🔴 Kraft Heinz is trading 4.14% down today as weaker operating-profit guidance appears to weigh

Kraft Heinz is trading 4.14% down now at $24.66 after heavier brand investment and weaker operating-profit guidance appeared to weigh on sentiment despite August 5 earnings beat.

• Second-quarter adjusted EPS was $0.56 on $6.26 billion revenue; organic sales declined 1.3%, volume and mix fell 2.6%, and North American volume and mix fell 3.8%.
• The company raised its full-year sales and EPS outlook.
• Kraft Heinz is underperforming a broadly mixed market during active morning trading.