King of mayonnaise and ketchup, The Kraft Heinz Company, posted its fourth-quarter results Friday with net sales inching 0.3% up to $6.88 billion.
Net income attributable to common stockholders was $8 billion or $6.52 per share compared to $944 million or $0.77 per share a year ago, with this year’s results including a $6.67Bil or $5.73 per share benefit from the enactment of Tax Cuts and Jobs Act.
Missing market estimates, the condiment giant shares were down 0.3% pre-market on earnings day, and have fallen about 17% since last year.
