oscar Mayer meats, reported a 1.5 percent fall in quarterly adjusted sales, hit by a stronger dollar and pricing pressure in Europe. Shares of the company, formed after the merger of Kraft Foods Group with H.J. Heinz Co in July last year, fell 1.3 percent in extended trading on Thursday. Net income attributable to shareholders was $842 million, or 69 cents per share, in the third quarter ended Oct. 2. Kraft Heinz report
Read more »