Recession; Kraft Heinz put on notice by S&P, Food Sales and Stock Plunge, Accounting Errors

Recession; Kraft Heinz put on notice by S&P, Food Sales and Stock Plunge, Accounting Errors

Sir Mark Frederick McKinney

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S&P said results for the maker of Kraft Macaroni & Cheese and Heinz ketchup have been weaker than it expected, and the company needs to cut debt relative to a measure of earnings. The credit grader said it is worried about the risks Kraft Heinz could face in the second half of 2019, including higher commodity costs and lower stocking at retailers. Mary Greeley News777 YouTube Twitter - https://twitter.com/Lucky_finds Patreon https://www.patreon.com/user?u=3969921 PayPal paypal.me/pools/c/8dCmaFFkko

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