Kraft Heinz: Absolutely Stuck
Kraft Heinz(KHC) Seeking Alpha·2024-09-16 16:47
I t n t 115 1000 I I TE JHVEPhoto In the summer of last year, I believed that inflation was aiding Kraft Heinz (NASDAQ:KHC) with their reported revenues, yet negative volume trends were concerning. Amidst these trends, the outlook for 2023 was uncertain, yet the elevated pace of divestments was a thing of the past, with leverage rapidly under control. While the company returned to growth, this was entirely driven by pricing and inflation, with underlying volume trends being concerning. Over the past year, K ...