Kraft Heinz Fined $62M for Accounting Fraud
The SEC says the company's procurement division improperly recorded nearly 300 transactions to deliver unrealistic cost savings and inflate profits.
Is It Time to Reevaluate the Wisdom of Brand Writedowns?
Accounting rules for intangible assets may cloud CFOs' appreciation of the long-term damage that writing down the value of brands may cause.
Kraft Heinz Brings Back its Former CFO
Paulo Basilio will return to his role as the company's finance chief while current CFO David Knopf will return to 3G Capital.
S&P Cuts Kraft Heinz Rating to Near Junk Grade
The rating agency believes Kraft Heinz "will be unable to meaningfully grow adjusted EBITDA" amid "significant" competition from other manufacturers.
Kraft Heinz to Restate Results for Nearly 3 Years
The company says employee misconduct resulted in the cost of products sold being understated by $181 million.
Kraft Heinz Names Marketing Expert as CEO
The packaged-foods giant appears to be pivoting toward growth rather than cost cutting in replacing Bernardo Hees with Miguel Patricio.
Kraft Heinz Discloses SEC Probe, Shares Tank
The company's Q4 report contained other bad news, including a $15.4 billion goodwill impairment charge and an earnings miss.
With Stocks Up, Finance Chiefs Are On the Move
A recruiting firm's latest annual report on the career movements of C-suite executives is a treasure trove of interesting tidbits.
Kraft Heinz Protects Profit With Price Hikes
The company offset rising input costs in Q2 by raising prices of its packaged foods and condiments by 1.3 percentage points.
Kraft Heinz Sales Fall for 8th Quarter in a Row
The company's profits were boosted by higher pricing but analysts are skeptical it can increase sales as consumers shy away from processed foods.
Kraft Heinz U.S. Sales Drop Hits Q4 Earnings
“There's no question that our financial performance in 2017 did not reflect our progress or potential,” CEO Bernardo Hees says.