What is causing the volatility for this company? Is anything in this statement unusual or concerning and why? Net salesCost of products soldGross profitThe Kraft Heinz CompanyConsolidated Statements of Income(in millions, except per share data)Selling, general and administrative expenses, excludingimpairment lossesGoodwill impairment lossesIntangible asset impairment lossesSelling, general and administrative expensesOperating income/(loss)Interest expenseOther expense/(income)Income/(loss) before income taxesProvision for/(benefit from) income taxesNet income/(loss)Net income/(loss) attributable to noncontrolling interestNet income/(loss) attributable to common shareholdersPer share data applicable to common shareholders:Basic earnings/(loss)Diluted earnings/(loss)December26, 2020S 26,18517,0089,177SS3,6502,3431,056December28, 20190.290.29$ 24,97716,8308,1477,0492,1281,394(296)1,0306693615(2)356 S 1,9353,1781,197702$5,0773,0701,361(952)2,6617281,9331.591.58December29, 2018S26,26817,3478,921S3,1907,0088,92819,126(10,205)1,284(168)(11,321)(1,067)(10,254)(62)$(10,192)(8.36)(8.36)

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Business

Accounting

What is causing the volatility for this company? Is anything in this statement unusual or concerning and why?

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 87PSB

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