Kraft Heinz Co. reported its first sales increase since its namesake companies merged two years ago, joining other food makers that have found growth abroad as longstanding brands fall out of favor in the U.S.Kraft Heinz’s quarterly revenue rose 0.7% to $6.31 billion, despite a 0.4% decline in revenue in the U.S. On a comparable basis, global sales increased 0.3%. Analysts had expected an even wider increase and a stronger profit margin, and Kraft Heinz shares fell 1.7% to $76.40 in after-hours trading.

Source: Wall Street Journal November 01, 2017 20:50 UTC