Kraft Heinz Mulls Deals After Berkshire Hathaway Exits Board

Kraft Heinz Co. said it is evaluating potential “strategic transactions” in an effort to boost its stock price, and announced that Berkshire Hathaway Inc. is giving up its seats on the board.

The beleaguered owner of the Heinz and Oscar Mayer brands cut its annual sales and profit outlook earlier this month after posting its sixth straight quarter of revenue declines. Inflation, recession fears, mounting competition and the threat of tariffs have been weighing on consumer confidence and the company’s performance.

Kraft Heinz shares rose less than 1% in post-market trading in New York, after declining 22% in the past ...