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“Kraft Heinz looks to revamp Oscar Mayer brand, cut 20% of products, as it rethinks business”

“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…”

https://www.cnbc.com/2020/09/15/kraft-heinz-looks-to-balance-renovation-and-innovation-in-portfolio.html

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