KHC stock opened at a record low of $26.12 on Thursday morning, August 8 following the release of the Kraft Heinz Co. (NASDAQ:KHC) Q2 results.
KHC stock has been floundering since February, when news of an SEC investigation into the company’s accounting practices broke, as well as weak profit numbers and a $15.4 billion USD write-down. It marks a tumultuous start for the company’s new CEO, Miguel Patricio, who assumed office just five weeks ago.
Delayed ResultsThe release of the company’s second-quarter results had long been delayed as a result of the SEC’s ...
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