Berkshire Hathaway Shares Fall After $3.76 Billion Kraft Heinz Write-Down-February 2024-www.financetom.com

Berkshire Hathaway Shares Fall After $3.76 Billion Kraft Heinz Write-Down

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Berkshire Hathaway Shares Fall After $3.76 Billion Kraft Heinz Write-Down

Aug 4, 2025 10:47 AM

01:16 PM EDT, 08/04/2025 (MT Newswires) -- Berkshire Hathaway ( BRK/A ) (BRK.A, BRK.B) shares were down by more than 3% in recent Monday trading after the company recorded a $3.76 billion after-tax write-down on its investment in Kraft Heinz ( KHC ) its Q2 earnings report on Saturday.

The write-down is connected to Kraft Heinz's ( KHC ) announcement in May that it is evaluating strategic options, possibly including a separation or spinoff of certain brands.

Berkshire Hathaway ( BRK/A ) reported Q2 net income of $12.37 billion, down from $30.35 billion a year earlier. Revenue for the quarter ended June 30 fell to $92.52 billion from $93.65 billion a year ago.

Berkshire shares have fallen more than 12%, and lagged the S&P 500 by about 22 percentage points, since Warren Buffett announced on May 3 he would step down as chief executive at the end of the year, Reuters reported.

Kraft Heinz ( KHC ) shares were down by 2.3% in mid-afternoon trading.

Price: 26.73, Change: -0.68, Percent Change: -2.50

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