Kraft Heinz reports 2Q results for Kraft and Heinz, companies combined in July

MarketsAssociated Press

The Kraft Heinz Co. on Monday reported results for the March-June period for the two companies that combined in July, Kraft and Heinz.

Kraft had second-quarter profit of $551 million, or 92 cents per share. Revenue fell 4.9 percent to $4.52 billion.

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Heinz' sales declined 4.1 percent to $2.62 billion, due in part to the effect of the stronger dollar. It had a loss of $344 million, or 91 cents per share, after paying preferred dividends.

The Pittsburgh-based company makes Heinz ketchup, Oscar Mayer meats and Jell-O pudding. Heinz bought Kraft in July. Warren Buffett's Berkshire Hathaway and Brazilian investment firm 3G Capital control 51 percent of Kraft Heinz.

Kraft Heinz shares fell $1.31, or 1.7 percent, to $77.50 in after-hours trading.


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Keywords: Kraft Foods, Earnings Report