Kraft Heinz tops profit views but misses on sales, as volume fell more than prices were raised

Shares of Kraft Heinz Co. KHC were little changed premarket trading Wednesday, food, condiment and beverage company topped fourth-quarter profit expectations but fell short on sales, as volume fell more than prices increased. Net income declined to $757 million, or 61 cents a share, from$890 million, or 72 cents a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of 78 cents was above the FactSet consensus of 77 cents. Sales declined 7.1% to $6.86 billion, below the F ...