“Kraft Heinz looks to revamp Oscar Mayer brand, cut 20% of products, as it rethinks business”
September 17, 2020
“Shares of Kraft Heinz were up 1% in afternoon trading after the company presented its long-term turnaround plan to investors. As its blueprint is implemented, the company is projecting long-term organic sales growth of 1% to 2% and adjusted earnings per share growth of 4% to 6%…
“When you stand back, what you’re going to find is, we’re going to be more focused around 60% of growth coming from innovation and 40% on renovation,” Abrams-Rivera said…”