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Kraft Heinz restates earnings over period of 2+ years : Kraft Heinz restates earnings over period of 2+ years

May 06, 2019 - The Canadian Press
Board and Executive Moves-Financial Results

Kraft Heinz is restating its financial results for the years 2016, 2017, and for the first nine months of 2018.

The company said in February that it was being investigated by the Securities and Exchange Commission over its procurement operations. Kraft Heinz Co. said in a regulatory filing on Monday that several employees within those procurement operations engaged in misconduct. Kraft says the company has since made adjustments to correct prior misstatements, essentially increasing the to...