Kraft Heinz, known for its ketchup and mac and cheese, reported third-quarter sales 6.3 percent higher than a year earlier, while cereal giant Kellogg saw sales climb 4.5 percent for the period.
The two companies have raised their profit outlook for 2020.
The move signals a reversal of fortune for Heinz, which is owned in part by Berkshire Hathaway and 3G Capital, a private equity firm.
The company has taken several write-downs as sales dove for some of its products, such as Oscar Mayer meats.
Kellogg raised its sales forecast for the year to a 6-percent rise from 2020, instead of the 5 percent it previously foresaw, and bumped its expected profit increase to 2 percent on the year instead of 1.
TRENDPOST: We note this, as we have with other articles, to illustrate the poor diets inflicting the majority of Americans… 70 percent who are overweight and 42 percent of them who are obese.
As evidenced by the scientific data, among those most vulnerable to the coronavirus are those suffering from Type 2 diabetes, obesity, respiratory ailments, heart disease, etc.
Thus, if COVID doesn’t kill them, their diet will.

Comments are closed.

Skip to content