February 21, 2019 / 10:12 PM / a month ago

Kraft Heinz reports 7 percent fall in quarterly adjusted earnings

Feb 21 (Reuters) - Packaged food maker Kraft Heinz Co reported a 6.7 percent fall in quarterly adjusted earnings on Thursday, hit by rising commodity and freight costs.

Adjusted earnings per share fell to 84 cents per share in the fourth quarter ended Dec. 29 from 90 cents per share a year earlier.

Net sales rose to $6.89 billion from $6.84 billion, missing analysts' estimates of $6.94 billion, according to IBES data from Refinitiv. (Reporting by Uday Sampath in Bengaluru)

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