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Berkshire, Kraft Heinz

Reuters on MSN · 21h

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

Aug 2 (Reuters) - Warren Buffett's Berkshire Hathaway (BRKa.N) said on Saturday it took a $3.76 billion write-down on its stake in Kraft Heinz (KHC.O) during the second quarter, an acknowledgment the decade-old investment hasn't worked out.

CBS News on MSN · 1d

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 · 1d

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 ).

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 ...

2d

Kraft Heinz: Empty Bottle

Kraft Heinz struggles with declining sales, high debt, and weak growth. Learn why its high dividend may not outweigh risks.

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 ...

17h

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 MSN3d

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.

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.

4don 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 ...

2d

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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