Why Kraft Heinz Stock Is Higher Today (Despite Missing Sales Estimates)
KHCKraft Heinz(KHC) The Motley Fool·2024-08-01 01:09

The market is starting to see that things are finally coming together for this long-beleaguered company.Shares of food giant Kraft Heinz (KHC 4.73%) are up 4.4% as of 11:17 a.m. ET today, according to numbers from S&P Global Market Intelligence, even though the organization's second-quarter revenue fell short of expectations. Investors are impressed with the company's profitability, and hopeful that it will continue to improve as a result of efficiency-oriented initiatives.Slowing sales is no problem for pr ...