Kraft Heinz Reports Third Quarter 2016 Results

Net sales were $6.3 billion, down 1.5 percent versus pro forma net sales for the year-ago period, including a negative 0.5 percentage point impact from currency. Organic Net...

November 3, 2016

1 minute read

Net sales were $6.3 billion, down 1.5 percent versus pro forma net sales for the year-ago period, including a negative 0.5 percentage point impact from currency. Organic Net Sales decreased 1.0 percent versus the year-ago period. Pricing decreased 0.7 percentage points driven by key commodity deflation in the United States, primarily in meats and coffee, and coffee in Canada, as well as higher promotional expenses in Europe.

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