Kraft Heinz Co said on Friday the numbers it restated last month were accurate f...
- Kraft Heinz Co said on Friday the numbers it restated last month were accurate following completion of an internal investigation, but that the matter was under review by the U.S. Attorney’s Office.
Last month, the company said it would restate financial reports for a near three-year period to fix errors that resulted from lapses in procurement practices by some of its employees.The company’s shares, which have fallen nearly 33% so far this year, rose about 3% in after hours trading. Kraft Heinz had disclosed a SEC subpoena in February. Thereafter, the company initiated an investigation into the procurement practices.
“We are pleased that Kraft Heinz is returning to a path of normalization,” Kraft Heinz Chairman Alex Behring said.
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