Kraft Heinz Co will restate financial reports for certain periods to fix errors ...
Various Heinz sauces of U.S. food company Kraft Heinz are offered at a supermarket of Swiss retail group Coop in Zumikon, Switzerland December 13, 2016. REUTERS/Arnd Wiegmann
The company also said it will not be able to timely file its quarterly report for the period ended March 30, sending its shares down 2.24 percent before the bell. The company had disclosed in February it had been subpoenaed by the SEC related to an investigation into its accounting policies, procedures and internal controls related to its procurement. Following the first subpoena, the company, together with its external counsel and forensic accountants, initiated an investigation into the procurement practices.
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