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Kraft Heinz’s Profit Gets Boost From Cost-Cutting Efforts

Kraft Heinz is run by 3G Capital, which bought Heinz in 2013 with the help...

Kraft Heinz Co. KHC 4.51 % said its quarterly profit jumped 37.7% to $896 million, as cost-cutting efforts at the packaged-foods giant worked better than expected and its sales trends turned a corner.

The company was formed last July by the merger of Kraft Foods Group and H.J. Heinz, with the goal of improving profitability by shrinking department budgets, eliminating jobs, and increasing the efficiency of manufacturing its plethora of packaged-food brands, from its namesake ketchup to Velveeta cheese.

On Wednesday, Kraft Heinz said its sales for the first quarter fell 3.8% to $6.57 billion, hurt by the stronger U.S. dollar decreasing the value of revenue earned abroad. Excluding that and divestitures, Kraft Heinz’s sales rose 1.1%, showing signs of improvement, though the company cautioned that changing consumer tastes and volatile commodity costs pose hurdles.

“We are off to a good start; good, not great,” said Chief...


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