Kraft Heinz's cost efficiency efforts stand to bolster profits and support its competitive edge.
Top-line growth continues to prove elusive for narrow-moat Kraft Heinz, with organic sales ticking down 0.5% in the quarter as a more than 2% retreat in volume offset higher prices. The bigger headline remains the potential for margin expansion, which was again robust, with adjusted operating margins jumping 670 basis points to just under 29%.While we still expect Kraft Heinz will propel margin gains through workforce reductions, the rationalization of its North American manufacturing network,...
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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