Kraft Heinz misses sales estimates as US demand weakens

Bengaluru

KRAFT Heinz Co marginally missed Wall Street sales estimates in the third quarter and warned it would be hampered in the fourth by many US consumers working through emergency hurricane stores of its tinned goods.

Excluding items, net profit at North America's third-largest food and beverage company, came in at 83 US cents per share, marginally better than a consensus of 82 cents, according to Thomson Reuters I/B/E/S.