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KHC - Armanino Foods: Celebrate Economic Reopenings With Italian Cuisine
March, 31 2021 06:00 AM
The Kraft Heinz Company
Armanino Foods supplies Italian herbs, pestos and packaged foods to restaurants and other food manufacturers. Dine-in restaurant closures, especially in California, dropped total sales 25% in 2020. The company is an economic reopening play, with a conservative balance sheet and high profit margins. Technical momentum patterns are resolutely bullish in March. For further details see:
Armanino Foods: Celebrate Economic Reopenings With Italian Cuisine
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