If you've ever struggled to get the last bit of ketchup out of a Kraft Heinz (NASDAQ: KHC) glass bottle, you might begin to understand the headache investors holding the company's stock faced over the last few years. Shares have been stuck in a tight range since 2021 and are currently down about 4% in 2024, underperforming the broader market. The impact of shifting post-pandemic consumer spending trends while dealing with inflationary cost pressures has limited growth and earnings.
Still, there are some reasons to believe that the Kraft Heinz glass bottle is now half-full. The company's latest quarterly earnings showed signs of a budding operational and financial turnaround, supporting a positive long-term outlook.
So is Kraft Heinz a buy now? Here's what you need to know.
Source Fool.com