Why Kraft Heinz Stock Is Beating the Market in 2022
Kraft Heinz (NASDAQ: KHC) shareholders are trouncing the market this year. Their stock jumped 6% in the first half of 2022, according to data provided by S&P Global Market Intelligence, compared to a 21% drop in the S&P 500.
That outperformance also puts Kraft Heinz ahead of many peers in the packaged foods space, including PepsiCo and McCormick. The rally was supported by a tilt in investors' interest toward more stable businesses that might fare better through any upcoming recession. It was also powered by solid operating results that suggest Kraft Heinz can continue boosting sales and earnings despite rising inflation pressures.
Kraft Heinz stock jumped following its early February earnings report, which contained plenty of good news about the business. Organic sales rose 4% even compared to a spike a year earlier. Essentially all of that growth came from higher prices, although it was also considered a win for the business that sales volumes held steady.
Source Fool.com
