Despite Profit Improvement, Kraft Heinz Has Yet to Crack the Code on Sales Growth; Shares a Bit Rich
It’s no secret Kraft Heinz has proven deftly able to harness efficiencies, the fruits of which were again evident in the third quarter, with adjusted operating margins expanding 100 basis points to nearly 28%. However, our contention has been cost cuts are only a portion of the algorithm, and ultimately insufficient to reignite its top line, which ticked up just 0.3%, as a 50-basis-point increase in prices was offset by declining volumes and unfavorable mix. While this was a sequential improveme...Kraft Heinz is a food and beverage company. The company manufactures and markets food and beverage products, including condiments and sauces, cheese and dairy, meals, meats, refreshment beverages, coffee, and other grocery products throughout the world. The company has three reportable segments defined by geographic region: United States, Canada, and Europe, Middle East, and Africa. The company's remaining businesses are combined and disclosed as Rest of World. Rest of World comprises two operating segments: Latin America and Asia Pacific.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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