Earnings

Kraft Heinz (KHC) Q4 2022 earnings

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Heinz brand tomato ketchup arranged in the Brooklyn borough of New York, US, on Friday, July 22, 2022. Kraft Heinz Co. is scheduled to release earnings figures on July 27.

Gabby Jones | Bloomberg | Getty Images

Kraft Heinz on Wednesday beat Wall Street’s earnings and sales expectations, but offered soft profit guidance for the year, a sign of rising pressure from higher costs.

The company also announced Wednesday on its earnings it would pause further price hikes in North America, Europe, Latin America and most of Asia after PepsiCo did the same last week.

Shares of the Pittsburgh-based company, whose brands include Oscar Meyer, Philadelphia Cream Cheese and Lunchables, were little changed…



Source cnbc.com

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