Could Kraft Heinz Stock See More Downside after Its 1Q18 Results?
Kraft Heinz (KHC) reported mixed 1Q18 results on May 2. As expected, Kraft Heinz’s organic sales marked a YoY (year-over-year) decline, reflecting lower volumes due to the persistent challenges in Planters and Ore-Ida as well as with retail inventory reductions in Canada. Plus, its net sales fell short of analysts’ expectations. The company’s 1Q18 sales included benefits from a shift in the timing of Easter to 1Q18 from 2Q18.