As of January 20024 filings, Kraft Heinz Company (NASDAQ:KHC) was the 7th top holding by value of Warren Buffett’s Berkshire Hathaway (NYSE:BRK). Kraft-Heinz holdings were valued at $12.3 billion then.
Wednesday, the Kraft Heinz Company’s fourth-quarter 2023 sales of $6.86 billion fell 7.1% year-on-year (Y/Y), missing the consensus of $6.98 billion. Organic Net Sales decreased 0.7%.
Price increased 3.7 percentage points versus the prior year period, primarily driven by list price increases to mitigate higher input costs.
Volume/mix declined 4.4 percentage points versus the prior year period, primarily driven by elasticity impacts from …