India, Aug. 5 -- Food company Kraft Heinz Co. (KHC) reported Wednesday narrower loss in its second quarter amid weak net sales. Further, the firm tightened its fiscal 2026 adjusted earnings outlook, and raised organic sales view.
In pre-market activity, the shares were losing around 1.65 percent to trade at $26.20, after closing Tuesday's regular trading 0.83 percent higher.
Steve Cahillane, CEO of Kraft Heinz, said the results exceeded expectations across U.S. Retail, Global Away From Home, and Emerging Markets, and that the expected progress gives the confidence to raise organic net sales outlook for the year.
In the quarter, net loss attributable to shareholders narrowed to $5.46 billion from loss of $7.82 billion a year ago. Loss per...