July 31, 2019 / 1:07 PM / 4 months ago

Kraft Heinz to report half-yearly results on Aug. 8

FILE PHOTO: Bottles of salad dressing, made by food conglomerate Kraft Heinz, are seen on a supermarket shelf in Seattle, Washington, U.S., February 10, 2017. REUTERS/Chris Helgren/File Photo

(Reuters) - Kraft Heinz Co (KHC.O) said on Wednesday it would report results for the first six months of the year on Aug. 8, its first financial statement since disclosing a more than $15 billion writedown on its iconic Kraft and Oscar Mayer brands.

Since the writedown in February, Kraft Heinz has appointed a new chief executive officer and restated its earnings for nearly three years following a regulatory investigation into lapses in its procurement practices.

The packaged food company said it was now required to provide first-quarter financial statements on or before Aug. 13. The company had previously said it would file its quarterly report for the quarter ended March 30 on or before July 31.(bit.ly/318n6IN)

Kraft’s shares were marginally up in premarket trading. The stock has fallen 34% since Feb. 21, when the company disclosed the writedown and the SEC investigation.

Reporting by Aishwarya Venugopal in Bengaluru; Editing by Saumyadeb Chakrabarty

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below