The Rising Influence of Rising Affluence

[DewDiligence]

Heinz used to be a great company—KHC not so much:

https://www.wsj.com/articles/kraft-heinz-cuts-prices-denting-profit-1541106297

A sharp decline in Kraft Heinz Co.’ profit showed that the food maker is struggling to grow sales without hurting margins, sending shares down 7% after hours.

Chief Executive Bernardo Hees said spending on hiring, marketing and new products weighed on its third-quarter results. Kraft Heinz’s preferred measure of profitability fell 14.4% to $1.6 billion.