Sboll is Your Go-to Source for the Latest Finance News, Covering Markets, Banking, Investments, Economy and Stocks.
⎯ 《 Sboll • Com 》

Kraft Heinz misses third-quarter revenue estimates

2023-11-01 19:27
Kraft Heinz missed analysts' estimates for third-quarter sales on Wednesday, as the Jell-O maker's volumes took a hit
Kraft Heinz misses third-quarter revenue estimates

Kraft Heinz missed analysts' estimates for third-quarter sales on Wednesday, as the Jell-O maker's volumes took a hit from higher product prices of its packaged meals and condiments.

The Heinz ketchup maker's net sales rose to $6.57 billion for the quarter ended Sept. 30 from $6.51 billion a year earlier.

Analysts on average had expected $6.72 billion, according to LSEG data.

(Reporting by Savyata Mishra and Annett Mary Manoj; Editing by Devika Syamnath)