Here's Why Kraft Heinz Stock Dropped Today

Shares of consumer-staples giant Kraft Heinz (KHC -5.89%) dropped on Wednesday after the company reported results for the fourth quarter. The company's brands are well known and popular, but sales volume nonetheless fell in 2023, disappointing investors. As of 11:30 a.m. ET, Kraft Heinz stock was down about 6%.An all-too-familiar storyKraft Heinz disappointed the market with its top-line results. The company's 2023 net sales were up 0.6%, but this was due to its price hikes. By contrast, its sales volume an ...