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Berkshire Hathaway’s Kraft Heinz Wipeout: $3B Writedown Slices Operating Profit
Berkshire Hathaway’s Kraft Heinz Wipeout: $3B Writedown Slices Operating Profit
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Warren Buffett's empire takes a canned-goods gut punch.
Kraft Heinz writedown bleeds $3B from Berkshire's Q2—operating profit tumbles like day-old coleslaw at a picnic. The Oracle's 'moat' looking more like a soggy paper bag this earnings season.
Buffett's snack bet sours: Analysts crunch numbers showing processed foods dragging down conglomerate's performance. Meanwhile, crypto ETFs quietly outperform Berkshire by 14% YTD—but don't tell the Bitcoin haters in Omaha.
Bonus jab: Another 'value investment' proving you can't put a price on brand erosion... unless it's $3 billion apparently.
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