Kraft Heinz Discloses SEC Probe, Misses Earnings Forecasts

Get the Full StoryKraft Heinz on Thursday wrote down the value of its Kraft and Oscar Mayer brands by 15.4 billion, disclosed an investigation by federal securities regulators and slashed its dividend, sending its shares plunging after hours.

Share:

More in Business...

Lyft forecasts strong quarterly earnings driven by ride-hailing demand and new features

Tinder continues to weigh down Match Group s dating empire

Reddit kicks off its first-ever earnings call in a very Reddit way, answering questions from users

Nintendo confirms a new console is on the way but what big title will launch with it?

Reddit shares soar nearly 20 on first earnings report, boosting hopes of becoming the next Facebook stock