Lower costs helped boost earnings, which came in at an adjusted $0.91 per share, ahead of the $0.87 that analysts were expecting, according to the Bloomberg consensus.
ADVERTISEMENT
The maker of Velveeta is sinking on a drop in sales (KHC)
The maker of Velveeta, Heinz ketchup and Macaroni and Cheese reported higher-than-expected adjusted profit helped by lower costs.
Kraft2
ADVERTISEMENT
US sales fell 3.1% to $4.84 billion, accounting for more than 70 percent of total sales.
FOLLOW BUSINESS INSIDER AFRICA
ADVERTISEMENT
Recommended articles
Nigerian government says no official demanded $150m bribe from Binance
Zimbabwe's goal to save billions spurs an aggressive crackdown on political criminals
10 countries with the least stressed workers in Africa
Uganda crowned best investment destination in Africa
Namibia becomes the first African country to significantly crack HIV
How crises from blackouts to pandemic drained $46 billion from South Africa
5 major African economies and their quality of life score
Indian billionaire Narendra Raval pushes to establish his business in Kenya