Kraft Heinz’s Financial Crisis Deepens | Business and Finance News

Kraft Heinz is in deep financial trouble, saddled with a $7.4 billion impairment charge and a 43% stock plunge since its 2015 merger — investors have barely broken even, while the S&P 500 soared. Sales are falling, consumers are resisting price hikes, and new CEO Steve Cahillane’s marketing bets haven’t sparked growth. With a projected full-year sales drop and a dividend that’s hard to justify amid past cuts, the company’s high yield may be masking a dangerous value trap. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/74f71b787821ca32