Kraft Heinz shelves split plans after missing growth expectations, CEO Cahillane says challenges ‘within our control’
Kraft Heinz paused its split plans, sending shares down 6%. CEO Cahillane plans to enhance profitability through a $600 million investment in marketing and R&D. The company aims to address declining sales and competition from cheaper alternatives.
Kraft Heinz paused its split plans, sending shares down 6%. CEO Cahillane plans to enhance profitability through a $600 million investment in marketing and R&D. The company aims to address declining sales and competition from cheaper alternatives.
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