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Kraft Heinz Beats Adjusted Profit Expectations

Kraft HeinzLower costs led to a higher than expected adjusted profit for Kraft Heinz Co. with company shares reaching a record high on Wednesday. Expenses fell 21 percent in the fourth quarter with net income up to $944 million as compared to $645 million last year.

“Sales fell 3.8 percent to $6.86 billion, hit by a stronger dollar and lower demand in the United States, but topped the average analyst estimate of $6.74 billion.”

Read the full story at Business Insider.