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Berkshire Hathaway earnings take $3.8bn hit from Kraft Heinz stake writedown
Berkshire said it had slashed the carrying value of its 27.4 per cent stake in Kraft Heinz to $8.4bn, from $13.5bn at the end of the first quarter, a roughly $5bn impairment. It noted the hit reduced its total earnings after taxes by $3.8bn, according to the quarterly statement.
The Kraft Heinz Company ( NASDAQ: KHC) traded lower on Monday after Berkshire Hathaway ( BRK.A) (BRKB) recorded a substantial ...
WARREN Buffett’s Berkshire Hathaway took a US$3.8 billion impairment on its Kraft Heinz stake, the latest hit to a bet that’s ...
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Berkshire marked down its carrying value of the Kraft Heinz stake to US$8.4 billion at the end of June. Read more at ...
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With a low price-to-earnings multiple and a significant presence in Warren Buffett’s investment portfolio, The Kraft Heinz ...
Kraft Heinz CEO Carlos Abrams-Rivera has confirmed plans to explore a $20bn spin-off, potentially separating Kraft products ...
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