Article Date 30/07/2020

Kraft Heinz takes $3 billion writedown, signals weaker second-half earnings growth

Source Reuters

CHICAGO (Reuters) - Kraft Heinz Co (KHC.O) on Thursday said second-half core earnings growth would be weaker-than-expected and took a nearly $3 billion charge on the value of several businesses, highlighting uncertainty in the food industry due to the novel coronavirus.

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