About as bad as it gets: Kraft Heinz posts huge loss, slashes dividend and reveals SEC investigation

By Jackie Wattles of CNN Business –

Kraft Heinz had one of the worst days imaginable Thursday.

The company wrote down the value of its Kraft and Oscar Mayer brands by $15 billion, posted a $12.6 billion loss, cut its dividend by 36% and announced its accounting practices are under investigation by the Securities and Exchange Commission.

Kraft Heinz (KHC) stock plunged as much as 20% in after-hours trading. Customers weren’t the problem: Sales were up about 1% in the fourth quarter. Instead…

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About Radnor Reports

Ken Feltman is past-president of the International Association of Political Consultants and the American League of Lobbyists. He is retired chairman of Radnor Inc., an international political consulting and government relations firm in Washington, D.C. Known as a coalition builder, he has participated in election campaigns and legislative efforts in the United States and several other countries.
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