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United States

Richa Naidu

Where's the fake beef? Not at Kraft Heinz, investors worry

Sep 12 2019

CHICAGO Investors are chewing out Kraft Heinz Co for failing to lay out a full strategy for how it plans to compete in the roughly $3 billion-a-year plant-based protein market.

Campbell profit beats as soup sales heat up, shares rise

Aug 30 2019

Campbell Soup Co on Friday reported better-than-expected fourth-quarter profit and margins as the food company sold more soups and snacks, tightened up its supply chain and cut costs, sending shares up more than 8%.

Kraft Heinz withdraws outlook after dismal results

Aug 08 2019

Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers. | Video

CORRECTED-Kraft Heinz withdraws outlook after dismal results

Aug 08 2019

Aug 8 Kraft Heinz Co reported weak sales on Thursday, prompting the maker of packaged foods to write down the value of several business units by more than $1 billion and drop its full-year forecast as it struggles to lure back customers. Shares fell to a record low as the Chicago-based company marked a 12th straight quarter of lackluster sales. Kraft Heinz, which counts billionaire Warren Buffett as its largest investor, has been battered by competition from private-label brands, changing consumer tastes and lower investment in its brands due to heavy cost-cutting under leaders installed by Brazilian private equity firm 3G Capital.

Free-spending consumers lift company profits, but Trump tariffs now loom

Aug 02 2019

CHICAGO U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

RPT-Free-spending consumers lift company profits, but Trump tariffs now loom

Aug 02 2019

CHICAGO, Aug 1 U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

Free-spending consumers lift company profits, but Trump tariffs now loom

Aug 01 2019

CHICAGO U.S. President Donald Trump's plan to slap new tariffs on Chinese imports comes on the heels of unexpectedly strong second-quarter results for automakers, consumer products companies and restaurant chains, boosted by spending on high-end products

P&G posts strong sales, takes $8 billion Gillette writedown

Jul 30 2019

Procter & Gamble Co's quarterly revenue and adjusted profit beat Wall Street expectations on Tuesday, sending shares to a record-high even as the world's No.1 personal goods company took an $8 billion charge on its Gillette shaving business.

RPT-FOCUS -As rural India develops taste for chocolate, a dominant Mondelez extends its reach

Jul 29 2019

* Growth in incomes, sharp tax cut propel India chocolate sales

As rural India develops taste for chocolate, a dominant Mondelez extends its reach

Jul 29 2019

CHICAGO/HAROHALLI, India Two years ago, Satish P., a bakery owner in the small village of Harohalli near Bengaluru, had his doubts about stocking Mondelez's Cadbury Silk bars. | Video

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