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Berkshire, Kraft Heinz

Reuters on MSN · 13h

Berkshire takes $3.8 billion Kraft Heinz write-down, operating profit falls

Warren Buffett's Berkshire Hathaway said on Saturday it took a $3.76 billion write-down on its stake in Kraft Heinz during the second quarter, an acknowledgment the decade-old investment hasn't worked out.

CBS News on MSN · 21h

Profits at Warren Buffett's Berkshire Hathaway drop as it writes down its Kraft Heinz investment

Berkshire Hathaway's earnings can swing wildly from quarter to quarter because it has to record the current value of its massive investment portfolio.

Seeking Alpha on MSN · 22h

Berkshire Hathaway takes $3.8B Kraft Heinz impairment hit, Q2 operating profit drops 4%

Berkshire Hathaway ( NYSE: BRK.A ) ( NYSE: BRK.B) on Saturday posted a nearly 4% decline in quarterly operating profit, hurt by soft insurance underwriting earnings and a $3.8B hit to its stake in ketchup giant Kraft Heinz ( KHC ).

2d

The Kraft-Heinz Company: Second-Quarter Report Shows Earnings Have Stagnated

Kraft-Heinz's mature brands are saturated, limiting growth opportunities and making pricing power ineffective in driving ...

FoodNavigator2d

Kraft Heinz CEO responds to split rumours

Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...

8h

Buffett’s Berkshire hit with $4.9 billion Kraft Heinz charge

Berkshire marked down its carrying value of the Kraft Heinz stake to US$8.4 billion at the end of June. Read more at ...

GlobalData on MSN2d

Kraft Heinz’s sales decline nears top end of full-year negative guidance

CEO Carlos Abrams-Rivera remained tight-lipped on giving new perspective on the “strategic transactions” revealed in May.

Food Business News2d

Kraft Heinz suffers $9.3 billion non-cash impairment charge

PITTSBURGH — Citing a sustained decline in its stock price, the Kraft Heinz Co. took a $9.3 billion non-cash impairment ...

3don MSN

Kraft Heinz sauces boost quarterly results as home-cooking rises

Kraft Heinz beat estimates for quarterly results on Wednesday, helped by resilient demand for its pantry staples and ...

4don MSN

Kraft Heinz Swings to Loss on Impairment Charge, as Sales Fall Again

Kraft Heinz swung to a loss in the second quarter, hurt by a large impairment charge, as it posted another drop in sales.

16d

Kraft Heinz Evaluating Potential Spin-Off Of A Grocery Business

Post-separation, RemainCo will retain Kraft Heinz’s faster-growing and more consumer-aligned brands, focusing on ...

1d

Kraft Heinz delivers pizza mac and cheese | Hain Celestial expands wellness teas beyond bedtime

The food giant is offering consumers in three iconic pizza cities an early taste, while Progresso grills up BBQ-inspired ...

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